Personal Financial Planning (PFP)
Importantly from our perspective, the core noun in this three word term is planning. Personal and financial are “merely” adjective modifiers intended to focus in on or narrow down what type of planning is being addressed. We say this clearly and right up front because to us, planning, and the goal setting and strategy inherent in it, is really what this is all about. We are planners and strategists at heart and we think and act accordingly.
PFP is generally considered to have about six important and thus fairly commonly recognized subsets, facets, or aspects, that we as trained professionals will help you focus on and ultimately tie or integrate together towards your desired ends as follows:
- Financial management
- Risk management
- Estate planning
- Retirement/benefits planning
- Investment planning
- Tax planning
To paint a hopefully useful picture here, consider, in your mind’s eye, an umbrella, a PFP umbrella with an array of metal tines, each of which bears the name of one of those personal financial planning subsets enumerated above. To carry the metaphor further, consider that the metal tines are covered by and thus integrally connected by a fabric, such that any outside forces effecting any of them moves, or otherwise impacts on, to one degree or another, all of them. To complete this mental picture based metaphor, consider that the fabric covered tines are based upon and connected to a handle, with the handle representing what matters most to you,… your vision, your mission, your goals and objectives.
We bring all our resources, including training, process, technology, and experience to bear as indicated in every single case to help our clients with every salient part of that “PFP umbrella”. Our planning support services include help in clarifying and articulating, in writing, what matters most to you and why, and addressing and integrating each of the above listed subsets of PFP in such a manner as to improve the alignment of your unique resources, including both your material and financial capital, as well as your human capital, with what you have clarified and articulated holds value to you. Thus, we think of ourselves not just as planners, but as resource alignment specialists whose job it is to help you align all your resources in such a manner as to either accelerate the accomplishment of your goals and thus expedite the realization of your vision, or to improve the overall likelihood of the goals ultimately being realized, or, we believe most commonly, both of the above. In other words, we strive to help you, as indicated, with tightening up both the timing and the certainty of realizing your vision.
Real, professionally facilitated personal financial planning is a lifelong journey, and one on which it is seldom too early or too late to embark. As facilitators along this lifelong path of conversation, discovery, and conscious intent, we will serve variously as your guides, your advisors, your sounding board, your coach, your information resource, and very importantly, your advocate. We are our clients “go to” place for information, and decision support in myriad aspects of life.
Our planning clients typically put us on their monthly “payroll” for a modest monthly fee that positions our planning perspective and support literally just an email, phone call, or visit away. The first year or two of the engagement is what we term the organizational stage wherein we help clients clarify and articulate goals in writing and make a first cut through on the various tines of the financial planning umbrella referenced above. After that, the labor intensity often subsides and periodic reviews and planner access for questions, guidance, coaching, and technical support become most important. In the post-organizational stage, where the bulk of the upfront discovery and organizational work has already been accomplished, our monthly fee commonly reduces materially, by perhaps as much as 25%.
This deep planning support is surprisingly affordable to most people. If you’ve read this far, you are very likely a good candidate for our PFP services. Importantly, the nominal fee cost for our services is inherently only a true net cost to our clients to the extent they perceive no offsetting value–add in return for payment of those fees. In our experience that latter occurrence is very rarely the case. Rather, it is not uncommon for us to provide, in the regular course of planning conversation and casework, small, individual pieces of planning guidance that, on their own, wind up saving clients several years of monthly planning fee costs. Real planning pays, it doesn’t cost. Otherwise, it is wholly nonsensical and not something we care to be a part of.
Beyond the planning casework itself, we can also help you with implementation, either directly, in areas such as investments and certain insurances wherein we are duly qualified and licensed, or otherwise indirectly via referral, and/or liasoning as indicated per the situation.
Who are our clients? We are an eclectic, three decades old referral based planning firm serving a geographically and demographically pretty widely ranging variety of clients. Because of that, our clientele includes young, future oriented people just starting out in life and seeking to do things right starting early, to highly accomplished and exceedingly actualized and successful mature adults, and of course a very wide swath of many individuals and families in between.
Please contact us to find out how we may be able to help you with professional planning support and at what fee level. You may rest assured that no one will take your business more seriously, nor treat it more confidentially than we will.