A partnership client wants a comprehensive and ongoing relationship with a financial life planner. Your financial life is complex, and you value holistic advice.
They see the value in partnering with experienced Advisors to take a holistic approach to defining goals, analyzing options, making informed decisions, and implementing strategies to achieve their financial goals.
Partnership Clients want to address their questions, reduce financial worries, and decrease complexity so that they can focus on what matters most in life. Partnership Clients work with us on an ongoing basis to stay informed, access expertise, and make adjustments as changes in finances, laws, and life occur.
Goal setting
Investment management
Tax planning & analysis
Retirement planning & projections
Budget & cash flow
Education planning
Mortgage & debt analysis
Investment property analysis
Career planning
Employee benefits optimization
Estate planning
Insurance & risk management
Each family will have a mix of topics that are important to you. We will cover topics in the order that is meaningful to you based on your needs and the time of year.
Is this right for me?
If you have the ability to save at least 10-20% of your income, want to minimize your tax bill by saving aggressively for retirement, or have a household net worth of approximately $500,000+, then this is for you.
For REALTORS® and self-employed clients, comprehensive planning includes reviews of your tax return and business income, expenses, and tax deductions, thus ensuring that you are running your business efficiently. We do not prepare taxes, but we will coordinate closely with your tax preparer on any action items. Some clients choose to use our third party tax partner XY Tax Solutions for tax preparation; other clients use their own tax preparer. We do provide bookkeeping, payroll, and LLC + S corporation setup for real estate professionals. Details here.
After the onboarding process is complete, each client will receive a customized annual service calendar tailored to their unique financial planning needs.
We will present a precise fee schedule after reviewing your net worth, documentation, business structure and complexity.
Fees are calculated per household based on household net worth and will be clearly communicated prior to onboarding. We do not have a minimum investment account size.
We only receive compensation from clients. We do not sell any products or engage in referrals that provide commissions or other compensation.
After our initial consultation, we schedule a 90-minute Discovery meeting. Prior to this meeting, you will receive “homework” to gather financial documents. During this meeting, we will deliver a short action plan and high-level analysis of your situation. You may also use this time to “ask a financial planner anything”.
After the Discovery meeting, clients can choose to convert to: 1) ongoing financial planning; 2) investment management only clients); 3) bookkeeping and payroll; or 4) financial education with Real Estate Wealth Planning. The latter option is when you choose to self-implement (DIY) the actions discussed in our Discovery meeting.
There are no contracts, but clients should understand that a comprehensive financial plan takes about one year to initially implement. Our goal is to provide clients with value from financial planning that exceeds the fees paid. We will happily provide a refund to clients that do not perceive value.
Many real estate professionals do not know if their business is set up and running efficiently.
We often work with agents who struggle to make business and personal savings decisions because they are unaware of their revenue, expenses, and profits.
We also frequently see agents overpaying in taxes because their business is not properly structured and they have not engaged in effective tax planning.
We write actionable emails packed with financial planning tips just for REALTORS®.
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Fee schedule is determined by household net worth, rounded down to the nearest $100,000.
For example, a client with a household net worth of $1,575,000 will have their net worth rounded down to $1.5M, which is within the $10,000 annual advisory fee level. We do not have a minimum investment account size.
|
Net Worth |
Annual Advisory Fee |
|
$0 – $1,000,000 |
$7,500 |
|
$1,000,001 – $1,500,000 |
$10,000 |
|
$1,500,001 – $2,000,000 |
$12,000 |
|
$2,000,001 + |
0.60% x Net Worth |
For prospective clients, we begin with data-gathering and a 90-minute discovery meeting, for a flat fee of $750. Prior to this meeting, you will receive “homework” to gather financial documents. During this meeting, we will deliver a short action plan and high-level analysis of your situation. You may also use this time to “ask a financial planner anything”.
After the Discovery meeting, clients can choose to convert to ongoing financial planning if the client does not want to self-implement (DIY). Discovery meeting fees will be applied to the first client bill, and we will discuss if this is appropriate during our initial consultation.
There are no contracts, but clients should understand that a comprehensive financial plan takes about one year to initially implement. Our goal is to provide clients with value from financial planning that exceeds the fees paid. We will happily provide a refund to clients that do not perceive value.
Review our Documents page for more information.
Fiduciary Financial Planning Group LLC is registered as an Investment Adviser. View our registration information and download our latest ADV Part 2 here.
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