Services and Pricing

 

Our Services

Comprehensive Financial Planning

This service involves working one-on-one with a planner over an extended period of time. By paying a fixed monthly fee, clients get to work with a planner who will work with them to develop and implement their plan. The planner will monitor the plan, recommend any changes and ensure the plan is up to date.

Upon desiring a comprehensive plan, a client will be taken through establishing their goals and values around money. They will be required to provide information to help complete any of the following areas of analysis as they may apply to their situation: net worth, cash flow, insurance, credit scores/reports, employee benefits, retirement planning, investments, college planning and estate planning. Once the client's information is reviewed, their plan will be built and analyzed, and then the findings, analysis and potential changes to their current situation will be reviewed with the client.

Clients subscribing to this service will receive a written or an electronic report, providing the client with a detailed financial plan designed to achieve his or her stated financial goals and objectives.

If a follow-up meeting is required, we will meet either in person or virtually at the client's convenience. The plan and the client's financial situation and goals will be monitored throughout the year and follow-up phone calls and emails will be made to the client to confirm that any agreed upon action steps have been carried out.

On an annual basis, there will be a full review of this plan to ensure its accuracy and ongoing appropriateness. Any needed updates will be implemented at that time.

Project Based Financial Planning Services

You can decide to address one or more of the projects listed below for one time evaluation and recommendations. Fee will vary depending upon the project/projects and complexity.

  • Budgeting/Savings

  • Risk Management

  • Debt Management

  • Retirement Plan

  • Tax Management

  • College Savings

  • Estate Plan

Investment Management

We primarily practice passive investment management. Passive investing involves building portfolios that are comprised of various distinct asset classes. The asset classes are weighted in a manner to achieve the desired relationship between correlation, risk, and return. Funds that passively capture the returns of the desired asset classes are placed in the portfolio. The funds that are used to build passive portfolios are typically index mutual funds or exchange traded funds.

Passive investment management is characterized by low portfolio expenses (i.e. the funds inside the portfolio have low internal costs), minimal trading costs (due to infrequent trading activity), and relative tax efficiency (because the funds inside the portfolio are tax efficient and turnover inside the portfolio is minimal).

In contrast, active management involves a single manager or managers who employ some method, strategy or technique to construct a portfolio that is intended to generate returns that are greater than the broader market or a designated benchmark. Academic research indicates most active managers under-perform the market.

Where appropriate and/or at the request of the client, some actively managed mutual funds or individual stocks may be included in the portfolio.

Pricing

Comprehensive Financial Planning

Comprehensive Financial Planning consists of an upfront charge of $600.00 and an ongoing fee that is paid monthly, in advance, at the rate of $140.00 per month. The fee may be negotiable in certain cases. Fees for this service may be paid by electronic funds transfer or check.

This service may be terminated with 30 days’ notice. Upon termination of any account, the fee will be prorated and any unearned fee will be refunded to the client.

The upfront portion of the Comprehensive Financial Planning fee is for client on-boarding, data gathering, and setting the basis for the financial plan. This work will commence immediately after the fee is paid, and will be completed within the first 30 days of the date the fee is paid.

Financial Planning Fixed Fee

Financial Planning will generally be offered on a fixed fee basis. The fixed fee will be agreed upon before the start of any work. The fixed fee can range between $1,000.00 and $2,600. The fee is negotiable. If a fixed fee program is chosen, 1/3rd of the fee is due at the beginning of the process, another 1/3rd of the fee one month after the beginning of the process and the remainder is due at completion of work. Fees for this service may be paid by electronic funds transfer or check. Upon termination, the one third of the fee that is due up front is non-refundable and any payment afterwards will be refunded on prorated basis.

Investment Management Services

Our standard advisory fee is based on the market value of the assets under management and is calculated as follows: (Our minimum account requirement for portfolio management is $25,000).

Account Value: Annual Advisory Fee

$0.00 - $500,000: 1.00%

$500,001 - $1,000,000: 0.85%

$1,000,001 - $2,000,000: 0.70%

$2,000,001 and Above: 0.50%

The annual fees are negotiable and are pro-rated and paid in arrears on a quarterly basis. The advisory fee is a tiered fee and is calculated by assessing the percentage rates using the predefined levels of assets as shown in the above chart and applying the fee to the account value as of the last day of the previous quarter. No increase in the annual fee shall be effective without agreement from the client by signing a new agreement or amendment to their current advisory agreement.

Advisory fees are directly debited from client accounts, or the client may choose to pay by check. Accounts initiated or terminated during a calendar quarter will be charged a prorated fee based on the amount of time remaining in the billing period. An account may be terminated with written notice at least 30 calendar days in advance. Since fees are paid in arrears, no rebate will be needed upon termination of the account.