Who is Valley Wealth Advisors? 

Valley Wealth Advisors is an independent financial services firm dedicated to providing personalized, goal-based financial planning and investment management for individuals, families, and businesses.

We are a team of six experienced financial advisors who adhere to the fiduciary standard, meaning we are committed to always acting in your best interest. Our recommendations are based solely on your goals, age, financial situation, and what is right for you — not on product sales or quotas.

Our Advisory Team

• Tom Glandt
• Carly Rott
• James Bodensteiner
• Erin Lamp
• Casey Stowman
• Charlotte Ingstad

Our Extended Team

• Devon Liljenquist, CPA – Strategic Partner
• Cheryl Storhoff – Branch Operations Manager
• Jen Van Berkom – Branch Operations Manager
• Holly Shepard – Branch Operations Manager
• Shelby Ringsaker – Branch Operations Manager
• Katie Johnson – Marketing Director

Our Locations

We proudly serve clients across six North Dakota locations:

• Valley City
• Oakes
• Edgeley
• LaMoure
• Downtown Fargo
• Jamestown

What Do You Do?

At Valley Wealth Advisors, we provide a wide range of financial services designed to support your life, business, and future goals. 

Our services include: 

• Retirement Planning
• Comprehensive Financial Planning
• Estate Planning
• Business & Farm Succession 
• Employer Sponsored Plans
• Wealth Accumulation & Preservation Strategies

How often do we meet?

We meet as often as needed, based on your preferences and what's going on in your financial life. Some clients prefer regular check-ins throughout the year, while others reach out when specific questions or life events come up. We're here whenever you need us.

Do I have online access to my accounts?

Yes. You can access your accounts directly from our website.

Do I need a minimum amount to work with you?

No. At Valley Wealth Advisors, we believe that everyone deserves access to quality financial guidance, regardless of their current account size. Whether you're just starting out or managing a complex portfolio, we're here to help you work toward your financial goals.

Who is LPL Financial and NewEdge Advisors, and how are they connected to Valley Wealth Advisors?

At Valley Wealth Advisors, we focus on providing personalized financial planning and investment guidance. To better serve our clients, we have relationships with two key organizations.

LPL Financial

LPL Financial is one of the largest independent broker-dealers^** in the United States. They provide us with access to:

• A wide range of investment products and research tools
• A secure, reliable trading and account management platform
• Back-office support, compliance oversight, and custody of client assets

 *LPL does not manage your investments directly or influence our advice. We remain independent and work solely in your best interests.

_{**As reported by Financial Planning magazine, 1996-2024, based on total revenue.}

NewEdge Advisors

NewEdge Advisors is a platform that supports independent financial advisors like us with:

• Advanced technology and operational tools
• Business support and practice management resources
• A community of like-minded, independent advisors

Through NewEdge, we can focus on you, which is what matters most. These relationships allow us to combine the personal attention of a local firm with the strength and resources of a national network.

What is financial planning?

Financial planning is a comprehensive process that involves evaluating your current financial situation, setting financial goals, and developing strategies designed to achieve those goals. It encompasses budgeting, saving, investing, and planning for retirement, striving to ensure you can meet both short-term and long-term financial needs.

Why is financial planning important?

Financial planning is important because it provides a clear path to pursuing your financial goals. It helps you work towards managing your income, expenses, and investments wisely, striving to reduce financial stress and improve your overall financial health. By planning ahead, you can better prepare for unexpected expenses and secure your future.

How do I start financial planning?

To start financial planning, begin by assessing your current financial situation, including your income, expenses, debts, and savings. Set clear, achievable financial goals, both short-term and long-term. Create a budget to manage your finances effectively and consider consulting with a financial advisor to guide you through the process.

What should a financial plan include?

A comprehensive financial plan should include an assessment of your current financial situation, clearly defined financial goals, a budget plan, an investment strategy, and a retirement plan. It should also address risk management and estate planning, ensuring all aspects of your financial life are covered.

How often should I update my financial plan?

You should review and update your financial plan at least annually or whenever significant life changes occur, such as a change in income, marriage, or the birth of a child. Regular updates ensure that your financial plan remains relevant and aligned with your current circumstances and goals.

What is the role of a financial advisor?

\A financial advisor helps you create and implement a financial plan tailored to your needs. They provide expert advice on budgeting, investing, retirement planning, and risk management. Advisors can also help you navigate complex financial decisions and adjust your plan as needed.

How can I save for retirement?

Saving for retirement involves setting aside funds regularly in a retirement account such as a 401(k) or IRA. Maximize employer-matching contributions, diversify your investments, and start saving as early as possible to take advantage of compound interest. Regularly review and adjust your retirement savings plan to ensure it aligns with your goals.

What is budgeting, and why is it important?

Budgeting is the process of creating a plan to spend your money wisely. It helps you allocate resources to meet your financial goals, control spending, and avoid debt. A budget is essential for financial stability and ensures you live within your means while saving for the future.

How do I manage debt effectively?

To manage debt effectively, prioritize paying off high-interest debts first, such as credit card balances. Consider consolidating debts for better interest rates and create a repayment plan that fits your budget. Avoid accumulating new debt and focus on living within your means.

What is the best way to invest money?

The best way to invest money depends on your financial goals, risk tolerance, and time horizon. Diversify your investments across asset classes, such as stocks, bonds, and real estate, to mitigate risk. Consider working with a financial advisor to develop a personalized investment strategy.

How do I set financial goals?

Set financial goals by clearly defining what you want to achieve and by when. Break down larger goals into smaller, actionable steps, and set deadlines. Ensure your goals are specific, measurable, achievable, relevant, and time-bound (SMART) to increase your chances of success. 

What are the benefits of financial planning?

Financial planning seeks to provide numerous benefits, including improved financial security, reduced stress, and a clearer understanding of your financial situation. It enables you to make informed financial decisions, pursue your goals, and prepare for future uncertainties.

How can I build an emergency fund?

To build an emergency fund, start by setting a savings target, such as three to six months of living expenses. Regularly set aside a portion of your income into a separate, easily accessible account. Cut unnecessary expenses and redirect the savings towards your emergency fund.

What is risk management in financial planning?

Risk management in financial planning involves identifying potential risks to your financial well-being and implementing strategies that strive to mitigate them. This includes having adequate insurance coverage, diversifying investments, and maintaining an emergency fund to protect against unforeseen events.

How do taxes impact financial planning?

Taxes impact financial planning by affecting your net income, investment returns, and overall financial strategy. Understanding tax implications helps you make informed decisions about investments, retirement savings, and estate planning, with the goal of ensuring you minimize tax liabilities and maximize savings.

_{The information in this article is for educational and informational purposes only. It is not intended to provide specific advice or recommendations for any individual. Consult your financial advisor to determine which investments or strategies are appropriate for you.}