We provide comprehensive financial planning services on an ongoing basis or for a limited engagement. Comprehensive financial planning involves looking at the complete financial picture and tying in all of the factors that weigh in on financial decisions. We help our clients develop a vision of where they want to go, then we help them put appropriate plans in place to make their vision a reality.
Have you ever wondered how you were going to figure out how to save for retirement, pay for education, care for aging parents and figure whether the alternative minimum tax might affect you next year? Have you ever wondered how you can enjoy your retirement savings while making sure you’re not likely to run out of money? Comprehensive financial planning is the only way to effectively and efficiently deal with multiple complex financial issues.
Determine and prioritize goals
Analyze goals and explore alternatives
Develop a customized plan
Implement the plan
Review your situation periodically to keep your actions in line with your plan
Revamp the plan each year to stay on course
Evaluate current financial status (starting point).
Plan for emergencies (Cash Reserve and Insurance Planning).
Other risk management strategies using diversification, hedging, liability issues and asset ownership (individual, joint, business entities, and trusts).
Plan for specific goals (new business, education funding, retirement, vacation home etc.).
Develop tax strategies.
Create a legacy plan to efficiently transfer your wealth during or after your lifetime (Estate Planning).
In many cases, a client's Financial Planning fees may be integrated with thier Asset Management fees. For some clients hourly or flat financial planning fees may be more appropriate. Depending on the complexity of the case, we charge up to $225 per hour for consultations. For comprehensive financial planning services we may negotiate a flat fee which will be commensurate with the time involved and the hourly rate. A flat rate or a percentage of assets schedule can help reduce a client’s worries about making changes and asking questions. Flat fees typically range from $2,500 to $6,000. We will give you advice on your financial concerns, including, but not limited to: investments, taxes, insurance, retirement and estate planning.