HOLISTIC PLANNING & INVESTMENT MANAGEMENT:
Life is an ongoing process and so is effective financial planning. While many of us have great intentions about managing our financial lives, rebalancing our investments, etc., but with everything else on our plates, we tend to fall short when it comes to actually doing it on a regular basis, with a consistent strategy.
Thoughtful Journeys is holistic, broad-ranging, ongoing financial planning, coaching, and investment management for a monthly fee.
Thoughtful Journeys includes, at a minimum, the following:
- Initial meeting (all meetings may be in person or virtual) – up to two hours
- Follow up meeting to deliver and discuss initial recommendations – up to 120 minutes
- Written financial planning recommendations (paper and/or electronic) – updated annually
- Follow up meetings are scheduled online by the client as needed or preferred, but at least 1 time per year. Although we may meet more frequently in the first few months, meeting 1-4 times per year is typical to check on progress and adjust recommendations as life, financial or otherwise, continues to evolve – meetings are generally 60-120 minutes long
- Regular accountability check-in emails to help client stay on track are available upon request
- Phone or email access to answer questions
- Ongoing non-discretionary asset management (see Asset Management
- Ongoing access to me to help address questions affecting your financial life as they emerge
Generally your monthly fee will be the larger of:
- 1% of the balance of your total savings and investment assets divided by 12 (discounted rates apply on asset levels over $500,000 click here for details, refer to page 8)
- Or a minimum fee of $200/month for a single person, $300/month for a couple (or a married person planning individually).
HOURLY LIMITED SCOPE PLANNING:
For those who prefer an hourly billing approach and/or work of a more limited scope, my financial consulting services are also available at a rate of $250 per hour.
FLAT FEE LIMITED SCOPE PLANNING:
Thoughtful Steps is limited term project-based planning and consulting for a fixed fee.
There are 4 tiers of this service:
● Tier 1: A flat fee of $750 for planning/consulting of a scope that would be appropriate for us to attempt in 3-4 billable hours.
● Tier 2: A flat fee of $1,250 for planning/consulting of a scope that would be appropriate for us to attempt in 5-7 billable hours.
● Tier 3: A flat fee of $2,000 for planning/consulting of a scope that would be appropriate for us to attempt in 8-10 billable hours.
● Tier 4 - Custom: A negotiated flat fee based the estimated number of billable hours required to complete the planning work requested.
Thoughtful Steps, like hourly planning, is a great fit for do-it-yourselfers who would like a professional opinion on or help with just a small piece of the puzzle. It's also a great fit of those who are new to financial planning and want to get a feel for how financial planning can help them before undertaking more broad-ranging planning.
Fees will be agreed upon in advance. The fees for Thoughtful Journeys, Thoughtful Hours, and Thoughtful Steps are separate from, and in addition to, any trading or transaction costs. These costs may vary and are generally paid by you directly to the institution where the assets are held.
For additional detail about our financial planning and investment management services please refer to my Form ADV and the Financial Planning and Consulting Agreement on my Disclosures/Forms page.