Ongoing Financial Planning
Together, we work to co-create strategies to navigate your financial life, from combining or separating marital assets, to planning your retirement income and what you’ll leave your heirs, or an intentional charitable giving strategy. Build a strong financial foundation that can weather the twists and turns of life, giving you peace of mind and leaving you the time and energy to spend on what you love and value most.
We partner with you to implement the action items in your plan, whether that means updating the withholding rate on your paycheck or help with rolling over an old 401(k).
After our initial planning process meetings, we meet twice a year to review your progress and make any necessary adjustments. Our highly responsive team is available to you throughout the year whenever you are in need of financial guidance.
Meeting Structure
Woven into our planning is our MVP Process - we want to ensure that your Money is aligned with your Values and Purpose.
First 6 Months
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Discovery Meeting
We do a deep dive into your current situation, explore goals and concerns, and learn about your unique needs and objectives. We learn about your historical relationship with money and how that's shaped your views and actions today.
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Cash Flow & Values
We review cash flow to get insight into how much your lifestyle costs and make adjustments to savings, if needed. We discuss what's truly important to you in order to have a clear vision of where you're headed.
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Scenario Planning
We present a high-level, 1-page financial plan and also introduce you to your financial planning portal. Our planning software is a collaborative tool that we use together to evaluate the feasibility of and progress toward your goals.
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Investment Management
The final meeting in our initial series focuses on investments and an investment strategy to successfully reach your goals while mitigating risk and tax obligations.
Ongoing Meeting Structure
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Annual Renewal Meeting
• Update goals, action items, and projections
• Review and update fee schedule
• Cash flow & savings review
• Review prior year taxes & W-4 withholding
• Estate plan review/check-in (beneficiaries, will, and other documents)
• Charitable giving strategy
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Mid-Year Meeting
• Check-in on goal progress
• Student loans/education funding
• Employee benefits/open enrollment
• Insurance review (life, disability, etc.)
• Rebalance investment accounts outside our management
• End-of-year tax planning review
Fees
We are a fiduciary, which means that we are obligated to serve our clients best interests at all times, and held accountable to that standard by regulatory agencies. Our fees are stated clearly in your client agreement and can fall into the ranges outlined below.
The fee is based on the complexity of your situation, and can include investment management and/or financial planning advice.
Investment Management Services
The fee is based on a percentage of assets under management and is negotiable. The annualized fees for investment management services are based on the following fee schedule:
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Ongoing Financial Planning
We charge a recurring fixed fee for Ongoing Financial Planning. Fees are paid monthly in advance, ranging from $0 - $300, with an initial fee of up to $4,000, and can be offset by Investment Management Fees.
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Project-Based Financial Planning
TPFP charges either a fixed or hourly fee for Project-Based Financial Planning. Fixed fee rates range between $0 - $10,000. Our hourly rate is $350.
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