Who: For clients who have investment portfolios accumulated from retirement accounts, insurance policies, inheritances, etc., and desire professional advice, management and review of the portfolio.
How: The client and I review short and long term goals and needs, the current portfolio, and investment experience. Recommendations are made, discussed, adjusted if necessary, and implemented only upon client approval. The portfolio is reviewed periodically for performance relative to its goal. Ongoing consultation for most financial planning matters is included with this service.
Fee: The fee is a stated percentage of the portfolio and is based on the complexity of the client's situation and the value of the portfolio managed. My compensation is directly tied to the client's success and ongoing satisfaction with my service.
Who: Clients with financial planning needs that do not require portfolio management. Generally such an engagement will require ongoing review and implementation.
How: We perform a comprehensive analysis of the situation, quantify and prioritize goals, recommend solutions and assist with implementation. Progress is reviewed periodically and based on stated goals.
Fee: The fee is based on the overall complexity and scope of the engagement. Typically the charge will be a flat retainer fee for a specified time period.
Who: Clients with relatively uncomplicated financial needs or questions. Clients who are seeking a "second opinion." Such needs might include, but are not limited to: 401k, insurance, or mortgage reviews.
How: Client presents the question, the question is researched when necessary and advice is delivered. Implementation and progress reviews are the client's responsibility. It is possible such engagements may be completed entirely via telephone conversation or email communication for maximum convenience.
Fee: The fee is typically billed on an hourly basis at $150/hour. Retainer arrangements are available for clients who have a need for ongoing advice.
These are brief descriptions of the services I provide. Given that each client's objectives, goals, experience and tax situation are different, flexibility is required to provide truly personal advice and service.
Copyright 2015 Greg Hodges Financial Advisory. All rights reserved.