Frequently Asked Questions
Absolutely, as part of our "Personal CFO" services we specialize in helping families develop their best strategy to pay for college so they can protect their assets and income for retirement. This goes well beyond just opening a 529 account and focuses on a consultative approach encompassing college selection, savings vehicles, financial aid, tax aid and the best use of your personal resources. Another specialty and also part of our "Personal CFO" services is Social Security optimization. As part of developing an income sustainability plan we will help you determine your best claiming strategy.
Families who want to develop a college planning strategy that protects their assets and income for retirement, people who want assistance optimizing Social Security and anybody who would like to have a “Personal CFO” oversee all of their financial affairs.
Yes, our minimum account size is $500,000.00. This is negotiable, at our discretion.
As often as it takes to understand your personal situation, determine where you are now and where you want to go.
It depends on the scope and complexity of your situation but generally speaking our “Personal CFO” service is offered on a stand-alone basis for an annual fee between $1,000 and $5,000. Our Asset Management service ranges from 1.25% to .75% (negotiable) of managed assets and includes our "Personal CFO" services. In addition, we offer "College Planning" and "Social Security Optimization" on a stand alone basis for a flat fee of $450 each.
Our consultative approach to college planning integrates college selection, financial aid optimization, tax aid and the best use of your family's personal resources into one strategy. Our goal is to help you develop your best strategy to pay for college and protect your assets and income for retirement. All this is included in our "Personal CFO" service or can be offered on a stand alone basis for $450.
Yes, this is offered as part of our "Personal CFO" service or on a stand alone basis for $450.
We generally use a diversified portfolio of individual stocks and exchange traded funds in order to keep internal expenses to a minimum. The average internal costs on our portfolios are 15 basis points.
Yes, as a Registered Investment Advisor and Certified Financial Planner™ I am held to a fiduciary standard.