Financial Planning Services Tailored to Your Needs:
We provide fee-only financial planning and investment advice services on an hourly or project-basis. Typically, new clients start out on a project-basis. And returning clients on an hourly basis.
New Clients: Please note that at this time, we are only taking on new clients looking for Mid-Career Financial Planning or a Retirement Planning Engagement.
Mid-Career Financial Planning
These sessions are typically appropriate for those in their mid-to late 30s or in their 40s who are juggling multiple financial priorities.
We will measure your progress toward retirement and other financial goals and help you to prioritize and stay on track.
Topics typically include investment planning, tax planning, cash flow, insurance, retirement planning, and estate planning in addition to any other topics relevant to you such as college planning or purchasing a home.
In terms of investment planning, we will look at your current asset allocation across all of your investment accounts and address any changes that are needed in terms of rebalancing, reducing costs, and maximizing tax efficiency through an appropriate asset location strategy. Asset location refers to holding the right assets in the right account types.
These sessions are designed to focus on your specific needs and typically consist of a 90-minute meeting and a 30-minute follow up meeting.
A detailed summary memo is provided after the 90-minute meeting containing specific recommendations, action items and additional resources.
$2,500 - $3,000 for single clients depending on the complexity of your situation.
$3,000 - $4,000 for couples depending on the complexity of your situation.
Retirement Planning
For pre-retirees in need of retirement planning and investment advice, a typical engagement usually consists of two separate meetings. The first is focused on running retirement planning projections, what if scenarios, and Social Security timing. And in the second meeting we will tackle asset allocation, investment rebalancing and tax efficient withdrawal strategies.
You will come away from the process with detailed cash flow projections for various scenarios along with an accompanying summary memo, in addition to a to do list to implement any recommended investment recommendations, and a summary of recommended withdrawal strategies.
$3,500 - $4,500 for single clients; $4,500-$5,500 for couples. Please see estimates below based on total investable assets:
Investable Assets: Estimate for Single Client: Estimate for Couples:
Under $2,000,000 $3,500 $4,500
$2,000,000 - $5,000,000 $4,000 $5,000
Over $5,000,000 $4,500 $5,500
Returning Clients
After an initial engagement, clients may wish to periodically consult with RWFP on specific questions, issues or decisions that may arise including periodic rebalancing. These services are charged on an hourly basis of $350/hour. The advisor and client will enter into an agreement that details the scope of the relationship and responsibilities of both parties. Typical follow up engagements are 2.5 - 4.0 hours including preparation time, meeting time, and time to write detailed recommendations for you including any needed rebalancing trades.
Getting Started
Before any services are provided, you (the client) and I will mutually discuss the scope of the work needed. From there I will provide you with a firm quote of what it will cost and you can decide whether to proceed.
Whether you need a one-time engagement or an ongoing relationship, I am committed to working to meet your needs and providing actionable financial planning advice.
