It's Not Just Money, Inc. has several retainer arrangements available to allow clients
to choose a package of services that meets their needs. To allow our clients to get the
maximum attention for the services they choose, we do not work strictly on an hourly basis.
We strongly feel that this is the best retainer for most clients. This retainer establishes a
relationship where the clients receive the full benefits of the services we have available. A
client generally meets with their planner six to eight times per year during the first two
years, depending on the complexity of their situation, to create and begin implementation of
their comprehensive plan. The areas covered include:
Individual Income Tax Return Preparation
Review of Insurance Coverage and Needs
Estate Planning-Will and Health Power of Attorney
Investment Portfolio Review
Budgeting and Record Keeping
Asset Allocation and Investment Implementation
General Financial Planning
This retainer is open ended, which means that there is not a limited number of appointments
or amount of time for each item. Clients may schedule additional appointments or call for
information between appointments on the topics listed above. This allows them to deal with
changes without an added charge. Because much information is gathered and processed during the
first year, the retainer for the first two years may be larger than subsequent years. Standard
Retainers range in cost from $2,500 to $25,000 for the first year with subsequent years ranging
from $2,000 to $20,000. The cost is determined specifically for each client and depends on the
complexity of the client's situation.
Some clients only want management of their investments without comprehensive planning.
For a limited number of clients It's Not Just Money, Inc. will manage a client's
investment portfolio without comprehensive planning. This would include investment
recommendations and the monitoring of the client's investable assets, including assets such as
401ks. As with the Standard Retainer, this does not limit the number of appointments or calls
available to the client in regard to their assets, nor does it limit the number of hours the
planner will spend on recommendations and asset monitoring. This retainer does not, however,
include other financial services available through the firm. The cost of these retainers is
determined based on the existing and potential investments for each client and will generally
be between $2,000 and $20,000 annually.
When a Standard Retainer has more services than a client wants, we can customize a retainer
to include only the services they want. They can choose from the services offered in the
Standard Retainer for a predetermined annual fee. These fees will range from $2,000 to $20,000.
Clients may upgrade from this retainer to a Standard Retainer within one year of the original
contract and apply the fee toward the Standard Retainer.
Focused Financial Review
$500 fee includes:
Twenty minute telephone appointment to answer your questions about the process and briefly discuss the topics you would like to discuss.
Two hour meeting with a Certified Financial Planner to review limited aspects of your financial situation, this is not a full financial plan.
At the end of the two hour meeting, you will leave the appointment with a written summary of the major points discussed during your meeting.
There is no further obligation on your part or on the part of It's Not Just Money, Inc.
Some topics that may be addressed during the appointment include:
No tax preparation or investment implementation is included in this review. This is not a full
financial plan. It is a brief overview of your financial progress and a review of limited aspects of
your financial situation.
- Retirement/Financial Independence Analysis
- Basic Financial Assessment
- Discussion of general financial strategy
- Tax planning for current year
- Recommendation of possible tax strategies to consider
- Financial Life Cycle and general asset allocation
- Analysis of current costs being incurred for financial advice
If you are interested in becoming a full, It's Not Just Money retainer client, the full amount
for the Focused Financial Review will be applied against the initial retainer if you decide to
become an ongoing client within thirty days.