Financial Life Advisors (FLA) wants to remain completely objective and independent when providing advice. FLA is making this commitment to remove as many conflicts of interest as possible so as to better serve our clients. Financial Life Advisors does not receive commissions or referral fees on ANY clients we serve.
With Financial Life Advisors you always deal with a CERTIFIED FINANCIAL PLANNER™ professional.
When you receive Financial Planning services from Financial Life Advisors, you will be led by a CERTIFIED FINANCIAL PLANNER™ professional. The CFP® mark is the industry standard for financial planning excellence having the highest education, testing, ethics and continuing education standards in the industry. CFP® professionals are trained in investments, insurance, income tax, retirement planning, estate planning and how all of these areas overlap and interact.
Financial Planning Services
For us to answer the complex questions, we must understand who you are and what you desire to achieve before we can help you plan your financial future. All our client relationships start with a comprehensive financial plan. We analyze your investments, insurance, income tax, estate planning documents and compare them to your financial goals. We make detailed written recommendations and present them to you after that analysis.
We typically quote fees for comprehensive plans on a binding fixed fee basis. The time required to complete each project varies widely based upon individual circumstances but generally, range from $3,000 to $10,000 for a comprehensive plan. Occasionally, we cannot accurately estimate the time involved and will offer an hourly agreement at our internal billings rates of $100-$400 per hour based on the team member involved. A written agreement covers all prices and term prior to the commencement of the agreement.
Ongoing Financial Planning with Investment Management
After completing the comprehensive financial planning process, many clients want us to provide ongoing asset management and planning. We wrap these two services up together in one wealth management fee based on the size of accounts we are managing.
Wealth Management Fee Schedule:
The total assets being managed for each client are subject to a minimum monthly asset management fee of $958.33. Accordingly, these services may be more appropriate for clients with investment assets of $1,000,000 or more.
Investment Management Only
After completing the comprehensive financial planning process, some clients want us to continue managing just their investments. We offer this investment management service under a fee that is based on the size of the accounts we manage. Please note that financial planning is not included in this service, but can be requested separately at an additional hourly or fixed fee when needed.
Foundational Management Fee Schedule:
The total assets being managed for each client are subject to a minimum monthly asset management fee of $81.25. Accordingly, these services may be more appropriate for clients with investment assets of $150,000 or more.
Disclosures:
At the outset of our relationship, we provide all clients with essential documents to ensure full transparency and understanding of our services. These disclosures include detailed information about our business relationships, fee arrangements, and privacy practices. We believe that comprehensive disclosure is the foundation of a trustworthy financial partnership.
Core Disclosures:
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Form CRS: A summary of our services, fees, and potential conflicts of interest.
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Form ADV : Detailed information about our advisory services, fees, and business practices.
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Privacy Policy: Our commitment to protecting your personal information and how we manage your data.
Additional Disclosures:
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Business Continuity Plan: Our plan to ensure uninterrupted service in the event of a significant disruption.
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Institute for the Fiduciary Standard’s Best Practices: Guidelines we follow to uphold the highest fiduciary standards in our client relationships.
