Below is a description of the financial planning process. A custom proposal, tailored to an understanding of your personal goals, will be provided before we work together.
The First Step: Laying the Groundwork with a Comprehensive Financial Plan
WHAT IT IS—
This is a thorough review of all facets of your financial life, from cash flow to investments to taxes, to overall organization. In addition, you’ll receive 4-6 focused strategy meetings during which we’ll explore your goals for your future, and establish the steps needed to get there.
WHAT YOU GET—
You’ll receive unlimited phone and email support during the plan period, forever access to financial planning software, and at the end of the planning process, will have a written set of recommendations and a full analysis of your overall financial picture.
WHAT YOU’LL PAY—
Fees are based on complexity, and a detailed proposal will be prepared for you. In general, the fee range for a comprehensive plan is $3,000-$5,000
The Second Step: Staying on Track
WHAT IT IS—
Financial planning is an ongoing process, and it’s important to monitor and update the plan periodically as your situation changes, or to help make decisions. Once your initial plan is complete, we will discuss the level of continued involvement that feels right to you.
Below is a description of the second step options. We’ll choose the best path for you based on your individual personal and financial goals.
Level 1
This is best if we have determined that your assets can be invested in a long-term portfolio and you would like for me to monitor your plan and implement recommendations. This also works well if you would like to consolidate your financial work under one roof.
WHAT IT IS—
Management of your investments based on the strategy we created during the planning process along with continual full-service comprehensive planning services.
WHAT YOU GET—
Two review meetings per year, plus ongoing support as your needs arise.
WHAT YOU PAY—
0.75% of assets managed, plus a maximum of $1,000 per year household administrative fee.
Level 2
This is best if your investable assets are mostly in employer plans, you’d like to keep working together, but don’t need or want ongoing investment management, and you anticipate some big life changes ahead and want unlimited phone and email support as they come up.
WHAT IT IS—
Continual full-service comprehensive planning services, but no investment management.
WHAT YOU GET—
Two review meetings per year, plus ongoing support as your needs arise.
WHAT YOU PAY—
An annual fee will be quoted, and can be paid either monthly or quarterly, after the initial plan is completed. Typical annual fees range from $2,400-$4,800.
level 3
This is best if your needs are simple and you don’t have big decisions in the next couple of years. We can review your plan anytime you like, on your schedule. Generally, an annual review is recommended.
WHAT IT IS—
Planning services on your schedule without an ongoing commitment, and without ongoing monitoring by me.
WHAT YOU GET—
Assistance whenever you need it, based on availability. Generally, an annual review is recommended.
WHAT YOU PAY—
A fee proposal will be prepared based on the scope of work to be completed; annual reviews are priced at $1,000.