Who Should Hire Us:
Anyone who needs a "check-up" of their finances to make sure they're on track to meet their goals, as well as a plan of action to reach those goals if it turns out they're off-track.
What We Do:
While we offer many different services, we recognize that some services that are crucial to one client’s Plan may not be necessary to another client’s Plan. After having a discussion with you regarding your needs and objectives, a decision is made regarding which services you require. Some of those services may include, but are not limited to:
- Asset allocation review and recommendations (i.e. Investment advice)
- Budgeting and cash flow analysis
- College savings planning
- Estate plan evaluation
- Insurance coverage review
- Long-term care review
- Retirement planning
- Tax-efficiency evaluation
The Plan will be based on the information you supply to us during our initial fact gathering interview. We will explain to you our findings and recommendations so you can get the most value from our services.
Please note that the services we provide do not include the implementation of our recommendations. While we will assist where possible, it is up to you to implement the Financial Plan we create for you.
How We Get Paid:
I believe that paying for financial planning on an hourly, fee-only basis is in the best interest of most clients. By paying for my services in this manner you are assured that you are only paying for what you need, and nothing more. Most other financial planners make their money based on the products they “sell” to you or the percentage (usually 1 – 2%) of investable assets they manage. That is why many planners won’t take clients with less than $500k to $1million to invest. ($1million x 1% = $10,000 fees per year.)
In addition to only paying for services which you need, another benefit of paying hourly for services rendered is that I have no conflict of interest regarding the products and services I recommend. You can have confidence knowing that if I recommend something to you, it is because I feel it is in your best interest. Being a CFP® means that I am a “fiduciary”. “Fiduciary” is a fancy word that means nothing more than I must act in your best interest, placing your interests above my own. It’s a simple concept, but a powerful one.
Our goal is for the monetary benefits of creating your long-term financial plan to more than offset the cost of our services.
The rate is $200/hour. This is applied to the initial meeting and its preparation, the research and preparation of your Financial Plan, and your follow-up meeting. Plans usually cost between $1,000 to $3,000, depending on their size and complexity.
We, again, want to emphasize that we do not get compensated from any of the products we recommend to you. We work for you and only make recommendations that we feel are in your best interest…not ours.