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After the Initial Financial Plan


Your financial plan will be the foundation for our work together. This page discusses options for working with me after your financial plan has been completed.  

Once you have a financial plan, the next step is to act upon the recommendations. At this point, there are two paths. One option is to implement the advice yourself. The other option is to use my investment management services to put the plan into action. I'm glad to support you in either path.

Hourly Investment Advice

My hourly services are designed for those who want to manage their own investments, but still want to consult with a CFP® professional for occasional support. Clients who continue to work with me on an hourly basis monitor their own investments and reach out to me when they desire additional advice.

Investment Management

My investment management services are designed for those who want ongoing support to make sure the financial plan is put into action and stays on track. In addition to having me implement and monitor your investment strategy, you also receive periodic updates to your financial plan and broader support. 

The fee is based upon a percentage of investment assets. 

Investment Management Fee Schedule
Total Portfolio ValueAnnual Advisory Fee*
$0 to $500,000
1.00%
  $500,000 to $1,000,000.90%
$1,000,000 to $2,000,000
.80%
$2,000,000 to $3,000,000.70%
$3,000,000 to $4,000,000.60%
$4,000,000 to $5,000,000.50%
Assets over $5,000,000.40%

*Minimum investable assets to qualify for asset management is $500,000

Investment Philosophy

No one can accurately predict what will happen with the economy, but there are other factors that can be controlled. I focus on factors that are controllable.

Factors that Can be Controlled

  • With a diversified portfolio we can eliminate much of the risk that is specific to any one company or industry.
  • We can select low cost index funds to minimize expenses. 
  • We can carefully evaluate where assets should be placed in your portfolio in order to lower taxes (described further in my investment process shown below).

My Investment Process

  1. I create an investment strategy for your portfolio as a whole. 
  2. For employer retirement accounts (ex., 401(k), 403(b) or 401(a) plan) I cherry pick the best funds from the options available to you. Employer retirement accounts often have excellent funds in some asset categories and sub-standard funds in other asset categories.
  3. Select the funds that will be best for you to hold in your individual retirement accounts (e.g., Traditional IRA and Rollover IRA). 
  4. Select the funds that will be best for you to hold in your tax-free retirement accounts (e.g., Roth IRA).
  5. Select the funds that will be best for you to hold in your non-retirement accounts (e.g., individual brokerage, joint accounts, and trust accounts).
  6. Each account when looked at individually will likely have a different mix of assets than your other accounts, but when added together I make sure that your overall portfolio closely matches the strategy that we set for your portfolio as a whole. 
  7. Eventually, when your portfolio needs to rebalanced, I do so in a tax sensitive way. I'm conscious of how each of your accounts is taxed and I carefully select which of your accounts to update so that taxes take a smaller bite out of your investment returns. 

Investment Process at Big Brokerage Firms

Many investment managers, including asset management services at big brokerage firms, don't use the process that I outlined above. Instead of looking at your overall investment strategy, they only see one of your accounts at a time and ignore your other accounts. If you play chess, this would be like moving a piece without being able to see the entire board. Why would an investment manager ignore a client's other accounts? The reason is that no one has figured-out how to invest in the way that I described on the scale that big companies need to work at.