Who are the Fausto brothers?

The Fausto Brothers Martin, Enrique and Anton are sons of Marvin and Rose Fausto.  Marvin was the Head of Trust of Equitable PCI Bank and is now the Head of Investments of Banco De Oro.  Rose, prior to becoming a full time homemaker, was also an investment banker.

Martin, the oldest, is 19 years old.  He finished his elementary and high school with honors at Xavier School, Greenhills.  He is now an incoming junior taking up Management at the Ateneo de Manila University.  He is a member of the Company of Ateneo Dancers, one of the top hip hop school-based dance groups in our country today.  He sometimes plays the piano and is always the video maker and host in family parties.

Enrique, the second just turned 17 last month.  He also finished his elementary with honors at Xavier School.  He is an incoming high school senior in the same school.  He plays the guitar in a band called Luna Rye which he formed with friends from Xavier and ICA.  He also plays the piano and has composed a couple of songs.  He was a member of his school’s soccer varsity team in grade school and is now an officer of Dance X, Xavier’s varsity dance team.  He is also a member of the Xavier Ultimate Frisbee team.  Enrique is currently the president of the Parish Youth Central in Our Lady of Consolation Parish in their village.

Anton, the youngest, is 13 years old.  He graduated with honors from the Ateneo Grade School last March where he was also awarded a medal for his co-curricular activities in dancing, his current passion.  He was also a member of his Table Tennis varsity team.  Anton also plays the guitar and piano.  His ambition is to be the country’s youngest billionaire.

The Fausto Brothers have been exposed to financial literacy very early in life.  When they were still babies, their parents opened their individual savings accounts.  They have been saving from their allowance, cash gifts and occasional earnings from different endeavors.  They were also gifted a few shares of stocks of companies that they could easily understand when they were still very young.  Today, they buy their own stocks with their own money.  Since last year, their parents have transferred to them the responsibility of updating their individual Balance Sheets on a quarterly basis.

Catch the Fausto brothers at BLUE CHIP: Financial Literacy Program for the Youth! May 13 & 14.

For inquiries on BLUE CHIP, please get in touch with Sheryn Alvarez at 7448121 or 09175117796.

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2. Gathering client data, including goals.

The financial planner should ask for information about your financial situation. You and the planner should mutually define your personal and financial goals, understand your time frame for results and discuss, if relevant, how you feel about risk. The financial planner should gather all the necessary documents before giving you the advice you need.

3. Analyzing and evaluating your financial status.

The financial planner should analyze your information to assess your current situation and determine what you must do to meet your goals. Depending on what services you have asked for, this could include analyzing your assets, liabilities and cash flow, current insurance coverage, investments or tax strategies.

4. Developing and presenting financial planning recommendations and/or alternatives.

The financial planner should offer financial planning recommendations that address your goals, based on the information you provide. The planner should go over the recommendations with you to help you understand them so that you can make informed decisions. The planner should also listen to your concerns and revise the recommendations as appropriate.

5. Implementing the financial planning recommendations.

You and the planner should agree on how the recommendations will be carried out. The planner may carry out the recommendations or serve as your “coach,” coordinating the whole process with you and other professionals such as attorneys or stockbrokers.

6. Monitoring the financial planning recommendations.

You and the planner should agree on who will monitor your progress towards your goals. If the planner is in charge of the process, she should report to you periodically to review your situation and adjust the recommendations, if needed, as your life changes.

In the Philippines, the leading organization for Financial Planner certification is probably the Registered Financial Planner Institute, a local chapter from Ohio, U.S.A. There are about  400+ individuals who have taken the program since its inception in 2005 in the Philippines. The program boasts of several comprehensive programs on Financial Planning, Investment Planning, Insurance Planning, Estate Planning and more. The local chapter also boasts of several well respected and credentialed moderators who are University Professors, Columnists, Best-Selling Authors, Corporate Executives, etc.

It is always best to check out your financial planner. Is he credible? Does he have the credentials? Does he have the necessary experience? And more importantly, does he have the right character as trust is the most important foundation in a planner-client relationship.

Be careful in choosing a financial planner but don’t dilly-dally in getting one, it really is a wise decision to make.

“The wisdom of the prudent is to give thought to their ways, but the folly of fools is deception.” – Proverbs 14:8, NIV