Hoots of FAQs

  • FedWise Advisors is an independent financial planning services firm focused on bridging the gap for Federal employees to receive critical guidance that combines outside financial planning strategies and federal benefits. After over 10 years of assisting Federal employees retire and remain successful in retirement, David Setia opened the doors to FedWise Advisors in March 2025.

  • The owl symbolizes wisdom due to its association with Athena in Greek mythology, its keen vision, and its ability to see in darkness, representing insight and perception. Its silent flight and ability to rotate its head nearly 360 degrees further reinforce themes of awareness and strategic thinking. The owl's traits of insight, perception, awareness, and strategic thinking mirror the qualities of exceptional financial planners, enabling them to foresee challenges, navigate complexities, and provide insightful, well-informed guidance to their clients.

  • LPL Financial stands as the leading independent broker-dealer in the nation*. This stature grants us unparalleled access to state-of-the-art technology, cutting-edge research, and an extensive array of investment options at our disposal for the benefit of our valued clients. An important aspect of our partnership with LPL is the fact that LPL refrains from offering proprietary investment products and does not involve itself in investment banking activities. Consequently, this ensures that our affiliated advisors are free from any undue pressure or influence to promote any specific product. Our commitment is solely to our clients' best interests, and we take pride in providing them with independent guidance and a wide spectrum of investment choices.

    *As reported by Financial Planning magazine, 1996-2023, based on total revenue.

  • No, we are employees of FedWise Advisors and LPL Financial is a third party that provides services to us.

  • Fiduciary advisors are legally and ethically required to act in YOUR best interest, prioritizing your financial well-being over their own profits. They provide transparent advice, often on a fee-only basis, avoiding conflicts of interest and aligning recommendations with your long-term goals. Learn more about Fiduciaries here.

  • Our meeting frequency is dependent on the planning needs of our clients rather than tied to their account size. Additionally, we pride ourselves on our open-door policy, inviting clients to schedule a meeting at any time regardless of how often they’ve already met.

  • We follow a systematic management process, ensuring that all our clients hold what we believe are the best investment choices across all categories. Regardless of account size, we manage your investments based on our informed analysis of each holding. When our outlook on an investment changes, we make adjustments across all accounts simultaneously—aiming to ensure fair, consistent management with no preferential treatment.

    • 1.25% = $500,000 to $999,999

    • 1.00% = $1,000,000 to $1,499,999

    • 0.95% = $1,500,000 to $1,999,999

    • 0.90% = $2,000,000 to $2,999,999

    • 0.85% = $3,000,000 to $3,999,999

    • 0.80% = $4,000,000 to $4,999,999

    • 0.75% = $5,000,000 +

  • We understand not everyone may be able to initially meet our firm minimum. We may allow smaller accounts to be opened until the client is able to reach our firm minimum.

    • 1.75% = $100,000 to $249,999

    • 1.50% = $250,000 to $499,999

  • Absolutely! In fact, we don’t operate with any time commitment on your end. We believe you should have full control to choose where your money is invested. With this said, someone could hypothetically join and leave the next day.