Financial Planning
Wherever your goals lead, we are dedicated to helping you achieve them so that you are ready to embrace the next phase with confidence and ease.
- We will help you organize all your finances to understand where you stand.
- Create and monitor your financial plan to provide a framework for quantifying financial decisions.
- Establish and manage spending strategy to provide income for retirement.
- Establish a savings strategy for your retirement or other financial goals.
- Prepare income tax projections to develop and implement appropriate tax mitigation. [1]
- Provide guidance on all financial matters, including decisions on claiming Social Security, pensions, portfolio withdrawals, required minimum distributions, tax strategies, insurance needs analysis, charitable distributions, healthcare, and estate planning. [1]
Tax Planning
While our clients are patriotic, they aren’t interested in paying more than their fair share in taxes.
- We will review your tax return annually - working on reducing your tax liability now and in the future, including tax bracket management, adjusting tax withholding, Roth conversions, optimizing and coordinating income with tax-sensitive items (e.g., Medicare premiums and capital gains taxes). [1]
Investment Management
Our investment philosophy is grounded in Nobel Prize-winning academic research. The benefits for you: peace of mind and better odds of long-term investing success.
- Acting in a Fiduciary capacity (i.e., in your best interest).
- We will implement a tax-efficient, cost-effective investment strategy grounded in Nobel Prize-winning academic research using mutual funds and ETFs from Dimensional Fund Advisors (some of which are not available to retail investors). [2]
- Align your investments with your goals.
- Review your portfolio on an ongoing basis, making adjustments as needed, such as rebalancing, tax loss harvesting, maximizing tax efficiency, and reducing costs.
Fees
$4,000 - $12,000 per year per client relationship.
According to a 2019 study, the industry average investment advisory fee is 0.96% annually [3]. It means that the investor with a $2 million portfolio may pay $19,200 annually to the advisor managing the investments ($3 mil. = $28,800 annually; $4 mil. = $38,400 annually; etc.).
We know from experience that it does not cost a firm more to manage a portfolio of $4 million than a portfolio of $2 million. Why, then, should clients pay more to receive the same services?
We offer simple and transparent flat-fee investment management. The amount generally ranges between $4,000 and $12,000 annually and is based on the complexity of your financial situation and the services we provide, not on your assets.
The difference between a typical 0.96% investment advisory fee and a flat annual retainer fee over a long period can be overwhelming. Suppose we assume a 7% return on a portfolio [4]. In that case, a 0.96% advisory fee can cost an investor with a $2,000,000 portfolio over $1,000,000 in lost returns over twenty years compared to a flat annual retainer fee of $8,000.