On Your Financial Journey

Your Road Map to Your Financial Goals

Your Financial Plan is your road map or game plan to your financial goals. We work with our clients to help them establish and define realistic and achievable financial goals. We do so by analyzing your current situation, learning about your specific goals, and finding ways to reach these desired goals.  In summary, your financial plan defines where you are now, where you want to be, and how you plan to get there. Not only do we help develop your financial road map, we also stay on the path with you.  We periodically check up on your progress toward goals, and recommend changes in direction when needed.

Depending on your specific situation and needs, your Comprehensive Financial Plan will include answers to questions like,

“How much should I be saving for retirement?”

“When can I retire?”

“How much can I safely withdraw for retirement income?””

“How much should I save for college funding?”

“What kind of life insurance do I need, and how much?”

“How should my savings be invested?”

“What types of accounts will give me the most tax benefits?” 

“What legal / estate planning documents do we need?”

 As your life changes, your goals and situation may also change. When this happens, and it does sometimes abruptly and unexpectedly, we recommend a full Financial Plan Update. During this process we re-evaluate your situation, adjust your goals, and make changes to your financial road map.

Optimized Investment Portfolios Based On Your Chosen Risk Level

Our portfolios are “Optimized” to maximize investment earnings available at each level of risk. Portfolio Optimization is based on the principles of Modern Portfolio Theory, which emphasizes diversification across a broad spectrum of investment classes, in order to maximize return and minimize risk.

Before helping you decide which portfolio to use, we clarify the purpose or goal for each of your accounts. We also try to determine your true tolerance for risk, which is basically how much you worry when investment values make big swings up or down. We then guide and advise on which portfolio option to choose, but the final decision is always yours.

After helping you choose the right portfolio for you, we implement your portfolio by:

– Opening new accounts

– Transferring or rolling over existing accounts

– Investing your funds according to the chosen portfolio

– Investing new deposits

– Making sure cash is available for planned withdrawals

– Rebalancing as needed to make sure your accounts stay in the right allocation

– Rebalancing is the disciplined way to take gains on assets that have grown and reinvest in assets that are low. This forces the process of buying low and selling high.

– Delivering quarterly portfolio reports so that you can monitor your progress

– Delivering end of year tax information on taxable gains or losses

– Meeting with you at least once a year to review your portfolio and make any needed changes

Our Fees Are Simple, Direct, and Transparent.

Financial planning services are billed at $90 an hour. In practice, we rarely bill for all the hours that are spent developing a client’s financial plan. Our intention is to provide a comprehensive financial plan for a total fee of $600 to $1,200. Financial plan updates generally take less time than the original financial plan, and therefore, the total fee is less. Financial plans at many advisory firms cost in the range of $2,000 - $3,000. For middle-income investors a fee of $2,000, or more, is just out of their affordability range. That’s why we have purposefully set our planning fees below the industry norms. We want to make objective, fiduciary financial advice available to everyone.

Limited scope consultation services are billed at $120 an hour.

For our investment management services, we bill our management fees quarterly, directly to the investment accounts that we are managing. Our investment management fee is .75% of the account value per year. That's equal to $75 per $10,000 managed. Typically, investment advisory firms charge fees of 1% to 2% of assets managed, and impose a minimum account size of $500,000. We’ve intentionally set our investment management fees below the industry norms, and we don’t impose any minimum account size to use our services.