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Process & Fees

Confidently Achieve Financial Independence

I’ll work with you to develop a comprehensive plan that considers where you are now and the goals you have for the upcoming years ahead. Each element of your plan will be focused on minimizing taxes, building and protecting your wealth towards a lifetime of security.

Comprehensive Planning Solutions
That Can Help You...

Ensure that you're on track

Create a tax-efficient portfolio and withdrawal strategy

Use tax planning to minimize taxes

Optimize your equity compensation

The Process

In partnering together, your needs and goals are at the core of every step. Since I am a fee-based fiduciary, I do not answer to a third party or rush the process to receive a commission. I do not work for commission and instead have transparent fees that are tailored to your needs. Every phase of our work together is centered around you and collaborating on what you hope to achieve.

HWM believes that a flat fee is the most transparent and free from conflict of interest. No commissions, ever. For continuous financial planning, tax planning, and investment management:

Assets Under Advisement Annual Fee

First $1,000,000 $7200

Each additional $500,000 $1000

For example, a client with a $3,000,000 portfolio would pay an annual fee of $11,200, billed quarterly in arrears and deducted from one or more of your accounts at Schwab. This equates to 0.37% of assets.

What You Get:

  • Ongoing financial planning and tax planning with no less than 2 meetings per year (in-person or virtual)
  • Ongoing Investment management with monthly statements from Schwab, quarterly investment performance reports, and web/app visibility
  • Preparation and filing of your federal and state tax returns
  • Unlimited access to HWM as needed with a single point of contact

Interested in financial and/or tax planning, but prefer an investment roadmap to implement and manage yourself? A one-time fee for this service is $4800 for most clients, and usually requires 3-4 meetings over 3 months. Does not include tax preparation or investment management. Some clients start with a one-time plan and then transition to full-service.

Step 1: Phone Call

Schedule a brief introductory phone call to see if we're a fit for each other.

Reach Out To Chat

Step 2: Discovery Meeting

This meeting is designed to better understand your circumstances and discuss your goals and concerns. You’ll be able to ask any questions you have about my approach, and I’ll share more about how I can help. After we meet, I will send you a quote for a project-based engagement that spells out what we will cover.

Step 3: Initial Financial Plan

After understanding your goals and financial situation, I will build a financial plan, analyze the effect of different scenarios, and make recommendations on your investment portfolio, social security and pension claiming, tax reduction, and withdrawal strategies.

Step 4: Ongoing Financial Advice

Long-term relationships enable me to best serve you as things change in your life, and your plan calls for adjustments. If you are happy with the services I’ve provided, I’ll quote you for ongoing services, and we’ll start the paperwork to onboard you as a long-term client.

Straightforward Fees

Initial Financial Plan and Investment Roadmap

(3-4 meetings over 1-3 months)

$3,600 to $4,800 depending on complexity.  Most plans are at the minimum but can cost more if they include:

Stock option/Alternative Minimum Tax scenarios

More than 5 investment/retirement accounts

Tax planning strategies such as Roth conversions, qualified charitable distributions, and tax-loss harvesting

Tax Preparation: $450-$650 for most tax returns, including federal and state e-filing.

Options for Financial Advice After Initial Plan

Ongoing Financial Advice with Investment Management

  • As-needed updates to financial plan
  • Consolidated investment management
  • Quarterly investment performance reporting
  • Tax planning
  • Tax preparation

Annual Flat Fee : $6800 for singles, $8000 for couples, regardless of portfolio size

AUM Option : Clients can opt to be billed by a percentage of assets managed, based on the following schedule:

0.8% for first $500,000

0.4% for $500,000 to $3,000,000

0.2% for assets above $3,000,000

Ongoing Financial Advice without Investment Management

Clients who prefer to manage their own investments but still want dedicated financial planning, investment advice, and tax prep year round can either opt for subscription-based quarterly billing, or a refresh of the initial plan as needed, at reduced cost.

Get Started

If you have a few questions or you’d like to begin, reach out to schedule a time to talk.

Contact Me

For more information about our firm and the services we offer, send us a quick email or call the office. We would welcome the opportunity to speak with you. |  (978) 577-6358