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Joshua Escalante Troesh

Investing, Small Business, Lifestage Based Planning
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“Joshua Escalante Troesh is a tenured professor, financial adviser, and the owner of Purposeful Strategic Partners, a Registered Investment Advisory firm.”
Firm:

Purposeful Strategic Partners

Job Title:

Founder

Biography:

I work with clients to help them live their great life, both now and in the future. Financial planning isn’t about sacrificing today for tomorrow; it’s about giving purpose to your money. I guide clients in exploring the lifestyle they want to achieve now, the goals they have for their future, and how best to use their financial resources to accomplish both. 

Throughout the planning process, the focus is on providing education and ensuring you understand how you’ll meet your goals and are comfortable with the plan. The goal isn’t to impress you with big words or confuse you into agreeing with a recommendation. The goal is to provide you with transparent advice without conflicts of interest.

LIFE PLANNING

I begin your planning process by understanding your life goals, and then develop recommendations to help you achieve them. Every plan and every recommendation is designed with one goal in mind: to get you to your goals.

COMPREHENSIVE

Planning takes on an integrated approach, which considers your entire financial picture. Planning goes beyond investments and retirement to incorporate all of your goals and includes cash flow analysis, tax planning, college funding, risk management, career development, debt management, estate planning, and more.

FIDUCIARY & FEE-ONLY

As a Registered Investment Advisor, I chose to be held to the highest fiduciary standard in the industry. I am required to serve my clients' interests first in all aspects of planning and to fully disclose potential conflicts of interest. This isn't just a policy, it's a legal obligation.

As a fee-only financial planner, I only accept compensation directly from my clients for the advice I provide. No product sales. No commissions. No referral fees. No other hidden kickbacks. 

ABOUT JOSHUA

In addition to being a financial advisor, I’m also a tenured professor of Business at El Camino College in Los Angeles. I hold an MBA and recently passed the rigorous CFP® exam. I have also had a unique perspective on the last two market downturns, having been a Vice President at a credit union in 2008 and the Director of Marketing for an internet technology firm in 2000.

My journey to becoming a financial planner began with me rejecting being a financial planner. In the early- and mid-2000, a long-time friend of mine asked me to join him at Merrill Lynch as a financial advisor – I turned him down multiple times.

Shortly after the 2008 credit crisis, I began instructing college Personal Finance courses. Watching the incredible impact the course had on students' lives is what finally sparked an interest in joining the financial planning profession. But I wanted to join a profession, not an industry.

Teaching is a profession, because it is dedicated to improving the lives of the students, not enriching the professors. Sadly, what I saw in much of financial planning was an industry that created products and hired sales representatives to push the products. But I also saw a noble version of financial planning as a service profession where a trusted adviser helped guide clients toward their life goals.

Education:

MBA, Azusa Pacific University
Professional Financial Planner certificate, UCLA

Fee Structure:

Monthly
Flat
Hourly

CRD Number:

6910288

All Answers
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    Career / Compensation, Debt, Financial Planning, Retirement, 401(k)
Which retirement plan should I choose- 403(b), 457(b), or 401(a)?
100% of people found this answer helpful

While there are some differences between the plans, it is the underlying investment options and fees which should really drive this decision. Each of the plans will have predominantly the same tax advantages; so instead look at the types of investments and the expense ratios of the funds you have access to in the 401(k), 403(b), 457(b) and 401(a) plan.

If your 401k plan has significantly cheaper fees and better investment options, then you should max out the 401k first ($18,500 in 2018) before looking to invest in the other plans. 403b and 457 plans, for example, often limit you to investing in high cost annuities, which will have a hard time outperforming cheaper investment options net of fees.

If all the plans have similar investment options and fees, then I recommned funding the 457 plan. These plans allow you to take penalty-free withdrawals before age 59 1/2. If you retire young, the 457 can be a beneficial source of income while you wait to have access to your 401k and IRA plans. You will still have the normal income taxes which are due on withdrawals at any age, the same as a 401k.

I also recommend talking with your financial advisor who is managing your Vanguard mutual fund. They should be knowledgable about the account details and be able to give you more accuarate advice based on your entire financial picture. If they aren't able or willing to offer advice on your entire financial picture, you may wish to consider if working with a different advisor would be better for your comprehensive financial plan. 

May 2018
    Debt
Will paying off my credit card debt with a personal loan improve my credit score?
100% of people found this answer helpful
May 2018
    Taxes, Income Tax, Tax Deductions / Credits
How much do foreign income and foreign income tax credit impact my tax return?
100% of people found this answer helpful
May 2018
    Banking
Do I have to buy treasury notes through a bank or brokerage firm?
100% of people found this answer helpful
May 2018
    Stocks, Starting Out
Why do stock prices rise over time?
100% of people found this answer helpful
June 2018