Financial planning starts with understanding how the different parts of your financial life work together.
Most new clients begin with a comprehensive financial planning engagement designed to evaluate the decisions in front of you and develop coordinated recommendations based on your goals and circumstances.
Comprehensive Financial Planning
A comprehensive financial plan evaluates your financial picture, addresses the important questions you are facing, and brings the recommendations together into a clear roadmap for moving forward.
Pricing
Comprehensive financial planning is generally structured as a one-time engagement, with most fees ranging from $5,000 to $10,000 based on complexity and scope. Your fee is established before the engagement begins, so you will know the full cost upfront.
What Happens After the Plan?
Once your comprehensive plan is complete, you can decide how you would like to move forward with implementation and ongoing support. Clients generally take one of two paths:
Implement Independently
You take responsibility for implementing the recommendations and generally reach back out when you would like additional guidance or when circumstances change.
Ongoing Financial Planning
Ongoing planning is proactive. We remain engaged as your financial life evolves, help see recommendations through, and identify planning opportunities as they arise. This may include tax planning, retirement decisions, updated retirement projections, cash flow and withdrawal planning, plan updates, and coordination with tax, legal, insurance, and other professionals.
Pricing
Most ongoing financial planning relationships range from $5,000 to $8,000 per year, based on complexity and the level of ongoing support required. The annual fee is generally billed quarterly in arrears, with monthly billing available.
Investment Management
For clients who prefer to delegate investment implementation and ongoing portfolio management, investment management is available alongside ongoing financial planning and is priced separately.
Learn More About Investment Management →
Areas We May Address
Depending on your circumstances and the questions you are trying to answer, comprehensive planning may address areas such as:
Cash Flow andTax Planning |
Cash Flow Management, Employee Benefits, Tax Planning Opportunities, Emergency Reserves, Debt Management, Major Financial Decisions |
Insurance andEstate Planning |
Life, Disability, Health, Property & Casualty, Liability and Long-Term Care Insurance; Beneficiary Reviews and Estate Planning Considerations |
Savings and Investment Strategy |
Savings Priorities, Education Funding, Major Purchases, Taxable Investing, Asset Allocation, Portfolio Review and Tax-Efficient Investment Strategy |
Retirement Planning |
Retirement Readiness and Timing, Social Security, Retirement Income and Withdrawal Strategies, Roth Conversions, Required Minimum Distribution Planning, Medicare and Healthcare Planning |
Giving andLifestyle Planning |
Charitable Giving, Family Support, Travel and Lifestyle Goals, Meaningful Spending Decisions |
Business andFarm Planning |
Business Retirement Plans, Business and Farm Transitions, Equipment and Asset Sales, Farmland and Real Estate Decisions, Succession and Ownership Planning |
Limited-Scope Financial Planning
Some financial questions do not require a comprehensive planning engagement. For one or two clearly defined financial issues, a limited-scope engagement may be appropriate. Limited-scope planning is generally billed at $300 per hour, with the expected scope discussed before work begins.