A Holistic Approach to Financial Planning
Fee Only Financial Advisor NYC
Who needs a financial planner?
Everyone! Individuals, parents, entrepreneurs, or retirees—everyone needs to keep track of the money in their life. And financial planning is not just about crunching numbers. It’s about getting to know you and your goals.
To start off, we’ll walk through a bunch of questions like the ones below. Then, I’ll create an actionable financial plan and be there to manage it for you — even when those plans change. Having a financial planner is like having an anchor (or two) when you’re caught in a storm. I help you weather even the toughest situations with confidence.
What is Financial Planning?
Financial planning is all about preparing for the life you imagine.
Sound hokey? Not to us. Thinking Big Financial considers all aspects of your financial life to help you achieve your goals and more. Our financial planning process covers topics and questions like:
Wealth Planning
- Are you saving enough for your goals?
- Are you managing your debt efficiently?
- Do you have a spending plan?
Taxes
- Do your taxes fit into the bigger picture of your life?
- Are you paying too much in taxes?
- Are you avoiding unnecessary losses from your investments?
Risk Management
- Do you have enough life insurance?
- Do you need disability insurance?
- Are you protected against accidents and lawsuits?
Estate Planning
- Do you have a will?
- Do you have a power of attorney?
- Are your account’s beneficiaries up to date?
A Collaborative Approach to Financial Planning
Achieving financial security isn’t impossible, especially with the right partner. Thinking Big Financial listens to what you need to create a well-structured financial plan that keeps your security at the forefront.
We use a collaborative process to help you grow, manage, and protect your assets. We leverage our years of experience in the industry to provide you with the peace of mind that you deserve while bringing you closer to meeting your financial goals.
Financial planning is a crucial step in mapping out your future. When you have a solid plan and work with an experienced professional, it’s easier to make the right financial choices for your life.
How Do You Charge for Your Services?
As a fee-only financial advisor, the only cost of financial planning is a flat annual fee.
Fees for holistic financial planning are based on how much money you earn and your net worth (meaning all your assets minus your debts). Here’s how I calculate fees:
- 1.0% of income; plus
- 0.35% of your net worth
The fee is subject to a minimum annual fee of $5,000 for individuals and $7,000 for couples households. So in other words, if your calculated fee comes out below that level, the fee is set at the minimum ($5,000 or $7,000 depending on if you are an individual or couple). Fees can be paid in monthly or quarterly installments.
Example: Let’s say you’re an individual and you make $300,000 and have $500,000 of net worth. Your calculated fee would be:
- Income Component: 1.0% x $300,000 = $3,000
- Net Worth Component: 0.35% x $500,000 = $1,750
- Calculated fee = $3,000 + $1,750 = $4,750.
- Since the fee is below the minimum level, it would be set at $5,000 (since you are an individual).
Fees include all financial planning and investment management services.
Expert Financial Planner in New York City
Many of us would like to improve our financial health but lack the tools, time or knowledge to make it happen on our own. That’s where professional financial advice comes in.
At Thinking Big, our financial planning services are customizable depending on your needs. All our strategies and recommendations are clear, comprehensive, and give you peace of mind.
We’ll begin by talking about your overall vision for your life: Do you want to own a home? Travel the world? Change careers? Adopt kids? Next, we’ll do a comprehensive analysis of all aspects of your financial life from cash flow to tax planning to investment management.
We’ll take a look at your financial situation, short and long-term goals, and anticipated changes to your lifestyle. Depending on your needs, I can help you come up with a spending plan, a risk management strategy, and even an estate plan. I’ll create an actionable roadmap to kickstart your financial journey. Together, we’ll assess these recommendations so you feel completely comfortable with moving forward.
Instead of cookie-cutter solutions, or someone telling you what to do, we’ll collaborate to design a financial plan that’s unique to you. You’ll have unlimited access to an advisor with well-rounded experience and exceptional expertise. Someone you can trust to nurture your financial health and help you work toward your financial goals and milestones.
In short, Thinking Big will be in your corner through it all.