Fees & Services
As an independent Fee-Only CFP (r) where integrity and expertise intersect, 2020 Financial Planning LLC offers 2 levels of financial planning and 1 level of wealth management.
Do you want to retire someday? Let's get you there. For clients seeking a goals-based and comprehensive Retirement Roadmap incorporating all aspects of their life where money exerts an influence. The financial planning process follows the industry standard of starting with a Discovery Call and proceeding to delivering recommendations to the client. Fee: No asset minimum. This type of engagement is billed as a fixed fee. Anticipate paying a Fee Only Financial Planner $2000 or more. Financial planning engagements can average 10 or more hours. This includes all steps of the engagement, including client meetings, analysis, and the 3 financial plan deliverables.
Hourly Financial Planning
For clients who have less complexity in their financial lives. Since the same due diligence is required for each client, the financial planning process also applies to an hourly model. Fee: No asset minimum. By the hour. 7 hour minimum. Anticipate paying a Fee Only Financial Planner $220 an hour or more. Separately, wealth management is offered for those seeking risk management and ongoing portfolio optimization.
Modern Portfolio Theory and primarily passively managed funds, including DFA funds, are utilized after establishing an evidence-based investment policy with a client. Each client has discretion to cancel their wealth management relationship if they opt to self manage. Fee: Percentage of assets. In searching for a Fee Only Financial Planner to work with, knowing how they are compensated will ensure you make the decision more fully informed. Get in touch to further determine what the best model is for your goals and to discover what it's like to work with a Fee Only Financial Planner.