All initial financial planning reviews are done on a one-time, flat fee planning basis. The amount of the fee is negotiated in advance and is based on the complexity and expected time it takes us to gather and understand the details of your current situation and prepare our recommendations. The fee generally ranges from $1,500-$5,000. $3,000 tends to be the average cost. The average time it takes us to complete an initial plan is 20-30 hours. We strive to complete our agreements within 30 days of your signing or engagement letter.
Periodic/ongoing reviews are available as often as you wish. The review fees are negotiated in advance and are based upon the frequency with which you may wish meet. These fees tend to be considerably lower than the initial planning fee, since most of the labor-intensive information gathering has already been done. The minimum fee for a follow up review meeting is $500, but may be more based upon prep time.
We also offer a la carte estate planning document prep and implementation services through a network of attorneys across the country. The fees for this service range from $300 the basic will, financia power of attorney and health care power of attorney page to a $800 for a package that also includes a revocable living trust.
Payment may be made via Paypal or personal check. A 50% upfront deposit is required. The final bill will include a 7% charge that includes Hawaii’s general excise tax and a 3% service charge for PayPal. Clients who choose to pay by personal check may avoid the 3% PayPal surcharge. The second/final payment is due upon completion of the project. We strive to complete all client engagements within 30 days.
Step 1: Learn the client’s background information and financial circumstances.
Step 2: Identify client’s specific financial planning goals and objectives.
Step 3: Analyze the data that has been gathered in relation to the goals and objectives
Step 4: Develop a written plan and recommendations
Step 5: Present the plan
Step 6: Implementation
Step 7: Ongoing monitoring
Once we have completed the information gathering, we will prepare a writing summary of the information we have gathered, we will provide analysis and education regarding your financial position relative to your stated financial objectives, and we will provide list of all the mistakes, oversights, and opportunities we uncover.
The terms of our engagement include as many meetings (in-person or via zoom/phone) with you as needed. We may also be available to sit in on meetings with your CPA and/or estate planning attorney as needed/requested.