Comprehensive Financial Planning
We believe Comprehensive Financial Planning is the best way to build and maintain wealth. We also believe Comprehensive Financial Planning should actually be comprehensive and is an ongoing process that shouldn’t be a one-time recommendation. Your financial advisor should be someone you can call on at any time and not worry if they will take your call or not or how much it will cost you.
With that in mind, we have implemented a subscription model to provide clients with advice whenever they need it. The Financial Plan is a living document to help guide you toward your financial, retirement, and life goals.
You are living a once-in-a-lifetime experience, so why should your financial plan be any different? We will create a completely customized plan for your specific situation using the Melby Wealth Management G.R.O.W. Process for Financial Planning as our framework.
The G.R.O.W. Process for Financial Planning will take place over a number of steps and meetings. We work with you and your schedule to be as accommodating as possible.
Because financial planning is a subscription, we are able to monitor your plan and progress and can update the plan as life happens. See our sample financial plan here.
Our process can cover, but is not limited to, the following topics:
Analyzing Employee Benefits Packages
Business Coaching and Development
Cash Flow Analysis
Charitable Planning
Combining Finances For Couples
Debt Management
Estate Planning
Home Purchase and Selling Decisions
Incentive Stock Option (ISO) and Restricted Stock Unit (RSU) Analysis
Insurance Needs Evaluation
Negotiating Auto Purchase
Retirement Income Planning
Short and Long Term Goal Development
Spending Plans and Budgeting
Student Loan and Education Funding
Tax Strategies
Fee
The fee for a financial plan is $4,000. If this is a one-time engagement, the fee is due upon signing the agreement. If this is going to be an ongoing engagement, the $4,000 initial fee is paid over the first 3 months and then switches to $333.33 paid on a monthly basis. We have clients who will utilize our services as long-term partners and those for shorter periods of time who will engage us to develop better habits and get pointed on the right path. As a fee-only fiduciary wealth management firm, we will never make a commission from something we recommend and we have a duty to always put our client’s interests ahead of our own.