Services
Personal Planning and Monitoring
A personal financial plan is no more than a organized binder of paper. It is merely a starting point for goals a family attempts to achieve. To achieve these personal goals requires the careful alignment of personal resources to the building and protecting of wealth. It requires a careful assessment of risks, planning to minimize taxes, evaluating transactions before consummation and comparing results to goals.
Your Personal CFO
Similar to a Chief Financial Officer of a business, we act as the CFO of your personal affairs. Go back to the presentation on the functions of a CFO. By providing all the necessary accounting, household employment, tax compliance and other personal administration services our family clients are free to enjoy life and spend more time increasing wealth. We pay all your bills, we validate all income sources, and we work with you to avoid unnecessary current and future costs.
We issue both personal and trust financial statements, tax projections and recommendations and a personal CFO memorandum with monthly results and recommendations.
We provide a face-to-face quarterly meeting and present the results of the plan in a comprehensive plan binder and a chronological library of all previous quarter monitoring results on your personal extranet site.
Fees
As mentioned before, we seek only families serious about their financial future. We will require that we perform all your personal and trust accounting. Fees begin at $500 per month for a personal financial statement and $500 per month for each trust established. There is no charge for tax return preparations, or audit support should a return be randomly selected by federal or state tax agencies.
Cost vs. Benefits
If you make a financial or compliance mistake the effects can set your financial goals back or even devastate them completely. The costs of litigation for improper trustee duties can devastate trust assets. Failure to file complete and accurate returns can result in a never ending collection process. Failure to assess the risks in alternative investments or lack of due diligence also have severe material financial consequences, let alone time lost.
Since we take on these functions, we are the accountable party. Request trial access to our "Client Reference Center" to learn in detail what all we provide.
