Fee Schedule

Financial Planning Fees:

The financial plan is the heart of any engagement.  Services that may be provided (depending on the individual client):

Fees: The current hourly rate is $150.  Average plans run between 10-25 hours or $1500 to $3,750. An estimated quote range is given to each prospective client during a “Get Acquainted” Meeting with the top end of that range guaranteed. $500 is due upon the signing of the client service agreement and the remainder of the balance is due at the conclusion of the planning engagement also known as the Presentation Meeting. There is no charge for the “Get Acquainted” Meeting.

Ongoing Wealth Advisory Services:

Ongoing relationships are the foundation of Cole Financial Planning. We seek to come alongside our clients to help coordinate the implementation of the financial plan and provide investment management and monitoring. Wealth Advisory services may include:

Fees: Fees for ongoing services are paid in the form of an annual retainer, ¼ paid each quarter. While we do not impose asset minimums, there is a minimum retainer fee of $3,000 per year regardless of invested assets. The annual retainer is recalculated each year at the client’s annual review. The balance as of the last billing date prior to the client’s annual review date is used as the basis for the upcoming year’s annual retainer rate. The annual retainer is based on the following schedule:

1% on the first $500,000 of invested assets
0.5% on the second $500,000 of invested assets
0.25% on invested assets over $1,000,000

Real Time Planning Services:

While financial planning is holistic and it is best to consider the big picture and how all the parts are working together, there are occasions when a smaller engagement may be in order. These would be circumstances where one can not afford a full financial plan or their circumstance just requires the expertise and advice on one issue. For those situations, Cole Financial Planning offers real time planning services. 

Fees:  $399. A typical real time engagement would include a 30 minute data gathering pre-session, 1-1 1/2 hour meeting and a 30 minute post meeting followup.  There are no formal reports available with real time planning. "Real Time" sessions are limited in scope and can typically only address one specific inquiry. These sessions are not intended and can not replace the benefit of comprehensive financial planning.