Business Details
7 Years
experience
Fee-Only Financial Planning & Investment Management
At Open Wealth Network, we prioritize our clients above all else. Our firm is designed to deliver exceptional service to a select group of clients, ensuring direct access to the owner rather than a call center. We operate under a fiduciary oath, committing to your best interests without selling products or accepting commissions. Our team emphasizes lifelong learning while maintaining humility and openness to new ideas. We focus on specific client needs, leveraging technology to streamline processes and reduce friction. With expertise in low-cost, diversified investing and a commitment to adding value at every stage of your journey, we help clients navigate complex financial decisions.Founded on principles of integrity and transparency, we serve clients across various professions and life stages. Our fee-only model ensures alignment with client goals, offering capped billing for predictable costs. We challenge assumptions, identify blind spots, and motivate clients toward actionable outcomes. Backed by memberships in leading financial planning networks, we combine technical expertise with a personal touch to help you live your best life now and in the future.
Services
Financial Planning
Investment Management
Tax Planning
Estate Planning
Retirement Income Planning
Student Loan Strategies
Healthcare Planning
Details
- Year established: 2019
Highlights and features
- We operate under a signed fiduciary oath prioritizing client interests
- Our fee-only model eliminates conflicts of interest from commissions
- We offer capped annual billing for predictable financial planning costs
- We provide comprehensive guidance beyond investments, including tax strategies
- Our founder holds CFP, MBA, and Enrolled Agent credentials
Associations and certifications
- CERTIFIED FINANCIAL PLANNER Board of Standards
- National Association of Personal Financial Advisors
- XY Planning Network
- Fee-Only Network
Services
Financial Planning
We create personalized financial roadmaps addressing investments, taxes, and life goals. Our comprehensive approach covers retirement strategies, risk management, and wealth transfer planning. Clients receive ongoing guidance to adapt to changing circumstances while maintaining tax efficiency and long-term growth.
Investment Management
We design diversified investment portfolios aligned with client risk tolerance and objectives. Our evidence-based approach emphasizes low-cost index funds and tax-efficient strategies. Regular portfolio reviews ensure alignment with evolving market conditions and personal circumstances while maintaining disciplined investment principles.
Tax Planning
Our specialized tax strategies focus on maximizing after-tax returns through legal deductions and credits. We coordinate tax planning with overall financial strategies to minimize liabilities across income, estate, and investment tax considerations. Services include stock compensation planning and tax-loss harvesting techniques.
Estate Planning
We develop customized estate plans to protect and transfer wealth efficiently. Our approach coordinates with legal professionals to implement wills, trusts, and beneficiary designations. We emphasize tax minimization strategies and legacy planning aligned with family values and philanthropic goals.
Retirement Income Planning
We analyze optimal retirement timing and income sources including Social Security, pensions, and investment withdrawals. Our plans address sequence-of-returns risk and healthcare costs while creating sustainable income streams. We help clients transition from wealth accumulation to confident retirement living.
People
Michael J. Henzes
Founder & Financial Adviser
Certified Financial Planner with 20+ years experience, holding an MBA in Finance and Enrolled Agent credentials. Former pharmaceutical industry accountant turned fee-only fiduciary adviser. Member of NAPFA, XY Planning Network, and Fee-Only Network. Committed to ethical, client-first financial guidance.
Questions
What makes Open Wealth Network different from other financial advisers?
We operate as fee-only fiduciaries with no product sales or commissions. Our capped billing model ensures predictable costs while providing comprehensive financial planning beyond traditional investment management services.
Do you work with clients outside Pennsylvania?
While based in Pottstown, PA, we serve clients nationwide through virtual meetings. Our technology-enabled approach allows effective collaboration regardless of geographic location while maintaining personalized service.
What credentials do your advisers hold?
Our founder holds Certified Financial Planner (CFP), Enrolled Agent (EA), and MBA credentials. These qualifications demonstrate expertise in financial planning, tax matters, and business strategy through rigorous education and ethical standards.
How are your services priced?
We use a transparent fee-only model with annual capped billing. This approach ensures clients receive comprehensive financial guidance without unexpected costs while maintaining alignment with client interests through no-commission compensation.
What technology platforms do you use?
We leverage secure digital tools for document sharing, financial planning software, and virtual meetings. These platforms enhance efficiency while maintaining data security, allowing more time for personalized financial guidance and strategy development.
How often do you meet with clients?
Meeting frequency is tailored to client needs, typically quarterly or semi-annual reviews. We maintain open communication channels for urgent matters and schedule additional meetings as needed for significant life changes or financial decisions.
