Advisory Based Services
ADVISORY BASED SERVICES
FINANCIAL PLANNING & PORTFOLIO ANALYSIS
PERSONLIZED FINANCIAL PLAN
- RESEARCH COMPETITIVE PRODUCTS
- DESCRIBE ALTERNATIVES
- RECOMMEND SOLUTIONS
- FACILITATE TRANSACTIONS
- REVIEW ACCOUNT PERFORMANCE
IN-DEPTH ANALYSIS OF SOME OR ALL OF THE FOLLOWING:
- NET WORTH AND CASH FLOW MANAGEMENT (BUDGET)
- INVESTMENT MANAGEMENT STRATEGIES
- ASSET ALLOCATION ANALYSIS
- RISK MANAGEMENT ANALYSIS AND PROTECTION PLANNING
- RETIREMENT PLANNING PROJECTIONS
- SOCIAL SECURITY PLANNING
- ESTATE PLANNING
- TAX PLANNING
- EDUCATION PLANNING
- IN-DEPTH PRODUCT/FINANCIAL RESEARCH, ALTERNATIVES AND RECOMMENDATIONS BASED ON ANALYSIS
- WORK WITH YOUR FAMILY MEMBERS AND TEAM OF PROFESSIONALS(I.E. ATTORNEY AND CPA) AS NEEDED AND REQUESTED
- CONSOLIDATE STATEMENTS, CLIENT WEB ACCESS
- PORTFOLIO MANAGEMENT
- AUTO-RE BALANCING
FINANICAL PLANNING ACTION STEPS:
DISCOVERY SESSION (45 MINUTES)
- REVIEW THE PLANNING PROCESS, DISCUSS YOUR GOALS AND FEES ASSOCIATED WITH WORKING TOGETHER. DETERMINE IF WE ARE A GOOD FIT FOR ONE ANOTHER
STRATEGY & SOLUTIONS MEETINGS (WITH CLIENT AND TEAM MEMBERS)
- REFINE SHORT/LONG TERM GOALS, REVIEW CASH FLOW, REVIEW ASSETS AND LIABILITES
ACTION AND REVIEW SESSIONS
- PRESENTATION OF CONSOLIDATED WRITTEN FINANCIAL PLAN, IMPLEMENT YOUR CUSTOM PLAN, CONSOLIDATE ACCOUNTS, AND REVIEW PROGRESS
ONGOING:
- RECOMMEND TWO TO FOUR SERVICE CONTACTS/YEAR
- PLAN UPDATED AS NEEDED
- UPDATE SUITABILITY PER SEC REQUIREMENTS
COMPENSATION MODEL
ADVICED BASED RELATIONSHIP SERVICES:
- MONTHLY SUBSCRIPTION(SILVER STARTS AT $100/MONTH)
- $200 PER HOUR
- YEARLY RETAINER ($1,500 MIN.)
401(K) QUALIFIED PLAN ADVISEMENT: $600 A YEAR OR % OF ASSETS IN RETIREMENT PLAN
COMMISSIONS: ON POTENTIAL LIFE PRODUCT SALES, HEALTH INSURANCE, LONG-TERM CARE, ANNUITIES, DISABILITY AND COLLEGE FUNDING
ADVISORY FEES: MAY VARY BASED ON HOUSEHOLD
UP TO $500,000 1.35%
NEXT $500,000 1.00%
NEXT $1,500,000 0.90%
NEXT $2,500,000 0.80%
ABOVE $5,000,000 0.50%