Transparent Fees Are Important and Here’s Why
You work hard for your money and you should know how you’re spending it. At Taylor Financial Group, we understand that, which is why we believe that offering great solutions, providing superior service, and communicating our fees are some of the most important things we can do for you. We provide a comprehensive list of services, plenty of choices, and a clear fee structure that’s easy to understand, so that you can choose what works best for you.
Getting Started with Our One-Hour Consultation – $250 (discounted from $400)
Our one-hour consultation fee covers your initial meeting, as well as the work that occurs prior to (and after) your first meeting. We start our process by giving you the opportunity to complete a Confidential Client Profile Questionnaire and Risk Tolerance Questionnaire. At the meeting, we review your financial situation and discuss whatever is on your mind. The meeting also gives us an opportunity to get to know each other, discuss your needs, and decide if the relationship is a good fit. Afterwards, we create a personal proposal that describes the services that you would benefit from and the fees. In essence, we lay out the specific areas where we will work together to help make a difference in your life. If we choose to work together, your initial consultation is considered complimentary and is credited back to you in your overall financial planning fee.
Want to do something a little more (or less) serious with us? Our many service options make it easy for you to get only what you want and need, whether that be the Silver Package, the Gold Package, or the Platinum Package with all the bells and whistles (which includes investment management). You can even pay for hourly advice on specific issues, without having to commit to any other financial planning service. In short, we want you to choose whatever works for you.
Investment Management and Planning (The Platinum Package)
We typically accept clients with a minimum of $750,000 in investable assets. Clients that satisfy the investment minimum receive our Platinum Package and our additional services, which include investment planning, estate planning and probate, retirement planning using our WealthMatch™ software, risk management and insurance planning, cash flow and budgeting, and tax planning. We do accept clients who don’t meet the investment minimum, and we discuss those additional options below.
Our minimum fee on investable assets is typically 1.10% and includes a wide range of investment and planning services. The fee can range higher (or lower) depending on the complexity of your situation, account size, and services requested. All fees are clearly explained in all of our proposals and are mutually agreed upon prior to you becoming a client.
What if you don’t meet the investment minimum or you are looking for a different arrangement? No problem! We have other options to choose from…
Building a Financial Plan Is Like Creating a Roadmap, and Everyone Should Have One.
We believe that every client needs a plan. Your financial plan will serve as a map that will help you live life to the fullest with financial confidence. We follow a proven Six-Step Process, which helps us to create a financial plan that is specifically tailored to you and your goals.
Our initial discovery process is the most important step because it allows us to learn all about you. To make sure we understand your needs and goals, we ask that you complete our Confidential Client Profile Questionnaire, as well as our Risk Tolerance Questionnaire, and then we hold an initial meeting. These questionnaires and our time together help us draw a more complete financial picture and give us insight into which paths may be best for you. After that, we perform additional research, ask follow up questions, and thoughtfully create the initial draft of your personalized plan.
Your plan could address such diverse topics as college planning, retirement funding and planning, creating a legacy, debt reduction or tax planning, just to name a few areas. For a more thorough and complete list of the many areas we cover, see our Financial Future Planning Chart.
Once we confirm that your plan is aligned with your future, we begin executing on the plan, which means very different things to everyone. That’s why, throughout our relationship, we focus on maintaining and monitoring that plan by having periodic check-ins and meetings with you throughout the year, which are critical to monitoring your progress and working toward your goals.
Not Sure Which Services You Need? Our Fee Schedule Makes It Simple for You to Decide!
Who Is a Next Generation Client? You are typically in your 20s or 30s, have been in the workforce for less than 10 years and are trying to figure out how to effectively save your money. You may still have some college (or other) debt that you are trying to pay off, but you also want to start saving for retirement and future large purchases.
Who Is a Young Accumulator? You are typically in your 40s, established in your career and want to focus more on saving and planning for retirement, and you need advice on pre-retirement decisions. You may be considering a career change, perhaps you need a review of your employee benefits or stock options, or you may be planning for the expense of college tuition(s).
Who Is a Pre-Retiree / Retiree? You are typically in your 50s or beyond, approaching retirement and you have multiple sources of compensation, possibly a deferred compensation plan. You have stock options or restricted stocks that make up a growing percentage of your net worth. You need advice regarding tax and estate planning to make sure you don’t face any future penalties or issues.
Who Is a High Complexity Planning Client? Your overall financial situation is highly complex for one reason or another, or you may have a specific complex matter that requires specialized service. You have multiple levels of income and may even be a business owner. You have sophisticated investments, or complicated insurance policies or a large estate, all of which require unique tax and estate planning.
Pay-as-You-Go: Hourly Rates for Additional Planning Matters and Professional Support ($280–$400 / hour)
If you still feel like you need more flexibility, you can take advantage of our Pay-as-You-Go option, which gives you the flexibility to receive advice on your specific situation at a price you control. This option is available to you with or without one of our financial planning and/or investment management packages, because we understand that sometimes you just want some advice and assistance. As a client (with no investment management), our hourly rates give us the ability to help you with more complex planning matters (such as divorce support, college planning, stock option planning, and pension analysis), as well as with advanced tax and estate planning. We are also often called upon to work and meet with our clients’ other advisors (CPAs, attorneys, etc.) to provide analysis or discuss best options for a specific situation.
Our normal hourly fees range from $280 (for staff support) to $400 (for Debbie Taylor and Rob Taylor). However, for those of you who would like to buy a package of hours, we do offer the option to pre-pay for hours at a discounted blended rate of $300. In addition, if you don’t meet the $750,000 investment minimum for the Platinum Package, but you have already purchased either the Gold or Silver Package, pre-paid hours come at an even bigger discount, with a 20% discount on assets under management of $200k – $500k and a 30% discount on assets under management of $500k – $700k.
No matter what your situation or need, rest assured that we have the services and options to help you pursue your goals and take control of your future.
To find out more about the services we offer, please browse our website. If you have any questions, please email or call our office and we would be happy to discuss how we can handle your specific situation.
At times, we may recommend the purchase of insurance policies, annuities, and 529 Plans. In these instances, we are paid via commissions by insurance companies and investment sponsors, which we will disclose in advance.
Please keep in mind that all fees are subject to adjustment based on each client’s unique circumstances and goals.
Packages and benefits stated herein apply to new clients. Due to the ongoing nature of work for existing clients, they should call to discuss.