Financial Planning Services
Overview
Janus Financial Planning is a fee-only firm, meaning the only compensation I receive is directly from my clients for my services. I do not receive commissions for investments or products sold, nor do I receive any compensation for referrals. All fees and options are shown below, fully transparent from the start. My primary service is Ongoing Comprehensive Financial Planning with Investment Management as an option. Alternatively, I can always work on a Project Based agreement where the scope and duration is limited.
But first, what does "Financial Planning" entail? Simply, anything with a "$" in your life. Here's a few examples:
Ongoing Financial Planning
This service involves working one-on-one over an extended period of time. Through this ongoing arrangement, Clients collaborate with me to develop, implement, and maintain their financial plan. I will monitor the plan, recommend any appropriate changes and ensure the plan is up-to-date as the Client’s situation, goals, and objectives evolve.
I charge a recurring fixed fee for Ongoing Financial Planning. Fees are paid monthly in arrears, ranging from $100 to $300 per month. The fee is dependent upon the specific needs of the Client, complexity, estimated time, research, and resources required to provide services to you. Fees are negotiable and the final agreed upon fee will be outlined in your Advisory Contract.
I kick off all Ongoing Engagements with the 8 week "Initial Plan Process":
Initial Plan Process
If at any point up to, and including, the "Initial Plan Delivery" you are not satisfied with the level of service, I will refund all payments to date. The Ongoing Engagement is my commitment to a long term relationship with you. This process can be time intensive, but is a necessary step to getting you started on the right path going forward.
After we establish the Initial Plan, we will transition into our ongoing service:
Ongoing Planning Annual Client Service Calendar
Investment Management
For Clients engaged in Ongoing Financial Planning, we offer customized investment management. This frees you up to do more of the things you love. The annual Investment Management fee is 0.6% for the first $1M of assets, reducing to 0.4% after that. Investment Management isn't for everyone, and as such, this is strictly optional. This fee is in addition to the Ongoing Planning fee for those who choose to enroll. I do not have an asset minimum to enroll these services.
In addition to your customized portfolio, this service generates value through tax-loss harvesting, tax-efficient asset location, and opportunistic rebalancing to name a few.
Project-Based Planning
Sometimes you are looking for advice on a limited, specific scope. This is where our Project-Based Planning comes in. These fees are negotiable with the final agreed upon fee included in the contract at a fixed rate. This rate can take the form of hourly at $200, billed in increments of 15 minutes, or it can be a lump sum. A comprehensive plan where implementation is left to you ranges from $500 to $2,500. This can also be a great way to test our level of service!