- Comprehensive Financial Plan
- | Portfolio Management
- | Wealth Management
Comprehensive Financial Plan
A Comprehensive Financial Plan is perfect for clients who are concerned about their financial future and are just getting started building wealth, but do not require ongoing asset management. During the initial meeting we will help you determine whether this service best suits your needs and goals.
The purpose of designing a financial plan is to:
- Set goals.
- Consolidate all personal financial information.
- Review past progress.
- Determine current and future needs.
- Provide clear recommendations for achieving your goals.
- Track and monitor progress toward achieving goals.
In most cases, the process requires between three and five meetings from the initial meeting to the final presentation of the comprehensive financial plan. Each financial plan is individually tailored for you. We strive to understand you and your family and customize a comprehensive financial plan that addresses your specific life situation and goals. The objective is to get you from where you are now to where you want to be in the future.
At Bell Financial Planning Co, you will receive a detailed report containing our professional observations and recommendations for improving your personal finances. The report is divided into important areas of your financial life: Cash Flow, Net Worth, Investments, Taxes, Insurance, Retirement, Estate Planning and College Planning. The final report will provide a clear plan on what you need to do to achieve your goals. Depending on your wishes we can manage the implementation of the financial plan.
Who needs a Comprehensive Financial Plan?
Generally speaking, the industry is in agreement that everyone should have a comprehensive financial plan. We take a slightly different stance. We feel that everyone will eventually need a plan, however not everyone currently needs one. We recognize that the investment in a comprehensive financial plan is significant and may not currently be the best use of your money. However, we are confident that for those in need of a financial plan, the return on investment for receiving unbiased, individually tailored financial advice is exponential in the long-term. We will gladly help you determine whether or not a financial plan will best suit your priorities at this time.
Comprehensive Financial Planning Fee
Our fee for a comprehensive financial plan is calculated on an hourly basis. The fee varies based on the complexity of the financial plan. However, the more engaged and organized you are, the more streamlined and less expensive the process is. The hourly rate for comprehensive financial planning is $150, the minimum fee is $2,500. The total cost will depend on the complexity of the financial plan.
Important- 50% of any fee charged for a Comprehesive Financial Plan shall be credited towards portfolio management (credit will apply for a maximum of 4 quarters).
2901 Bee Cave Rd., Box F, Austin, TX 78746