The process begins with a discussion to identify your financial goals and objectives so we can determine together how best we can be of service to you. From there, we gather all relevant financial and personal data, including tax returns, investment statements, net worth and cash flow statements, to obtain an in-depth understanding of your situation. After a thorough review of your information, we prepare a personalized written report summarizing our analysis and recommendations.
With a detailed report in hand, the next step is to implement our recommendations. You can implement the plan yourself or we can help guide you through the process. If another professional is needed, we are happy to provide a referral. However, we do not accept any form of compensation for any referrals if you decide to work with these third parties.
Once you have a financial plan, you may decide you have what you need to navigate your financial future. However, you may decide to return for periodic check-ups. How and when you engage us is absolutely up to you.
Personal Financial Planning (Hourly)
The cost for personal financial planning services varies significantly, depending on your specific needs. Some consultations involve addressing a specific question (how much home can I afford), while other engagements result in a comprehensive financial plan. Fees are based on the time spent discussing your financial circumstances, researching and analyzing the issues, and the development of the recommendations and final written plan. The hourly rate is $300, and most plans range in price from $2,000 - $5,000. If you are interested in advice on a specific area of personal finance, the cost will likely be less.
Active Portfolio Management (Percentage of assets)
The cost for active portfolio management services depends on the size of your portfolio. Fees start at less than 1% and details can be found in the accompanying Firm Brochure (ADV_Part_2A).