It is with great pleasure that my wife and I write this testimonial of our experience with Star Fox Financial Services. We were first introduced to Star Fox in 2016 through a business associate who had started working with them. Reluctantly, we agreed to meet with Jose Palafox to go over our portfolio and see what might be possible with Starfox.
We had been with a large, well known national firm for several years. Our representative convinced us that our retirement would be well funded and that we were on track to pursue our retirement dreams. Red flags popped up – they would not accept responsibility as our “fiduciary”, so we signed a waiver. The next 3+ years we discussed how to reach our monthly needs and goals with draws from our portfolio gains.
After reviewing our portfolio, Jose pointed out flaws in our existing strategy. Facing the reality that we may have made a bad choice was hard to accept based on one person’s opinion, so we decided to defer making a change for one year. We pressed our financial advisor for a fee schedule and asked more questions to clarify our financial strategy. We were assured that all was on track and not to worry, but never got a fee schedule or clear answers. Then, Peter retired at the end of 2016, according to our plan.
It only took a couple of months for the conversation to change from living off the portfolio growth, to having to spend down our principle. Not a happy future. Not what we had discussed during the many years of planning or what we envisioned our future to be. Nicole did a spreadsheet to track our investments over time, and discovered most growth was due to our continued investments.
In 2017 we reached out to Jose to get his input. Based on our age and goals, he recommended a conservative investment plan, and reassured us our vision was doable. Reasonable compensation (fees) for his firm’s services was discussed, and we started moving our portfolio after the fiduciary and other documents were signed. We had nothing to lose and were hopeful that Jose’s team would help us stem our losses and get our portfolio back on track. Since joining Starfox, we feel we have a real partner with Jose and his team and continue to enjoy positive results. We appreciate their integrity and knowledge.
It is now 2021 and we are extremely happy that we partnered with Starfox. Our portfolio has grown. We are receiving distributions that we need to supplement our lifestyle. We are living a life that we envisioned, and Jose has become both a trusted advisor and friend. Win, Win, Win and Win!