Financial Services Overview
CFP®* Financial Services
Comprehensive Financial Planning^
We have found that one of the best ways to realize your hopes, dreams & goals for the future is to plan for them. Our financial lives are made up of many moving parts, having a financial plan that takes a holistic approach can provide actionable steps to help you achieve your goals while giving you clarity and peace of mind.
Our lives are dynamic and full of experiences, we believe financial planning should also be an experience. This is why we make our entire process fun & engaging, committing to build a financial plan that helps improve your quality of life.
In our practice we call this a "Results by Design Financial Plan."
By planning for the future results we desire, the financial planning process becomes an interactive experience, one where the design of your life and financial plan take shape and become real. This makes planning fun, measurable, and organized, allowing you to enjoy & benefit from the process while putting the majority of your energy into your life's work and passions.
- We learn about and crystallize your hopes, dreams & goals
- We analyze and test your current financial plan to see if it will work
- Then, we test multiple ways you could handle your money to find the lowest cost, lowest risk ways of reaching your goals
- Finally, we find the plans that you like the most, can blend them however you feel most comfortable, and test them to make sure they meet all your needs
- In the end, you can choose whatever plan makes you feel the most comfortable. You will have seen all the results and how they help you plan for the worst, so you can hope for the best, making a plan that works - and that you feel really good about, simple and easy
To do this type of planning we charge a planing fee (see below) so there are no surprises. You pay nothing up front. We use a financial planning agreement that spells out what we will do, what the fee is, and will not invoice you for the financial plan unless your are 100% happy & satisfied.
Here is how we charge for your financial plan:
Our financial plans are priced based upon your net worth, excluding your primary residence.
Once you have a completed financial plan you are free to implement the recommendations with whomever & wherever you wish. If you should feel comfortable enough with us and our process, you may also implement with us, yet there is absolutely no obligation to do so.
Additional Solutions Available
Adviser Fees charged to manage your investments*
*Additional Money Manager, 12b1, and Expense Ratio Fees may apply
$0 -$1,000,000 0.75%
$1,000,000 - $5,000,000 0.65%
Over $5,000,000 0.40%
Risk/Insurance Based Solutions
Depending on your individual needs, it may be necessary to use an insurance based product. These products come with their own fees which will be explained in detail. These products pay a commission, set by the issuing company, which we are happy to disclose upon request.
What does a financial plan look like?
I have prepared the following sample financial plan so may better understand some of the planning we can cover and how it will look to you in the financial plan. Keep in mind that each financial plan is different, based upon the specific situation and needs of a client. The following sample is a good example of the type of work we do for our clients. Please feel free to ask about how a financial plan can help for your situation.
The foundation to any financial plan is to make sure you have protected all that is important to you, your business, and your family. You have worked hard for what you have, we work with you to protect it. Through the use and leverage of a variety of insurance based solutions, we can help you guard your assets from a variety of 'what if' scenarios.
Building wealth can be done in a variety of ways, everything from saving in a retirement account to creating wealth in a business you are building. We work with you to figure out what the most appropriate accumulation strategy (or strategies) are and how best to implement them.
RETIREMENT INCOME STRATEGIES
People are living longer than ever before, with it not uncommon for us to reach age 100 or beyond! Planning for a retirement than can last more than 25 years requires skill and precision to make sure you are planning for your longevity. We work with you to design a retirement income strategy that lasts as long as you do, with flexibility for life's uncertainties along the way.
IRA & 401K ROLLOVERS
People are changing jobs more now than ever before. What should you do with your old 401k & IRA retirement accounts when you change jobs or retire? We work with you to figure out what makes the most sense for you and your retirement account in light of your overall financial plan.
Before rolling over the proceeds of your retirement plan to an Individual Retirement Account (IRA) or annuity, consider whether you would benefit from other possible options such as leaving the funds in your existing plan or transferring them into a new employer’s plan. You should consider the specific terms and rules that relate to each option including: the available investment options, applicable fees and expenses, the services offered, the withdrawal options, the potential flexibility around taking IRS required minimum distributions from the option, tax consequences of withdrawals and of removing shares of employer stock from your plan, possible protection from creditors and legal judgments and your unique situation.
TAX MINIMIZATION STRATEGIES
Taxes can be one of your biggest costs throughout your working and retirement years, thus your future income can be greatly impacted. There are several tax minimization strategies that you may be able to incorporate into your overall financial plan. We work with you to determine strategies could help you keep as much of your income as possible.
MANAGING COSTS FOR EXTENDED PERIODS OF CARE
With the average life span of people increasing, statistically many people in retirement will need some level of extended care services in their lifetime. The cost of needing such care can wipe out a lifetime's worth of saving in only a couple of years. We work with you to create an extended care plan that could help protect your assets and help cover the costs associated with a long term care event.
Leaving a legacy means different things to different people. You may want leave everything to your kids and grandkids, or donate your wealth to charity. Regardless of your legacy wishes, it requires careful planning, sometimes years before the transfer of assets actually happens. We work with you to design a legacy plan while trying to make it is as tax-efficient as possible.