WHAT IS FINANCIAL PLANNING?
Financial planning involves diving into the details of your finances to develop a road map that you can follow in order to reach your goals. We evaluate your income, expenses, assets, and liabilities to help organize, optimize, grow, and protect your financial life. Once we understand where you’re headed, we are able to guide you on the most efficient path forward.
Our financial planning process generally consists of three meetings:
First, the introductory call where we get to know you and your financial situation in a bit more detail to find out if FMF is the right firm for you.
Second, after you’ve accepted the financial planning proposal and collected all the necessary documentation (net worth statement, investment statements, tax return, etc.), we get together for the Discovery Meeting. It’s here where we dive into the details of the assumptions that we will use when evaluating your financial plan.
The Third and final meeting is a review meeting where you will sit down with your CERTIFIED FINANCIAL PLANNER TM to discuss your plan and the recommendations we suggest.
The takeaway from this process is a clearly defined set of personalized recommendations that you can start implementing immediately. Afterwards, we are on your team to help implement the recommendations if needed. We also check in as needed to help keep you accountable and moving towards your goals.
WHY FINANCIAL PLANNING?
We believe financial planning can be a great investment for those looking to accomplish a specific short-term or long-term financial goal. It sets a framework around your personal finances to assist you make educated and informed financial decisions going forward. Our goal is for you to be confident in your financial future knowing that you also have an experienced advisor to help guide you along the way.
We understand that financial planning can be daunting at first. At Focused Mission Financial we aim to take the stress out of planning. We’re focused on you and your goals and will help ensure you both understand the recommendations we are making and give you the tools to help you execute.
Review Equity Compensation, such as RSUs, ISOs, NSOs, ESPP
Cash Flow Planning
Buying a House
Saving for Child’s Education
Insurance Review on topics such as Life Insurance, Disability Insurance, Long-Term Care, etc.
Tax Saving Strategies
THE COST BREAKDOWN
Being a fee-only means we don’t charge commissions, we don’t receive referral fees, there are no other hidden fees lurking behind the corner.
FMF charges an hourly rate which is currently $250.
Generally, FMF’s financial planning clients fall into two categories:
A Comprehensive Financial Plan
This is where the magic happens. You are taken through the full planning process where you will work hand in hand with your CERTIFIED FINANCIAL PLANNER TM Professional to develop your own personalized financial plan. Your financial situation is mapped out and evaluated to look for ways to optimize your hard earned dollars.
The general cost for a comprehensive financial plan ranges from $2,500 to $4,500 depending on complexity.
Hourly Financial Planning
This consists of a more focused or narrow scope of work. Maybe you have a question or two about your stock options, need to quickly update a portion of your financial plan, or just need to sit down with an advisor to sort some things out and you don’t require a full comprehensive financial plan at this point. If you have been a client of FMF’s before, there is no minimum time but if you are here for the first time, we do have a two-hour minimum project fee.
GET STARTED TODAY
The best way to find out if Focused Mission Financial is the right fit for your financial planning needs is to schedule a complimentary introductory call. This call normally lasts about 20-30 minutes. If FMF is the right fit for you, we will provide you with a more accurate quote at the end of this call. If we aren’t the right fit at this time, we will do our best to point you in the right direction.