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Services & Fees
Strictly Fee-Only Financial Planning No Commissions, No Sales Goals No Conflicts of interest Services Comprehensive Financial Life Planning Comprehensive Financial Life Planning follows the EVOKE method developed by George Kinder of the Kinder Institute of Life Planning. We take the time to Explore what is most important to you in your life & goals. In subsequent meetings we work to develop your Vision of your ideal life. Then, identify and confront Obstacles to that life, and use financial Knowledge & planning to create a structure to help you Execute that Life Plan. Learn more about Financial Life Planning Special Needs Planning Life moves quickly, and planning for the long-term financial security of a loved-one can be very complex. As the parent, guardian, or caregiver of an individual with special needs, you have complicated and often conflicting financial goals. Special Needs Planning is something you know you need to think about, but getting around to it is another story. And when you do get around to it, it’s difficult to know where to begin. Check out this list of 5 steps to get you started. Retirement Cash Flow Modeling & Investment Plan You may be saving for retirement years from now, & want to know if you’re on track. You may be about to retire & need to make the transition in the strongest way. You may already be enjoying retirement, & want to be sure you are able to continue without outliving your resources. Successful Retirement Planning: 101 Investment Management A written Investment Policy Statement is developed based on your goals, risk tolerance, time horizons, income needs, and individual preferences. This Investment Policy Statement is a mutual agreement which guides the specific future trading decisions made on your behalf. Investments will be tailored around your current holdings - using Exchange Traded Funds (ETFs), index funds, no-load actively managed mutual funds, bond funds, & individual bonds. Learn more about Investment Management Premier Investment Management This is a full service, for accounts at or above $500,000, combining the Investment Management service described above, and Comprehensive Financial Life Planning, with annual action plan updates. Portfolio Review & Action Plan Review your current investment portfolio, and design an individualized plan to meet your current goals, using ETFs, index funds, individual bonds, and bond funds to build a portfolio around you current investments. The goal is to rebalance & recharge your portfolio, not make wholesale changes to the portfolio you may have spent years building. With no products to sell, no commissions, and no sales goals to meet, you will know that all recommendations are unbiased, objective and tailored to your situation. Action Plan Update Meet annually or semi-annually to review your progress toward your goals and re-balance your portfolio. 401k / 403b review A quick review establishing your time horizon, risk tolerance, and investing style, to help you choose investments or rebalance the allocations in your 401k or other employer sponsored plan. Budgeting & Cash Flow Analysis Do you know where your money goes? Do you need help setting up a realistic budget you & your family can actually follow? This may be the single most important step to the structured savings you need to reach your goals. We’ll analyze where the money goes and talk about why it goes there. Then,working together and taking into account your life as it truly is, we’ll work on strategies to help you stay within your budget & maintain control of your financial life. There’s no magic here. Budgets are hard work, but, once you have conquered this step, everything other financial goal is far more manageable. Second Opinion Get a Second Opinion on a financial product someone is trying to sell you. There are great financial products out there, which are simple, effective, with low fees, and may greatly enhance your chances of a successful retirement. There are also plenty of financial products out there which sound great, but their primary purpose is to generate fees for a company or a sales person. After understanding your goals, we can talk about how effective the product you are considering may be and we’ll grade it on a scale of 1-10, for effectiveness in helping reach your goals. Fees The Fees that you pay for financial plans and investment management are an important factor in your returns over time. Being aware of your costs, whether through sales commissions, mutual fund expense ratios, asset management fees, or hourly fees, is an important part of establishing control in your financial life. You will always receive an agreement of the cost of services before we begin working together. And you receive a commitment to control and minimize the cost of getting the advice and support you need, to succeed in your financial life. If you work full-time for a Non-Profit organization, hourly rates will be discounted 25%. (subject to gross income limitations) First Hour is always Free This is our “get acquainted” meeting. This hour is when we get to talk “freely”, to understand your situation and what you most want to accomplish. During this time we’ll talk about your needs, ours process, how we can help, and an estimate of hours, type of service & cost. Investment Management Services .5% annually, paid quarterly in advance, based on the previous quarter’s average month’s closing balance. Premier Investment Management Services .75% annually, paid quarterly in advance, based on the previous quarter’s average month’s closing balance. Comprehensive Financial Life Plan, Retirement Cash Flow modeling & Investment Plan, Special Needs Planning, Portfolio Review & Action Plan All work is billed hourly, or by the project. After our “get acquainted” meeting, you will receive a service agreement outlining the services we discussed and a cost estimate, which NextStep Financial commits to not exceed. Then, in the privacy of your own home, and in your own time, with no one looking over your shoulder or pressuring you - you decide if you want us to work together. Annual, or Semi-annual updates can be billed hourly, or a flat fee can be determined. 401k / 403b review $120 - Complex portfolios could be more Budgeting & Cash Flow Analysis Billed hourly at $80 an hour. You can control your costs by completing more of the work yourself & using our time together as a guide. Second Opinion Billed Hourly Hourly Consulting $120 per hour A retainer of $300, or the total fee if 2 hours or less, is due with your signed agreement of services. Life_Planning.htmlLife_Planning.htmlSpecial_Needs_Planning.htmlRetirement.htmlInvestment_Mgmt.htmlshapeimage_8_link_0shapeimage_8_link_1shapeimage_8_link_2shapeimage_8_link_3shapeimage_8_link_4

Financial Life Planning / Investment Management / Retirement / Special Needs Planning / Budgeting & Consultation / Why is NextStep different?