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.
Financial Freedom Roadmap
Do you want financial freedom? Let’s get you there. For clients seeking a goals-based and comprehensive Financial Freedom Roadmap incorporating all aspects of their life where money exerts an influence. The financial planning process with a CFP 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. $2,000 minimum. Financial planning engagements average 10 hours or more. This includes all client meetings and the 3 financial plan deliverables.
Hourly Financial Planning
While the same due diligence is conducted, recurring clients and basic financial planning engagements fall under hourly billing model.
Fee: No asset minimum. By the hour. 7 hour minimum. $220 an hour.
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. Clients’ accounts are with an independent 3rd party brokerage firm. Each client has discretion to opt out of wealth management if they elect 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 a more fully informed decision.
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.