1700 West Loop South
Our primary goal is to make sure you clarify, work towards, and achieve your financial goals. With that in mind, we will design a diversified investment and protection strategy built within our planning process. We are always looking for the most cost efficient, high value ways to deliver our planning experience. It’s important to us that you know exactly what you pay so there are no unexpected or unexplained costs.
Based on the financial plan that we build together, we may decide on an investment strategy that we manage for you. We hire and recommend various money managers as well as recommend individual investments and charge ongoing costs based on your account balance. These costs are deducted directly from the accounts that we manage (you don’t pay these to us directly) and we are always monitoring the market to make sure we are using the most cost-effective solutions.
In some cases, we may accept a client engagement on an hourly basis. This may be for a “second opinion”, to review an existing plan, or to address a specific issue that does not require a financial plan. We’ve helped track down old life insurance policies, review retirement plans (401ks, 403bs, etc), consolidate old stock certificates, value and title/retitle/claim old savings bonds, analyze a real estate purchase, and a variety of other services under this arrangement. We accept these engagements on a case by case basis depending on our schedule at the time and whether we think can provide the outcome you are seeking. The cost is $250 per hour with a minimum of 4 hours.
Based on the financial plan that we build together, we may decide that life insurance and/or an annuity would help reach a goal (ie, life insurance may help fund a special needs trust or fulfill a legacy wish. An annuity may help provide income, protect assets from Medicaid, provide creditor protection or be an alternative to other investment options).
We disclose commissions we earn on any product sales. There is no law or regulation that requires this, we do it because it is just a good and fair business practice. Commissions vary depending on the product are paid directly to us from the companies (you do not write a check for them nor will you see them deducted or added on anywhere, they are built into the price of the product). For life insurance, commissions are paid in the first year and range from 50% to 90% of the premium. For example, if your plan recommends that you buy more life insurance and it costs $1000 per year, we would earn around $500 to $900 in the first year and then 2%-5% on average each year after.
For annuities, our typical commissions range from 1.0% to 3% of the deposit. For example, if your plan recommends that you deposit $50,000 into an annuity, we will earn $500 to $1500.
Again, these are paid to us directly from the insurance company and do not reduce your investment.
For those who are seeking a financial plan, and choose to manage their assets elsewhere, there is a $2500 total initial cost for our planning process. This includes all meetings, phone calls, emails, and follow up. For a detailed overview of our planning process, click here.
You will have online access to your plan, and your plan is updated in real time, so that you can see your progress whenever you want. We are available to review your plan and discuss any questions. There are no extra charges for phone calls, emails, or meetings when you are a client.
The $2500 can be charged to a credit card or debited from a checking account and we do have payment plans available.
After the first year, if you want to continue our planning relationship, there is a $100 per month cost.
We would welcome the opportunity to speak with you.