We work with clients in either a fee-for-service planning approach or hourly-based financial planning.
The majority of our clients come to us for comprehensive financial plans. These plans can range in price from $3,000 to $5,000, depending in the complexity of your financial situation. We provide a firm quote for the initial financial plan. Once we have completed the plan, future reviews are often a fraction of the initial cost.
After the planning process is successfully completed for those clients that do not engage us for long-term asset management, we provide periodic “check-ups” which are charged at a $300/hour billable rate. many of those clients instead opt for an annual retainer relationship, which covers as-needed communications, several portfolio review meetings and other planning topics that emerge over the course of the year. Fees for annual planning relationships, range from $1,300 to $2,000, depending on the complexity of your financial picture.
Some clients also pursue "a la carte" financial planning, covering topics such as investing, cash flow analysis, tax planning, estate planning, insurance planning, senior care planning and other individual topics. This option is not appropriate for a question like, “Can I retire now?” that requires a more detailed analysis
Our clients have questions such as:
- How much should I spend now, and how much should I save to spend later?
- What type of home can I afford?
- Am I saving enough to retire one day?
- How should I invest my savings?
- We just got married. How should we merge our finances?
- How should our plan evolve now that we’re ready to have children?
- What can I do to plan for my child’s education?
- Can we afford to have a stay-at-home parent?
- Can I afford to make a career change?
- Can I afford to retire now?
- Is my family protected if something should happen to me?
We also serve clients who have developed their own expertise but want a professional to confirm they’re on track. Either way, clients know the cost of not taking charge of their finances could be that they won’t be able to live the lives they want.
Here are a few examples of what we see most often:
- Do I have enough saved for retirement?
- When should I begin to draw Social Security?
- Should I roll over my 401(k) or leave it with my employer?
- Should I do a Roth IRA conversion?
- Should I refinance or pre-pay my mortgage?
- Can I afford a vacation home?
- Is my portfolio structured to match my goals and my personality?
- Should I have more exposure to specific investments (i.e. global investments)?