FREQUENTLY ASKED QUESTIONS
WHAT TYPE OF CLIENTS DO YOU TYPICALLY WORK WITH?
We can work with you wherever you are at in life, but we find that our services tend to appeal to young professionals, small business owners, and growing families. We'd love to work with you if you want help making the most out of your financial life; whether that's help with making smarter moves related to your personal finances, or crafting and putting into action a financial plan that frees up your time so that you can focus on doing the things in life that you are passionate about. We have the expertise and experience to help you get there; we call it "planning for life." If you're ready to start a conversation about your financial life, please schedule a complimentary consultation meeting here.
HOW WILL YOU WORK WITH ME?
We can work with clients on an hourly, project, or on-going subscription basis. We do not require account minimums.
We will meet with you as often as you'd like, if you'd like to work with us on an hourly basis. We have a two-hour minimum requirement. We track the time we spend working with you in person, as well as behind the scenes, and bill for those services monthly in arrears. We track our time in 15-minute increments.
The scope of project work, which is outlined in an engagement letter, determines how many times we'll meet and the deliverables to be given at the end of the project.
With respect to on-going planning, the frequency of how often we meet will be dictated by the complexity of the engagement (i.e., the more complex the engagement, the more frequently we meet, typically). If you reside in Houston, we can meet you at a place that is convenient for you. If you reside outside of Houston--and even if you live in Houston--we can conduct meetings via video conference or phone call. You will have client access to our financial planning software for the duration of your service subscription. We are available on-call to help you with urgent financial matters between scheduled meetings, and will respond to emails and phone call messages within 24 hours, unless it's the weekend or a U.S. holiday.
If you'd like to learn more about how we can work with you, please schedule a complimentary consultation meeting here.
HOW DOES THE FINANCIAL PLANNING PROCESS START?
We charge $600 to prepare a personalized financial plan that is tailored to your specific financial situation. In preparing your financial plan, we will meet with you to understand your financial goals and objectives, and securely collect information such as your most recently filed tax return, brokerage statements, insurance policies, employee benefits guide, and other information that will help us see your financial picture. Should you wish to engage us to help you put your plan into action, we will apply the cost of the personalized financial plan ($600) towards the cost of a project or on-going financial planning work. If you'd like to talk to us about preparing a personalized financial plan for you, please schedule a complimentary consultation meeting here.
HOW MUCH DO YOUR SERVICES COST?
To prepare a personalized financial plan, as described in the section above, costs $600. On-going financial planning starts at $250 per month. Our hourly rate is $300. We do not require account minimums. If you'd like to learn more about our services, please schedule a complimentary consultation meeting here.
HOW DO YOU SET THE FEES FOR YOUR SERVICES?
With the exception of hourly fees, fees for services are determined based on the complexity of the engagement. For example, if you are married or have a partner, own a small business, and own rental properties, your financial situation is probably a lot more complex than someone who is single and has a steady salary. Therefore, the former will likely pay more for project or on-going planning than the latter. Clients typically get the most value out of on-going financial planning as compared to hourly or project engagements. If you'd like to learn more about our services, please schedule a complimentary consultation meeting here.
WHAT DO THE TERMS "FEE-ONLY" AND "FIDUCIARY" MEAN?
"Fee-only" means that we do not sell financial products, nor do we receive commissions. We are solely compensated by the fees you pay directly to us for the services we render to you. While no compensation structure can remove all potential conflicts of interest, we believe that being fee-only greatly reduces conflicts of interest between what's in your best interest and what's in our best interest. Along those same lines, the term "fiduciary" means that we must always put your interests ahead of our own. If you'd like to learn more about what it's like to work with a fee-only, fiduciary financial adviser, please schedule a complimentary consultation meeting here.
WILL YOU PREPARE MY TAX RETURN(S)?
We will prepare personal and business tax returns for financial planning clients, upon request. The cost of those services is separate and apart from the cost of financial planning and investment management services. We do not typically prepare tax returns for individuals who are not financial planning clients, but we would be happy to refer you to a tax professional, if you are looking for tax compliance help. We do provide tax consulting services on a stand-alone basis. If you'd like to learn more about our tax services, please schedule a complimentary consultation meeting here.