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Comprehensive Planning

Comprehensive Plannnig

A full plan (the most cost-efficient) includes all of the following four areas listed but in most cases advice can be provided unbundled and on an as-needed basis.

  • CASH FLOW/RETIREMENT COUNSEL
  • INVESTMENT ANALYSIS
  • RISK MANAGEMENT
  • ESTATE PLANNING COUNSEL/DESIGN

A good financial plan looks at all aspects of your financial life. Topics include retirement planning, specific investment recommendations, tax planning, college saving, risk management review, estate planning, and more.

Level 1

$3,500-$7,000 (hourly rate $350/hr)
Low Complexity – usually between 10-20 hours

You might fit this category if:

  • You would benefit from a detailed cash flow and net worth projection;
  • You are interested in exploring the timing of financial independence or retirement;
  • You want to be more proactive in your tax planning;
  • You have savings in 401(k) and/or IRA accounts;
  • You might be considering college planning for young children;
  • You are seeking objective advice about basic insurance coverage and estate design;
  • You want to build a framework for making financial decisions.

What you receive:

This is an in-depth review of your financial situation with advice tailored to you. We complete an analysis based on the service areas that the client requests. We then provide a detailed report that typically includes a cash flow/net worth projection, specific financial planning recommendations and personalized investment advice. Meeting is billed at actual time involved. You graduate into the higher levels based on amount of complexity involved in your situation.

Level 2

$4,200-$8,750 (hourly rate $350/hr)
Low to Moderate Complexity – usually between 12-25 hours

You might fit this category if:

  • You have the characteristics of level 1 to a more complex degree;
  • You are established in your career or are approaching retirement;
  • You seek advice on pre-retirement decisions;
  • You may have existing insurance policies or estate documents;
  • You may have received an inheritance or other windfall;
  • You have accumulated a moderate level of investments.

What you receive:

This is an in-depth review of your financial situation with advice tailored to you. We complete an analysis based on the service areas that the client requests. We then provide a detailed report that typically includes a cash flow/net worth projection, specific financial planning recommendations and personalized investment advice. Meeting is billed at actual time involved. You graduate into the higher levels based on amount of complexity involved in your situation.

Level 3

$5,250-$10,500 (hourly rate $350/hr)
Moderate Complexity – usually between 15-30 hours

You might fit this category if:

  • You have the characteristics of level 2 to a more complex degree;
  • You are established in your career or approaching retirement;
  • You seek advice on pre-retirement decisions;
  • You may have existing insurance policies or estate documents;
  • You may have received an inheritance or other windfall;
  • You have accumulated a moderate level of investments.

What you receive:

This is an in-depth review of your financial situation with advice tailored to you. We complete an analysis based on the service areas that the client requests. We then provide a detailed report that typically includes a cash flow/net worth projection, specific financial planning recommendations and personalized investment advice. Meeting is billed at actual time involved. You graduate into the higher levels based on amount of complexity involved in your situation.

Level 4

$8,750-$14,000 (hourly rate $350/hr)
Moderate to High Complexity – usually between 25-40 hours

You might fit this category if:

  • You have the characteristics of level 3 to a more complex degree;
  • You have multiple sources of compensation;
  • Stock options or restricted stocks make up an appreciable percentage of your net worth;
  • You have participated in deferred compensations for several years and have multiple elections;
  • You are the primary owner of a business that has multiple employees.

What you receive:

This is an in-depth review of your financial situation with advice tailored to you. We complete an analysis based on the service areas that the client requests. We then provide a detailed report that typically includes a cash flow/net worth projection, specific financial planning recommendations and personalized investment advice. Meeting is billed at actual time involved. You graduate into the higher levels based on amount of complexity involved in your situation.

Level 5

$14,000 or more (hourly rate $350/hr)
High Complexity – usually 40 hours or more

You might fit this category if:

  • You have a highly complex overall financial situation, or have one particularly complex service area;
  • You have characteristics of level 4 but to a more complex degree;
  • You have multiple levels of income or are a business owner;
  • You have sophisticated investments;
  • You own complicated insurance polices;
  • You have a large estate.

What you receive:

We may either provide a detailed analysis on all the service areas, or else hourly ongoing financial advice on only one complicated service area. We assist clients in areas such as working through large estates, reviewing complicated insurance policies, advising on small businesses or partnerships, and/or other complex topics as needed.

Gauge your level of complexity

This chart lists most of the different aspects of financial planning. The levels represent the degree of complexity and will help you get an idea of how much financial planning will cost with Open Path Financial. To review my pricing for each level, visit my fees page.