As a fee-only fiduciary, we focus solely on you - your unique situation, needs, and goals - and act only in your best interests to develop and implement a strategy to improve your situation, meet your needs, and achieve your goals. Our wealth management service incorporates your complete financial picture, including identifying and clarifying your personal and family core values, mission, vision and goals; a deep-dive into your current financial situation; your needs regarding liquidity and asset preservation; asset accumulation and growth; and the eventual distribution and/or transfer of your accumulated assets.
We offer wealth management as a full, comprehensive experience or on an ad hoc basis, depending on your own personal needs and preferences. Our fees are structured accordingly; you choose what is best for you.
Assets Under Management (AUM)
The AUM fee structure is the most common at Financial Life Designs LLC.
AUM includes every aspect of our wealth management service, and the fees are determined as a percentage of your overall investment portfolio.
We have minimum requirements for AUM and are happy to review this when you contact us.
Project Planning
Project Planning offers you the freedom to 'self-manage' your wealth while collaborating with us on either a single aspect of wealth management - cash flow, for instance - or the full comprehensive wealth management experience. Project Planning does not include specific investment recommendations or ongoing investment management.
Project Planning fees are 'flat' fees that are determined by the project you select:
Comprehensive project planning fees are determined on the scope of the work involved. The fee is assessed upfront. Guidance up to one-year if requested.
Both Single Aspect and Comprehensive Project Planning are renewable, if you would like to continue the work or update the plan.
Hourly Rate Planning
Hourly planning provides you with an opportunity to review your financial situation in part or in whole and address any questions or concerns you may have.
The current hourly planning rate is $250, and fees are due and payable at the culmination of the hourly meeting. Meetings may be conducted virtually or in person, depending on your availability and preference.
