The Ballast 6-Step Financial Planning Process:
A summary of the first 6 months working together.
1. Complementary Consultation
30 Minutes / Phone Call or Virtual
An introductory conversation to determine if a working relationship could be a good fit for both parties; if so, Onboarding and The Map Meeting are scheduled at the end of our call.
3. The Map Meeting
1 Hour / Virtual or In-Person
At this meeting, we will learn about you, your family and your business as well as your unique goals. By the end of the meeting, your unique financial planning priorities will be clear and the next step will be for us to prioritize the order in which they are addressed. A timeline will subsequently be created for us to follow.
2. On-Boarding / New Client Set-Up
30 Minutes
Phone or virtual meeting to open accounts and e-sign documents. Occasionally an in-person meeting is required, depending on the account types involved.
4. The Strategy Meeting
1.5 Hours / Virtual or In-Person
We will discuss your goals in more depth and create a timeline for addressing the most important items. Some recommendations will be made based on prior discussion and we will prioritize the next Financial Planning steps as they apply to you, including but not limited to:
Tax Planning and Intro to CPA
Estate Planning and Intro to Attorney
Risky Business: Insurance Analysis
Retirement Planning
5. The Delivery Meeting
1.5 Hours / Virtual or In-Person
We will review your Financial Plan and confirm the most important first steps for your success. Assets will be transferred in by this time and the investment strategy will be put in place.
6. Prescription For Prosperity
Ongoing
We will create a tailored schedule of follow-ups and check-ins based on your goals and financial plan.
Our comprehensive financial planning service starts at $2,500
All asset management clients begin with a comprehensive financial plan.
Hourly advice above and beyond the financial planning services is billed at $350 per hour.
Asset Management Fee Schedule For My Advice Architect
$1,000,000 to $1,499,999
$1,500,000 to $1,999,999
$2,000,000 to $2,999,999
$3,000,000 to $4,999,999
$5,000,000 to $9,999,999
$10,000,000 to $14,999,999
$15,000,000 to $24,999,999
Greater than $25,000,000
1.10%
1.00%
0.95%
0.85%
0.80%
0.70%
0.60%
0.50%
*Annual investment advisory fees are billed quarterly and based on the account value at the end of each quarter.
**Family members will benefit from account balance aggregation to achieve favorable advisory fee breakpoints
***In addition to above, clients pay a Cetera Program Fee and Manager Fee, based on selected investments.
Please refer to the Form ADV Part 2A at Cetera Advisor Networks for additional fee and cost information. Additional compensation may apply in the form of commissions for purchase of individual stocks, bonds and through service fees (12b-1) for mutual fund transactions. Fees, charges and expenses are detailed in the client agreement and the Cetera Advisor Networks LLC’s ADV Part 2A. Financial Advisor offering securities and advisory services through Cetera Advisor Networks LLC, Member FINRA/SIPC, a Broker-Dealer and a Registered Investment Advisor. Cetera is under separate ownership from any other named entity. Additional compensation may apply in the form of commissions for purchase of individual stocks, bonds and through service fees (12b-1) for mutual fund transactions. Fees, charges and expenses are detailed in the client agreement and the Cetera Advisor Networks LLC’s ADV Part 2A. Financial Advisor offering securities and advisory services through Cetera Advisor Networks LLC, Member FINRA/SIPC, a Broker-Dealer and a Registered Investment Advisor. Cetera is under separate ownership from any other named entity.
