Retainer-Based Financial Planning Services:
The IFPS retainer-based monthly subscription offering includes a comprehensive suite of financial planning services provided for a fixed subscription fee. New clients pay an initial fee for development of a comprehensive financial plan, then a flat monthly fee depending on complexity and a client's specific facts and circumstances.
A subscription platform allows for a strengthened partnership and ability to provide more comprehensive financial guidance when and how you need it. Additional information regarding retainer services is included below:
Phase 1. Taking Stock
This stage is focused on understanding your goals, your finances, and the levers at your disposal to optimize your financial situation, including:
- Goal assessment and prioritization
- Generation of a Net Worth Statement
- Inventory of key financial information, including:
- Workplace benefit offerings
- Risk management program
- Investment portfolio holdings
- Debt Summary
- Tax Returns
Phase 2. Creating a Customized Plan
Once you've shared your goals and we've assessed the opportunities associated with your current financial situation, we go to work to develop a comprehensive, customized financial plan, which may include:
- Investment Policy Statement and Asset Allocation Plan
- Detailed portfolio recommendations
- Saving and spending plan
- Insurance needs analysis and recommendations
- Estate planning guidance
- Debt repayment strategy