Ryan Borders

Financial Advisor

Ryan Borders

Hi, I'm Ryan! I’m a Financial Advisor with Richard Young Associates, an independent, fee-only firm (no commissions) devoted to helping individuals and families achieve their financial goals. We want to help you achieve financial independence through taking control of your finances. We do this by providing financial planning and investing services to help you save for your retirement and to build your wealth. I believe in being as transparent as possible when it comes to what I do and how I can help you. If you would like to learn more, please look through the frequently asked questions below.

I know life is busy and it can be hard to find time. I want to be as accessible to you as possible, so I am available for a quick call or a meeting during after-hours and on weekends if normal business hours do not work for you. I'd love to connecthere's my calendar link to make finding time easy.


Questions


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1) Who is your firm and how do you work?

Richard Young Associates is a financial planning and investment firm that has been helping people in the Augusta area for over 30 years. We are a team of advisors who are teachers at heart. It’s important to us that we try to help our clients truly understand the reasons for the advice we are giving and then empower them to make the best decisions going forward. We don't tell, we teach.

When you work with Ryan, you are working with the collective wisdom of the Richard Young Associates team. This structure helps every advisor provide the best advice, letting you benefit from a whole host of professional experiences.

2) So you're a fiduciary – what is that?

As a registered investment advisor, we are held to a fiduciary standard, meaning we are required by law to place your interest above our own, unlike the lower standard brokerage firms are held to. As a fiduciary, one of my core values is to put your best interest above my own compensation.

3) Why should I hire you instead of doing this myself?

While there are a lot of avenues to do your own investing and planning, we find that people do not have the time to work with their investments, the expertise to invest well, and quite frankly, the majority of people do not enjoy working on their investments.

Fortunately, there are even reasons beyond these to work with me. A recent study by Vanguard showed that working with an advisor actually added an estimated 3% to investors returns compared to investing on their own.

We also add value far beyond the managing of your investments. We partner with you to build plans for the financial events in your life – buying a house, sending your kids to college, saving for retirement, and many more. Financial planning and investment management is something we work on every day. This is our full-time job, and we have the collective decades of experience that let us see how to best navigate your situation too.

4) Who is your typical client?

I work with individuals, families, and small business seeking help with their retirement planning and investments. Our minimum investment is $20,000 over a one-year period, far more accessible than most advisors like us. This number doesn’t necessarily mean investing $20,000 from your savings in the bank. It includes pieces like rolling over old retirement plans, IRAs, and other investment accounts.

5) How do you invest my money?

We build you a portfolio of all sorts of stocks and bonds – big and small, in the US and abroad – that matches the needs of each of your accounts. For instance, a retirement account that you won’t start pulling from can lean much more heavily on stocks that fluctuate more but tend to grow more, while money you’re saving to buy a house should be invested in a way that is much more stable.

To build this portfolio, we use mutual funds, which in essence are baskets of different types of stocks and bonds that let you build a very diverse portfolio that would be to expensive to try to build on your own. This diversity helps make your portfolio less risky while keeping the ability to earn higher returns like riskier investments can. The funds we use and the way we build our portfolios is based on Nobel Prize winning research by Dr. Eugene Fama, and our choice of mutual funds has strong ties to both him and other ongoing research from the University of Chicago.

6) Why should I invest?

Why should you invest rather than stockpiling cash? That’s a great question, and the answer lies in the power of compound interest. If you were to invest a single dollar in the S&P 500 (the largest US companies) back in 1970, by the end of 2017 that dollar would have grown to over $122! By contrast, investing in one-month treasury bills (similar to your bank’s savings account), that dollar would only have only grown to a bit over $9.

Let’s put this in perspective. Let’s pretend that in 40 years, you wanted to retire and pull $50,000 from your savings for 30 years of retirement. How much do you need to save to make that happen?

The details: Over the 40 years from 1978 - 2017, the S&P 500 grew 11.8% per year (what we’ll call “investing”) and one-month treasury bills grew 4.6% per year (what we’ll call your bank savings). Remember, everything we buy gets more expensive each year because of something called inflation, and for that same time the Consumer Price Index was 3.5%, so we’ll call that inflation. This changes each year, but let’s just use these averages.

For money in your savings account, how much do you need to save each year to withdraw the current day equivalent of $50,000 per year in the future? You need to save over $44,000 each year for 40 years to be able to take that much in retirement. This simply isn’t feasible for most people.

So, what about if you invest that money? To draw the exact same money amount of money in retirement, is you only need to invest $3,000 per year.

That is why you should invest – it makes a very successful retirement attainable for all of us. While the future growth of your investments will almost certainly differ from the past, what we do know is history shows that investment provides the best chance for the growth we need for retirement.

7) Who are you not a good fit for?

If you want us to try to time the market or predict where stocks are headed, then we wouldn’t be a good fit for you. We’re also not a good fit for those looking for someone to pick individual stocks or aren’t interested in a diversified portfolio. We believe in long-term investing, and someone looking for a quick return on their investments wouldn’t want to work with us.

8) How do you get paid?

We are a fee-based firm – we get no commissions from the investments of our clients – and we're proud of it. This means our interests are aligned with yours. We have every reason to help you make the best decisions possible for you, because when you do better, we do better. I am held to the fiduciary standard; I must act in your best interest, regardless of how we are compensated.

9) I'd like to learn more. What is the next step?

Schedule a phone call or meeting to discuss your goals. Here's my calendar link to make finding time easy.

10) Do you work with people outside of Augusta?

Yes! We work with people in over 30 states all across the US and would be happy to speak with you, regardless of where you are from.