What's included?
This service includes:
- creating your complete financial picture
- organizing all assets and liabilities on a net worth statement
- helping you prioritize individual goals
- choosing appropriate saving strategies that minimize taxes
- preparing retirement analysis to determine whether you are on the right track to cover living expenses in retirement
- reviewing your investment portfolio for appropriate asset allocation and tax-efficiency
- conducting tax planning and proposing tax mitigation strategies (example: Roth IRA conversion)
- performing equity compensation analysis, if applicable
- reviewing employee benefits to ensure appropriate coverage is elected
- reviewing insurance policies such as life, disability, auto, home, and umbrella to ensure adequate protection
- reviewing estate planning documents
- conducting individual short- and intermediate-term goal analysis (e.g., college planning)
Typical engagements last between 2 and 6 months and include 4-5 virtual meetings. The implementation stage typically lasts between three and eighteen months and includes a series of tasks for both the client and the financial planner to complete.
What are the fees?
The initial fee ranges between $5,000 and $10,000. The ongoing engagement fee ranges between $350 and $700 per month during the implementation period and is based on complexity and client situation.
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