Comprehensive Financial Plan (Fee $2,100)
A comprehensive financial plan is a comprehensive analysis and plan which includes recommendations for the client to meet their financial goals. The client will identify their financial goals including what they are saving for, such as college expenses for their children or to retire at a certain age. The client will fill out several questionaires including a risk tolerance assessment which will help Michael to make investment recommendations that are specific to each client. The plan will include recommendations regarding the client's budget, investment, retirement, estate, insurance, and tax areas which will help the client achieve their short and long term financial goals.
Comprehensive Financial Plan for the Business Owner (Fee $3,000)
This plan is for clients who own their own business. It includes everything under the "Comprehensive Financial Plan" plus it addresses the necessity of creating a continuity and succession plan. Every business owner should have a comprehensive financial plan that not only addresses their personal financial goals but also their business goals which includes a continuity plan to help protect their family as well as any co-owners.
Pre-Retirement Investment Analysis (Fee $1,800)
This service includes an analysis of the pre-retired client and their current investments. It addresses whether the client is on track to save enough to meet their investment goals. It also addresses whether the client has chosen an appropriate asset allocation given their overall financial situation in order for them to meet their goals. The analysis takes a look at the fees the client is currently paying and makes recommendations to see if there is a more cost efficient way for the client to meet their goals. This analysis will not address the client's insurance and estate issues.
Retirement Investment Analysis (Fee $1,800)
This service includes an analysis of the retired client and their current investments. It addresses whether the client has chosen an appropriate asset allocation given their overall situation. The analysis will also address how the client can establish a tax efficient withdrawal strategy which maximizes their assets over the life of their retirement. The analysis will also take a look at the fees the client is currently paying and make recommendations to see if there is a more cost efficient way for the client to meet their goals. This analysis will not address the client's insurance and estate issues.
Tax Preparation & Planning (Fee - $90 per hour)
Personal and business tax preparation services are offered as well as tax planning. These fees will depend upon the complexity of the return and the number of hours involved with the tax preparation & planning.
Specific Questions Concerning Financial & Tax Planning (Fee - $90 per hour)
This service includes analysis of issues and questions which are narrow in scope such as whether a client should choose a lump sum payment versus annuity payments when choosing their pension option. The fee will be based upon the number of hours involved to properly analyze the issue at hand.
Review of Financial Plan (Fee - $750)
This review is for those clients who have had a financial plan or analysis prepared in the past and want to review their situation to make sure they are on track to meet their goals. The review addresses any new occurrences in the client's financial situation as well as monitoring the client's progress toward their goals. The review will also address tax efficient withdrawal strategies for those in retirement. This review is sugguested annually.