Our "As-Needed" "Hourly" Service
This program is for clients who would like us to address their
financial goals and concerns but are willing to handle the implementation of
our recommendations themselves. Phone support will be available for a period of
sixty days commencing with the Presentation meeting. During this period, we
will answer your questions as you implement your plan.
A Typical Engagement
Initial Inquiry - When you contact us,
we'll provide a brief description of our services, philosophies, methodology
and fee structures. We'll direct you to our web site or mail you an
introductory packet to help you learn more. If our services appear to fit your
needs, we'll schedule a Get Acquainted (G/A) meeting.
Before the G/A Meeting - Clients are asked to complete a
Confidential Questionnaire and a
Planning
Goals Questionnaire.
Get Acquainted Meeting - This
session is an opportunity for us to exchange information about your needs and
objectives and further discuss which of our services are right for you. We'll
provide an estimated fee quote. We will also give you a list of additional data
we will need to begin formulating your financial plan.
Data
Gathering - When you decide to engage our services, you may fax, mail
or drop off the additional data that we requested at the G/A Meeting. One half
of the estimated total fee or $500, which ever is less, is due at this time.
After we receive your information, we begin to review and develop your
financial plan on a "first-come, first-served" basis.
Interactive
Goal Setting and Data Verification - In this step, we analyze the
information you have provided thus far. We may contact you by phone, fax,
email, regular mail or ask you to come in for a meeting to clarify some of the
data.
Analysis and Plan Formulation - We edit the initial
information, as needed, and run additional scenarios, if applicable. We then
conclude our research and analysis, and produce final reports for your personal
financial plan, adding our observations and recommendations. We will call you
to schedule a meeting for the presentation of your plan.
Presentation Meeting - We present and review your
personal financial plan with you. We discuss all reports and provide you with a
written summary of our observations and specific recommendations. At this
point, you will hold a personalized blueprint, custom designed to meet your
financial goals. Full payment of the balance for actual fees incurred is due at
the conclusion of our plan presentation meeting.
Plan
Implementation and Follow-up - Proper implementation is crucial to
reaching your financial goals. Whether you implement and monitor the plan
yourself, or contract with us to assist you, we urge prompt action. At the
conclusion of our engagement;
- You elect to continue on an as-needed
basis. There is no obligation to engage us further.
- You call whenever you wish to initiate
services (for instance, market conditions or circumstances within your life
change).
- If you wish, we can be proactive in
reminding you to schedule periodic reviews. Many clients like to come in for "6
month check-ups" or "annual update visits".
- Once we remind you that you are due for a
review, you are responsible for calling us to set it up.
- We expect you to always initiate further
follow-up action.
This process is illustrated in the
Seven Steps
Flowchart.
Additional information is also provided in the
FAQ's section of our site.
FEE:
The fee is based upon the complexity of the client's situation.
Typical Fee Range:
$250 to $1,000 for guidance and
advice on specific issues (not a detailed financial plan, e.g., portfolio
review and recommendations, educational funding, etc.);
$1,000 to
$4,000 for comprehensive planning. The planning depends primarily on the client
situation and planning areas requested.
Duration of the
Engagement:
Typically this engagement will last between 1 to 3
months but this largely depends on how quickly the client delivers the
additional data that is requested during the G/A Meeting and Data Verification
steps.
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