Time-Based Approach to Financial Advice
First-time clients are attracted by the time-based approach to delivering financial advice. The aim is to provide advice that sticks and to make recommendations that have staying power, all supported by a highly personal and custom retirement projection.
Custom Retirement Projections
Retirement projections include asset allocation and specific investment recommendations, stemming from a bias towards the broadly diversified low-fee passively indexed approach to investing.
Estimated Fees and Engagement Duration
- Typical Estimated Fee Range: 10 to 14 hours (some engagements may run shorter or longer).
- Current Hourly Rate: $270.
The Four-Step Engagement Process
1. First Meeting: Initial Fit Assessment
The first meeting is designed to gauge fit:
- Do we like each other?
- Do we trust each other?
- Do you find me to be knowledgeable?
This meeting is brief, with no preparation necessary on your part.
2. Second Meeting: Complimentary Get Acquainted Meeting
During the second meeting:
- We use worksheets completed by you and account statements shared by you to guide the conversation.
- We reaffirm the process and the benefits of the engagement.
- We affirm the estimated time range for the engagement.
If we decide to proceed, the outcome of this meeting will be a list of additional requested documents and the production of the engagement letter.
Note: No advice is offered during the first two meetings.
3. Third Meeting: Draft Retirement Projection and Tax Return Report
In this meeting, which lasts approximately 60-75 minutes:
- We review the tax return report.
- We present a draft of the retirement projection.
If applicable, an education funding report will also be presented during this meeting.
4. Final Meeting: Refined Recommendations
The final meeting is where we:
- Review the refined retirement projection.
- Discuss the financial recommendations in detail.