Your Purposeful Money Plan starts with you
When we advise you, we always start with the “why.” We can’t help you make the best decisions for your finances unless we understand where you want to go. So we ask a lot of questions and we are very interested in hearing your story. Those details may seem off track, but really, they help to create the track.
Smart financial planning considers all the pieces of your finances, not just one or two. While each part of your plan has its own purpose, none exist in a vacuum; they are dependent upon each other. Through our Purposeful Money Plan process, we look at your entire financial picture and make sure the pieces add up to be an effective, purposeful whole.
We map that out for you with our LifeHub.
Safe spending guardrails: the backbone of a successful retirement plan
When heading into retirement, the big question on everyone’s mind is “will I run out of money?” Our retirement income guardrails show you how much can be spent safely, under what circumstances you might have to take a pay cut, and how much – or in good times, give yourself a raise. We continuously monitor your plan against current conditions and alert you when those adjustments should be made.
Knowing how much you can spend is only part of the puzzle. You’ll also need to know where to get it. With our tax expertise, we can advise you as to the smartest places to draw from, such as your 401k, IRA’s, or savings accounts, and in what order, coordinating with the timing of claiming your Social Security, sidestepping Medicare surcharges, and taking advantage of Roth conversions when appropriate.
Savings and investment management: the growth engine of your plan
In implementing your plan, every dollar has a purpose, and we’ll show you where the dollars saved should go. We’ll develop an investment strategy to grow your money based in academic research, with a steady long term approach that is purposeful, steering clear of market timing and stock picking. We’ll be as tax smart in choosing which investments go into which account as we will be when we draw them out later in retirement.
Pricing
Our wealth management services - the Purposeful Money Plan - includes both ongoing investment management and financial planning. While we don't have an asset management minimum, we do have a minimum annual fee of $5,000, which is comprised of a combination of asset management fees plus a financial planning fee. Our investment management fee schedule is below. Investment management fees are debited quarterly from the accounts we manage. For clients for whom we manage at least $500,000 in assets, the financial planning fee is waived. Tax return preparation may be included if desired.
Assets Under Management |
Annual Advisory Fee |
$0 - $1,000,000 |
1% |
$1,000,001 - $2,000,000 |
0.8% |
$2,000,001 - $3,000,000 |
0.6% |
$3,000,001 and Above |
0.4% |
For example, a client with $200,000 in assets managed will pay $2,000 annually in advisory fees plus $3,000 in financial planning fees. A client with $500,000 in assets managed will pay $5,000 in advisory fees and the financial planning fees would be waived.
Next Steps
Contact us today to schedule an introductory phone call.