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FINANCIAL PLANNING
Wealth Analytics provides financial planning and retirement planning services on a fee-for-service basis. Fees
for financial and retirement planning services range from $500 to $50,000 depending on the complexity of the analysis
needed. The first meeting is complimentary.
RETIREMENT PLANNING
Integrated retirement planning provides
an analysis of the client's financial resources in relation to retirement planning. This analysis includes the
development of an investment strategy specifically tailored to the client's financial goals in retirement. The
fee for a financial plan focused on retirement is typically $3,000 to $10,000.
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FOCUSED FINANCIAL PLANNING
Focused Financial Planning is limited
to those financial issues that the client feels are of the highest importance. That is, focused planning is directed
at the client's financial planning priorities. Focused Financial Planning may provide an analysis of areas such
as Cash Flow management, Insurance Planning, Investment Planning, or Retirement Income Planning. The fee for Focused
Financial Planning may be structured as a flat fee or it may be billed as an hourly fee (at $250 per hour with
a minimum fee of $500).The typical fee for focused financial planning is $1,500 to $3,000. |
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PORTFOLIO COACHING
Portfolio Coaching is a service designed
to help clients who would like a limited amount of help with their investments. Typically clients want to manage
their own portfolio, but would like a "second opinion." Portfolio Coaching provides the client with a
framework for making their own investment decisions. The fee for this service is $500 to $1,500 per year (depending
on the size and complexity of the portfolio). |
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THE PLANNING PROCESS
We treat each client as an individual
with a unique vision of financial success. Because we are committed to helping clients develop a financial plan
that reflects their goals, priorities and values, we explore the client's financial situation in depth. Our financial
planning process typically involves four meetings. |
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First Meeting: This meeting is an
informal conversation about the prospective client’s interest in financial planning. During this meeting we will
answer their questions, explain how we work with clients, and tell them what we would charge for the financial
planning services they are interested in. (About 1 hour.) This meeting is complimentary.
Second Meeting: This meeting is
devoted to gathering information about the client’s financial life. During this meeting we will review their financial
documents and lead them through a structured fact finding process. We will also discuss their financial goals,
values, and priorities. (About 2 hours.)
Third Meeting: This meeting is devoted
to presenting the client’s financial plan. We will review the plan and answer any questions they may have. Once
we have arrived at a common understanding of the recommendations in their plan, they will take the plan home so
that they can continue to evaluate our recommendations. (About 2 hours.)
Fourth Meeting: This meeting is
devoted to implementation. In this meeting, we will discuss how to implement those recommendations that the client
agrees with. We will also revise any information in the plan that is not accurate, and answer questions they may
have. Typically, we will set up an appointment to confer with them in one year. We believe that financial planning
is a process –financial circumstances change and plans need to be updated on an on-going basis.
Ongoing Advice: During the course
of the year following the presentation of the plan clients can ask for advice on any topic discussed in the planning
process. |
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