Financial planning is the process of identifying your goals and objectives, analyzing your resources, designing the most appropriate strategies to reach your goals, making the changes needed, and evaluating the results. Financial planning is most effective when all aspects of your financial life (such as assets, cash flow and taxes) are considered on an integrated basis. This allows you to identify all the variables at play and to evaluate alternative strategies and their consequences.
At Focus, our financial planning services are tailored to meet your specific needs. We may recommend a comprehensive planning engagement to review all aspects of your financial situation or we may find that it is more appropriate to limit our consulting services to address a specific planning issue.
The goal of financial planning is not to burden you with tedious data collection, nor to overwhelm you with details. It is to identify concrete courses of action so that you can achieve your goals.
All planning engagements begin with an initial exploratory meeting of one hour or less. This meeting provides an opportunity for you to evaluate our staff and our services, and allows us to determine if we can bring value to your situation. There is no charge for this time, and we will quote you a fee for the proposed planning engagement at this initial meeting.
Once we agree to work together, we will identify the information that you need to gather for our analysis. The time frame will vary depending upon the complexity of the situation, and the degree of implementation that we are engaged to provide.
Focus Wealth Management is a “fee-only” firm. We charge a flat fee for planning services that will be quoted at the beginning of our engagement. Our fees are based on the complexity of your situation and the type of planning services you need. Fees generally run from $3,500 for a straightforward single-issue analysis, to $10,000 or more for comprehensive planning.