Financial planning is the foundation of what we do at Bobb Financial. While we offer other services, this is where we feel we can provide the most value. Comprehensive financial planning involves a process of looking at a person's entire financial picture.
We do one-time financial plans, as well as ongoing financial planning which can be broken down to a monthly or quarterly fee.
Financial Planning
Our financial planning process includes:
- Goal setting
- Cash management
- Debt analysis
- Investment analysis and management
- Income tax planning
- Estate planning
- College funding
- Insurance analysis
- Retirement planning
- Employee benefit analysis
- Charitable gifting
- Business continuation
We do ongoing financial planning, as well as one time financial plans.
We view financial planning as an ongoing, ever changing process. A plan can be out of date a few months after it is implemented. Events like a:
- marriage
- divorce
- job change
- having kids
- losing a loved one
- disability can all have a significant impact on your plan.
The list of events that can alter your life are endless, not to mention changes in your "wants and needs" as you go through life.
Investment Management
Our belief is that we can provide tremendous value to our clients by managing their assets. We do three things in the investment management process that our clients are not able to do.
- Make investment decisions without involving emotion
- Save time for our clients by allowing them to focus on what is important to them while we manage their money
- Leverage professional caliber investment strategies that are backed by decades of research
If you are looking for stock pickers - we aren't the right fit for you. If you are looking for tested strategies backed by sound research, then we should talk.
Schedule a introductory call below if you would like to have a discussion regarding investment management.
Fees
We work with people is two basic ways:
- project work
- ongoing planning and investment management
While ongoing planning and investment management is our focus, we also do one time project work as time allows.
Fees for project work range from $300 for an hour consultation, to $1200-$2500 for detailed plans. It is possible to have a scenario that would fall outside of that range, but not normal.
Flat fees for ongoing planning and investment management typically range from $5000-$9000 a year. All new clients will pay a flat annual fee versus the traditional Assets Under Management (AUM) fee.
Why flat fees? We find a flat fee to be the fairest way of working with clients. A flat fee removes many conflicts of interest such as an advisor telling you to take money out of TSP so that advisor can get paid. Paying your advisor a flat fee helps to make sure the advice you are given is in your best interest. We also don't believe that an advisor does twice the work for a household that has $2 million in assets versus the household that has $1 million in assets, therefore we don't charge twice the fee.