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Service

Description

Typical Timeframe

Examples

1

In-Depth Planning (standard financial plan)

Client has one or more issues that require analysis, research, and planning. This is the normal approach to begin a relationship with a client. See Steps To Success.

Typical range is 5 - 20 hours. Can take one or two months or more to complete.

Planning for retirement and funding college education, rollover of retirement funds, life insurance planning, cash flow issues, etc.

2

Regular Checkup

Client has gone through Service #1 and requires ongoing advice.

Typical range is 1 - 5 hours. Annually, semi-annually, quarterly, monthly or as often as needed.

Review of financial plan (Service #1) recommended at least annually. Asset allocation is recommended at least semi-annually.

3

As-Needed Advice (a la carte)

Client has change in financial (or personal) picture or there is a major change in the financial markets.

Typical range is 1 - 5 hours. As needed.

Client starts new job or retires or has a child, stock market declines sharply, interest rates rise sharply, etc.

4

Second Opinion

Client needs second opinion to pressing issue.

Typical range is 1 - 5 hours. As needed.

Question about a specific mutual fund, annuity, home mortgage refinance.

5

Help With Managing Other’s Finances

Sometimes clients find that they are in a position to be responsible for another’s finances (e.g. aging parents or young adult children).

Varies greatly, depending upon the complexity of issues. Budgeting and cash flow planning might require regular meetings for awhile.

Cash flow analysis, budgeting, annuity selection, debt reduction, end-of-life issues, etc.

6

Double-Check

For the do-it-yourselfer who needs a professional to review financial issues.

Typical range is 1 - 5 hours.

Asset selection, investment allocation, etc.

7

Help With Debt/Credit Problems

Client has high consumer debt and/or poor credit rating. After these issues are under control, usually proceed with Service #1.

May require regular meetings for awhile to get finances under control.

Cash flow analysis, debt reduction plan, budget plan, etc.

8

Help Regarding Major Life Change

Client has experienced divorce, death of spouse, inheritance, spouse has become incapacitated, etc. Oftentimes, client is not used to handling financial matters.

In-depth planning (Service #1) is usually required. May require regular meetings for awhile to stabilize situation.

Cash flow planning, budgeting, asset allocation, insurance advice, estate planning, etc.