Fee-Only Financial Planning

How does it work?

 

Consult.

 

Preferably, over a cup of coffee—but this will most likely be a 30 -45 minute phone call. You are ready for financial guidance and to engage in a process that will bring peace and clarity to your financial situation. We’ll talk about your questions and needs and determine if there is a mutual fit.

 

Conquer.

 

Conquer your goals; allow us to do the heavy lifting. Our focus is to identify key Elements of your financial health and provide actionable results. We’ll meet regularly to keep your plans on track.

“This process is all about you and your family’s needs. I seek to get to know who you are and what’s important to you before making any recommendations and building strategies.”

— Kyle Long, CPA

Our Service Models

  • Your Personal CFO

    We become your go to resource for anything and everything finance.

    No more spending hours and hours researching and sifting through the endless blog posts and podcasts and trying to figure out what is actually helpful for you, and what isn’t.

    Spend your time doing what you love, growing in your career and being with your family, we will take care of the rest.

    See More

  • One-Time Financial Plans

    Are you unsure if you want to work with a financial planner on an ongoing basis? We offer one-time comprehensive financial plans for those who want to implement our recommendations themselves.

    This includes three plan meetings, indefinite access to your Elements Financial Planning tool, and one month of email support.

    The typical cost is between $3,000 and $5,000.

Your Personal Chief Financial Officer (CFO)

 

What You Receive

As your personal CFO, we will help you organize your finances utilizing our Elements® financial planning process—so you know where everything is, and whether or not it is working for your family and your goals.

  • We will touch every area of your financial life—being sure to cover the foundation blocks.

    • Your values and goals

    • Cash flow optimization and strategies (spending and savings plan)

    • Debt management

    • Insurance needs analysis

    • Estate planning

    • Tax planning

    • Education planning

    • Investment analysis

    • Retirement projections and income planning—how much should you save? What should you spend/expect to spend in retirement?

    • Employee benefits optimization

    • Stock based compensation planning

    • Automobile planning - how much car can you afford? New or used? Should you lease or buy? What kind of car should you get? Which ones are the most reliable? (Kyle’s love for cars notwithstanding)

  • Regular meetings to keep you on track to meet your goals and to stay organized.

  • Tax preparation services offered at a discounted rate for Personal CFO clients through Kyle Long, CPA, a separate entity.


    Cost Structure

    Your Situation

    Generally, we do our best work and offer the most value for individuals and families who meet the below critera:

    • Income greater than $250,000 and/or

    • Investment accounts great than $250,000

    Your Investment:

    • Starting at $5,000 per year*

    • $1,200 one time initial plan strategy, onboarding, and set up cost

    • During this time, you will have complete access to your Financial Planner and our financial planning portal(s), which we use to monitor and track your plan.

    • The annual financial planning cost is waived with assets under management exceeding $500,000.

    • See our investment management fee schedule HERE.

      *The annual financial planning cost may be offset by fees earned from investment management. The initial plan setup cost may also be waived depending on initial assets under management. This is evaluated on a client by client basis.

What You Can Expect This To Look Like

Phase 1: Discovery

  • You receive a 1 - 1.5 hour assessment meeting (in person or virtually) to talk about your values and goals.

  • We review your current financial picture and you provide us with all of your information for analysis and we get you onboarded to Elements.

  • The goal with this meeting is to discover problems to be solved and opportunities to be seized.

Phase 2: Analysis

  • We analyze all of your information and your unique Elements scores. We identify key areas for improvement and provide you with a list of clear and concise action items (this process typically takes 7 - 10 days).

  • You receive a 1 - 1.5 hour analysis meeting (in person or virtually) where we walk through the preliminary plan, strategies and action items and how we can improve your Elements scores.

  • We then make any updates/adjustments after your input and deliver you the plan.

  • The goal with this meeting is to understand the gap between your goals/expectations and your current outcomes.

Phase 3: Ongoing Implementation

  • Your plan is not a static document, it evolves and changes as life happens (having a baby, receiving a promotion or bonus, moving, etc.).

  • Each quarter we systematically focus on three or more of the Elements to help you improve your overall financial health. We provide robust, clean and well designed reports that are actionable and easy to follow. These reports feature your latest financial vital signs and scores and tracks progress and improvements. You receive quarterly implementation meetings (4 per year) to review and update your plan.

  • Unlimited access outside of our formal quarterly meetings should anything come up.

  • The goal with these meetings is to convert good ideas into actual results and maintaining course corrections to keep your plan on track.

Ready to get started?