At Waymaker Financial Planning, we believe that everyone needs access to a CFP® professional. We set up our firm so that our service model is flexible and priced fairly for both parties. Each person is unique and has different goals and objectives. In every conversation, we will listen to what you are trying to accomplish . Through collaboration with you, we will find the best solution to meet your needs and help you reach your financial goals.
Our planning fees are based on the scope of services, the complexity of your circumstances, and a billable rate of $250 per hour. You will get a firm estimate for our work, and we will agree on the scope of the project in writing before work begins.
Thank you for the opportunity to earn your business. We look forward to serving you, and we count it a privilege to help you make wise decisions so that your plans come to fruition.
Our services include:
Ongoing Comprehensive Financial Planning – This service begins after the engagement of an initial One-Time Comprehensive Financial Plan. Because life gets busy, many clients engage in this service because they need ongoing support to implement, monitor, and update their plans as their life changes. This service is paid monthly and the minimum yearly fee for Ongoing Comprehensive Financial Planning is $3,300. (The monthly fee may be waived if the Client engages in our Investment Management Services and has $500,000 or more in assets under our management.) Meeting Frequency: After the Complimentary Discovery Meeting, there are 3 initial meetings and after the recommendations are delivered, 3-4 meetings every 3 months for ongoing support.
Project-Based Work - This service is either a One -Time Comprehensive Financial Plan or a Modular Financial Plan, which is a limited scope engagement.
- One-Time Comprehensive Financial Plans are recommended for Clients needing a broad based, more thorough approach. Our initial plan will help you develop your goals and give you detailed action steps to make. This usually involves between 8 -20 hours of planning work, and the fee typically ranges from $2,000 - $5,000. The plan is implemented by the client, and the client assumes responsibility for monitoring, updating, and reviewing the plan. Meeting Frequency: After the Complimentary Discovery Meeting there are 3 meetings and 2 check in calls.
- Modular Financial Plans are designed for Clients who desire a narrow focus and scope. This typically involves 2 - 20 hours of planning work in specific stand-alone planning areas such as Retirement Planning (6 hours plus), Investment Analysis (4 hours plus) , Education Planning (3 hours plus), and Employee Benefit Optimization (4 hours plus). The fixed fee can range between $625 - $5,000, and the recommendations are implemented by the client. Meeting Frequency: After the Complimentary Discovery Meeting, there are 2 meetings and 2 check in calls.
Investment Management Services - This is an optional service. We don't require you to move your investment accounts to us unless it makes your life easier, and you feel it would be of benefit.
We design individually-tailored portfolios that will help you build your wealth over time, meet your retirement income goals, while also enabling you to sleep at night! We do this through managing risk and collaboration with you to discover what level of risk you are comfortable with. Our approach to investing is evidence-based, and although we can't eliminate risk completely, we seek to minimize risk through asset allocation and monitoring your accounts with us. We help our clients focus on their long-term goals and long-term plans; not the day -to- day fluctuations in the market.
TD Ameritrade Institutional is the firm that we use to safeguard client assets. You can view your account online at any time, and you will receive quarterly statements from TD Ameritrade. If you have any questions, we are always available to help you.
TD Ameritrade, Inc. is a member of the Securities Investor Protection Corporation (SIPC). Securities in your account are protected up to $500,000, which includes a $250,000 limit for cash. For details, please see www.sipc.org. Additionally, TD Ameritrade provides each client $149.5 million worth of protection for securities and $2 million of protection for cash through supplemental coverage provided by London insurers. For details, please this TD Ameritrade resource about Account Protection.