Ongoing financial planning is exactly what it sounds like: financial guidance on the regular. Life changes constantly – the same goes for your finances. With ongoing financial planning, you’ll get recommendations based on your unique financial situation. We’ll meet every quarter to keep your financial plans fresh, and I’m here to help you get things done.

Here’s the process:

After signing on, we’ll have two meetings in the first month. These meetings help determine what your financial priorities are.

• The first meeting is an organizational meeting to go over your financial resources and goals.
• The second meeting is a cash flow meeting to assess money coming in, money going out, and discuss savings and budgeting strategies.

From there, we’ll meet every quarter. A typical schedule looks like this:

• January – set goals for the year
• May – tax filing review, cash flow planning
• July – goals check-in, investments review
• October – year-end tax planning, open enrollment decisions

During these meetings, we’ll also work on the priorities we outlined together on our first two calls. We’ll cover things like estate planning, insurance needs, and equity compensation decisions. We’ll update your financial plan as your life changes and keep in touch with legislation and tax updates.

If you have questions between meetings, I’m here for you. You can email me anytime with questions. If something bigger comes up, we can have an impromptu meeting.

The annual fee ranges from $5,400 to $6,450 for individuals and $6,200 to $8,600 for couples, depending on complexity. Billing is monthly, and payments can be made via credit card or ACH.

The following optional services are available to ongoing financial planning clients at an additional fee:

• Investment management services at a rate of 0.25% of the investment account annually (billed quarterly). There are no account minimums.
• Tax preparation services, fee dependent on complexity.

Ready to see how ongoing financial planning will change your life? Book a free introductory call now!

For Washington state clients only:

The above-noted fees do not apply to Washington clients. For clients based in Washington state, ongoing comprehensive financial planning consists of an upfront charge based upon our hourly rate of $350. Follow-up services and meetings will also be tied to our hourly rate of $350. The upfront portion of the fee is for client onboarding, data gathering, and the development and delivery of the financial plan. This work on the initial financial plan will commence immediately and will be completed within the first 120 days of the engagement. Therefore, the upfront portion of the fee will not be prepaid 6 months or more in advance of rendering the service. If no work is provided to the client or the work that is provided does not meet the required hourly threshold, the amount due will be reduced according to the work that was completed, and any unearned, prepaid fee will be refunded to the client.

Once the plan has been delivered to the client, we will continue to monitor the plan and will schedule additional meetings with the client as needed. The quarterly fee will be due in arrears, upon receipt of an itemized invoice disclosing the work completed and time spent over the previous quarter, tied to our hourly rate of $350, and payment is due promptly upon receipt of the invoice. The client will receive an invoice disclosing how the fee was calculated (number of and length of meetings, any additional financial plan research and documentation, as well as other agreed-upon work that was completed following the meeting) and the time period that the fee covers. The fee is negotiable in certain cases. Fees for this service are paid by electronic funds transfer. This service may be terminated with 30 days’ notice. In the event of termination of any agreement, any prepaid but unearned fee will be prorated and refunded to the client and any completed deliverables of the project will be provided to the client. The client will be billed for any earned but unpaid fees for work completed up to the date of termination.

For fees paid by electronic funds transfer, we use an independent third-party payment processor in which the client can securely input their banking information and pay their fee. We do not have access to the client’s banking information at any time. The client will use their own secure portal to make payments.