Specific Financial Planning: I am available to prepare a defined/focused scope to assist you with a specific personal financial goal, and supply analysis and recommendations as to the actions and strategies necessary to attain that goal. I will work with you to collect the pertinent data, interview you and your partner, and develop a written financial plan. Detailed investment advice and selection of investment funds may be part of the financial plan. The fee for this type of service typically ranges from $600 to $2500 depending upon the complexity of a client’s financial situation. The specific financial plan may include such things as:
- personal budgeting
- cash flow analysis
- retirement planning
- education planning
- divorce financial analysis
- life and disability insurance evaluations
- estate planning issues
Hourly Financial Consultation: I am also available to work with you on an hourly basis, typically at a rate of $95/hour.
Investment Supervisory Services: Many financial advisers suggest that long-term investing requires regular management and constant adjustments, and thus offer investment management services for a fee based on a percentage of your assets. I believe that once you have properly set up your investments, based on your tolerance for risk and your goals, some monitoring is in order but in most cases few adjustments are needed during the year. As a result, I offer to work with clients to establish an investment policy statement (IPS) that lays the ground work to establish a proper portfolio asset allocation based on their risk tolerance and investment time horizon. If desired, I can assist clients in making periodic adjustments to their portfolio through a limited power of attorney arrangement, such as in annual or semi-annual rebalancing of the portfolio. The fee for creating the IPS and establishing a proper asset allocation is $500 or less. Compensation for periodic monitoring and rebalancing of the portfolio is paid at the rate of $95/hour based on actual time required.