Financial Planning is an ongoing process where we aim to understand your life, and your money and then we work together to connect your money to your life.
We start by creating a single picture of your entire financial life, that shows how the pieces fit together; a financial map.
The next step is a process to identify your goals and create a vision for this new and exciting phase of your life; Your Best Retirement.
Strategies for achieving the goals are developed, preferred approaches are selected from the available alternatives, and then we help you to implement your plan. A plan document on a shelf will not achieve your goals.
Ongoing support ensures that you stay on track, and allows for any needed adjustments as you implement your plan.
You will find everything in one place on your personal financial website through our planning software, Right Capital. The website give you access to Net Worth, Goals, Income Sources, Expenses, Taxes, Investments, Estate Plan & a secure document vault to store your important documents.
An investment management plan will be tailored to your specific needs and goals, which is why it works best as part of a comprehensive financial plan.
Together we will create an investment plan that helps you to achieve your goals, and supports your lifestyle, while also letting you sleep well at night.
We will develop an asset allocation strategy, and specific investment portfolio recommendations, that are designed to achieve your goals.
We will implement your Investment Strategy and keep it on track for you.
Retirement Income Planning
Tax Return Review
Tax Sensitive Investing
Review of Cost Basis
Capital Gain / Loss Harvesting
Qualified Charitable Distributions
Roth IRA Conversions
Tax Location & Allocation Strategies
Keeping up with changes to Tax Laws
Tax Sensitive Rebalancing
Safe Withdrawal Strategies
Life happens. Inevitably your plan will require changes over time. Whether due to changing markets or tax legislation, changing goals, or changes to your health, your plan will need to evolve. We are with you every step of the way monitoring and collaborating with you to keep your plan on track.
COMPREHENSIVE FINANCIAL PLANNING WITH INVESTMENT MANAGEMENT
After an initial engagement fee of $2500 we charge 0.6% of assets under advisement, with a minimum annual fee of $9000. Investment Management is included with Comprehensive Financial Planning. There is no minimum asset requirement. We do not charge any other fees. Clients may pay the annual fee in monthly or quarterly installments. You may choose to have fees deducted directly from your investment accounts under our management at Charles Schwab or Altruist or to pay via bank ACH transfer or credit card. You will find that most advisors charge between 1% and 2%. We work hard to manage our operating costs so that we can provide outstanding service for a reasonable fee.
COMPREHENSIVE FINANCIAL PLANNING WITH INVESTMENT MANAGEMENT FEE EXAMPLE
If you are not ready to begin an ongoing financial planning relationship, North Haven Financial offers a limited engagement Retirement Assessment process. This service can be a good way for you to test the waters and determine if an ongoing retirement planning relationship is right for you. The Retirement Assessment will provide answers to the most common questions about your retirement readiness, and provide a roadmap with steps that you can implement yourself to prepare for retirement. We will meet to answer questions and gather information. Our team will then analyze your situation, prepare your assessment and a list of specific recommendations. We will meet with you a second time to share our observations and explain the recommendations.
The fee for the Retirement Assessment is $2000.
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