Plans and Pricing
TFP is a fee-only RIA. We do not take commissions and are not paid by anyone to put you into any specific funds or strategies.
The focus is on you. The fiduciary duty is to you.
1
Initial Financial Assessment: $850 (Due Upon Scheduling the Appointment)
An initial financial assessment consists of a two-hour review of the client’s overall financial situation with discussion of both strengths and weaknesses. This meeting is diagnostic in nature. No follow-up services are provided with the initial financial assessment. The full amount paid for the initial assessment will be applied against a retainer agreement if you decide to become a regular client within ten days of the initial financial assessment appointment.
2
Retirement Readiness Assessment: $850 (Due Upon Scheduling the Appointment)
A retirement readiness assessment consists of a two-hour review of the client’s current ability to retire based on lifestyle expenses, estimated guaranteed income amounts/sources and saved assets. This assessment is diagnostic in nature. No follow-up services are provided with the retirement readiness assessment. The full amount paid for the assessment will be applied against a retainer agreement if you decide to become a regular client within ten days of the retirement readiness assessment appointment.
3
Tactical Financial Plan ($1100 - $5200 Every Three Months)
Upon purchase and completion of either an initial financial assessment or a retirement readiness assessment, Tactical financial planning services may be purchased. As part of this service, TFP will provide holistic/comprehensive financial planning for a fixed fee over the course of one quarter. Depending on the client’s financial situation, clients will have one to two scheduled meetings a quarter. Should clients continue with the engagement for more than four quarters, meetings will generally drop to one meeting per quarter and there will be a corresponding reduction in fees (see below). In addition to scheduled meetings, additional face-to-face, e-mail and/or phone consultations are included at no additional charge.
Services provided may include, but are not limited to: tax preparation, tax planning, insurance review, inventory of assets, analysis of financial goals, portfolio analysis, development of an asset allocation strategy, mutual fund / exchange traded fund recommendations, retirement planning and estate plan reviews.
Initial Year of Tactical Financial Planning - Scheduled meeting topics are listed below. TFP will schedule meetings to cover those topics relevant to you, such as:
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Tax preparation
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Budgeting and cash flow
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Tax planning
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Record-keeping
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Inventory of client assets
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Retirement planning
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Portfolio analysis
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Goal setting
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Develop asset allocation strategies
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Estate planning review
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Recommend investments
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Small business planning
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Insurance analysis
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Education planning
Renewal Years of Tactical Financial Plan - Typical scheduled meetings:
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Tax planning & Tax preparation
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Investment review and asset rebalancing/update
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Year-end planning
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Financial planning and/or any financial services as requested or needed by client.
Fees are determined annually based on the client(s) Net Worth, Investment Portfolio, and Household Income on the last day of each year and payable quarterly in advance. Fees are calculated based on the following:
New Client Tactical Financial Plan Fees (First Year)
Returning Client Tactical Financial Plan Fees
4
Basic Plan $350 - $1025 (Every Three Months)
Upon purchase and completion of either an initial financial assessment or a retirement readiness assessment, Basic plan services may be purchased. Basic Plan services are narrower in scope and usually focus on one or more of the following areas: goal setting, asset/liability analysis, tax planning, cash flow management, investment review, retirement planning, risk management, or estate planning. The service includes client consultations as well as written and/or oral recommendations resulting from such consultations. The Basic Plan does not constitute a comprehensive financial planning engagement and follow-up advice and/or implementation assistance is limited.
Fees are determined annually based on the client(s) Net Worth, Investment Portfolio, and Household Income on the last day of each year and payable quarterly in advance. Fees are calculated based on the following:
New Client Basic Plan Fees (First Year)
Returning Client Basic Plan Fees
*Clients with Schedule C income will be charged $525 per quarter
**Clients with Schedule C income will be charged $875 per quarter