WHY do I work as a financial planner?
My father died of a heart attack when I was nine. Both he and my mother had grown up in large working class families where the month always lasted longer than the money. Both of my parents had worked hard to break into the middle class and build some financial security.
With my Dad gone, my Mom was now back to square one. The financial security she and my Dad had carefully built was gone.
She was alone, feeling scared and vulnerable. She needed the kind of help a skilled financial planner could offer. She needed a comprehensive plan – a road map – that would give her back control of her financial future and allow her to say “yes” to her and my dreams.
I strive to be the financial advisor that my mother needed and deserved, but never found.
HOW do I work with clients?
I work closely with my clients, to gain a holistic picture of their income and expenses, savings and investments, assets and debts. We discuss their current concerns and future goals. Together, we build a comprehensive financial plan to guide them going forward. And, of course, we revisit that plan annually, as life brings changes.
My clients can also elect to have me manage their investment portfolios using a mix of very low-cost index funds.
What FEES do I charge?
Building a thoughtful financial plan in which you can have confidence does take some time. Plans typically cost $4,000 – $5,000 to craft. Prior to getting started, I provide prospective clients a detailed proposal, outlining the scope of work to be done and the fees I’ll charge to build the plan – so my clients always know how much they’ll be spending upfront.
For wealth management, I charge 0.5% to manage portfolios up to $1 million in size and a reduced fee on amounts over $1 million.