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Financial Planning Fees
Advice by the Hour
Kathy Hentges, CFP®'s hourly rate is $135 per hour billed in one minute increments.
Total cost depends on the scope of the work performed. You will receive an
upfront
estimate based on the number of hours your project may require. Below is an overview of the time typically required for financial
planning:
Each of the following areas generally require 1-2 hours ($135-$270) and are
very limited in
nature:
- General Questions
- Budgeting Overview
- Goal Setting
- Tax Estimate
The following require detailed financial analysis. The fee range is from
simple to complex, most people fall somewhere in middle to high end of the
range. Click on each service to learn
more:
-
Net Worth Check-up:
Fees range from $330 to $945.
- Goal Based Financial Plan:
Fees range from $670 to $1,500.
- Cash Flow Based Financial
Plan: Fees range from $900 to $2,200.
- 401k Planning:
Fees range from $400 to $890 per plan. Cost is lower when investment
advice is included with a complete financial plan. Prices assume
advisor is working with-in a "closed system" where investment choices are
limited to the options inside an employer plan.
- Investment Planning:
Fees range from $400 to $2,600 per plan. Cost is lower when
investment advice is included with a complete financial plan. Prices reflect the number
of accounts and the number and types of investments you currently own.
Prices assume
advisor is working with-in a "open system" where investment choices are not
limited to the options inside an employer plan.
The complexity of your financial situation determines the time
needed to appropriately answer questions or provide recommendations in any of
the above areas. Certain factors may add to the complexity of the process, increasing
the time involved in preparing the plan:
- Small Business Owner
- Self Employed
- Partners (married or not) that do not combine finances
- Multiple sources of income (rental, pension, etc.)
- Large number of investment holdings
- Large number (more then 20) of choices in your 401k
- Stock Options
You will receive a cost estimate specific to your circumstances prior to
engaging Applied Advisor. The above estimates are samples to help you get a general
idea of the costs involved and are not a specific offer of any service. Sample
prices are current as of January 1, 2010 and are subject to change without
notice.
The cost during the first year we work together will generally be the
highest. Once a plan is in place updates and small adjustments will take less
time then establishing the initial plan and therefore cost less.
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