|
|
|
Retainers
Pinnacle Financial Concepts, 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.
Standard Retainer
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:
Tax Planning
Individual Income Tax Return Preparation
Retirement Planning
Review of Insurance Coverage and Needs
Estate Planning-Will and Health Power of Attorney
Investment Portfolio Review
Budgeting and Record Keeping
Goal Setting
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.
Investment Retainer
Some clients only want management of their investments without comprehensive planning.
For a limited number of clients Pinnacle Financial Concepts, 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.
Project Retainer
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.
|
|
