We believe ongoing relationships are the most conducive to accomplishing long-term financial goals and therefore Wealth Management and Financial Planning are our cornerstone offerings. Regardless of how we work with you, we are unwavering in our commitment to the following:
We’re not affiliated with a broker or bank, so we’re free to consider the best solutions for your situation, without using the “company products”. As Fee-Only planners, we don’t receive any third-party commissions, referral fees, or kickbacks. We choose the best solutions for you, free from conflicts of interest caused by who’s paying the bill.
The highest standard of care you can expect from a financial adviser is the fiduciary standard. We are legally bound to place your interests above our own at all times, and we will act with loyalty and care to make sure you receive advice that is as accurate and thorough as possible. If there is any conflict of interest, we will disclose it to you so that you can make the best decision. You need to determine if your adviser or potential adviser will provide fiduciary-level advice to you.
A CERTIFIED FINANCIAL PLANNER™ is a practitioner who has met the requirements set by the CFP® Board of Standards in education, examination, experience, and ethics. The CFP® is considered the premier designation for financial planners and establishes a baseline of competency for practitioners. Quinn, Jean, and Eric are all CFP® professionals.
We are based in the Cedar Rapids, IA and Iowa City, IA area, but not limited to those cities. We can take advantage of the latest online tools to meet virtually and develop your plan– no in-person meeting necessary!
We use a disciplined approach to investing that is based on the principles of Nobel Prize-winning research. We strive to help you maximize your investment returns, while minimizing the ups-and-downs of the market. All of our portfolios are managed on an individual basis suited to your unique goals and values.
The major tenets of our philosophy are portfolio construction, diversification, cost minimization, disciplined rebalancing, tax efficiency, and simplicity. These are the areas of investment management that investors have the most control over, yet often they are neglected in favor of chasing hot funds or trying to time the market.
Comprehensive Wealth Management is the highest level of service we offer. We act as your personal CFO providing guidance on all areas of your financial life. In addition, we coordinate with your other professionals (CPAs, attorneys, insurance agents, etc.) to ensure that your total financial situation is in line with your life goals. It includes:
• Investment Analysis and Management
• Retirement Planning and Projections
• Distributions for Retirement Income
• Tax Review and Planning
• Risk Management Review
• Educational Funding
• Legacy and Estate Planning
• Charitable Gifting
• Concierge Services for your financial issues and events, such as buying or leasing an auto, paying off the mortgage, or optimizing your employee benefits
Our Wealth Management process begins by meeting with you and gaining an understanding of your personal situation. To help you create a meaningful plan for your future, we must first understand your dreams, goals, and values as well as potential roadblocks. Once we have identified your unique situation, we will offer guidance and assist you in accomplishing your goals – starting with those that are of highest priority. Wealth Management is an ongoing process, so we meet regularly to update and fine tune your plan.
Fees for Wealth Management are based on a declining scale, beginning at annual rate of 1.0% of investment assets under management billed quarterly. Our fee is usually deducted from client investment accounts, so it does not affect your cash flow. The minimum Wealth Management fee is $8,000 per year. Although billing is based on the assets under management, the service offerings for Wealth Management extend well beyond investments.
|Assets under Management||Annual Percentage Fee||Quarterly Percentage Fee|
|$0 to $500,000||1.00%||0.250%|
|$500,001 to $1,000,000||0.90%||0.225%|
|$1,000,001 to $2,000,000||0.80%||0.200%|
|$2,000,001 to $5,000,000||0.70%||0.175%|
|Amounts above $5,000,000||0.50%||0.125%|
As an ongoing client paying an annual fee, every aspect of your financial life is able to be addressed over time. We will do a couple of meetings up-front to identify your goals and needs, after which we recommend a plan and then help you to implement and monitor the plan as events unfold in your life. We will have regular touch points during the year. Prices range from $200-$500 per month, depending on complexity. The areas we touch on include:
Budgeting and Debt Management: Know where your money is going, how to plan for future needs, and strategies for dealing with debt.
College Planning and Student Loans: Paying for college can be expensive. Whether you’re trying to reduce what you pay for your children’s education, or struggling with your own student loans, there are options to save!
Insurance Needs: Determine what’s important to protect at a reasonable price.
Employee Benefits: Maximize your health & welfare and retirement choices through work.
Investment Selection: Select your right exposure to risk at a low price and understand the reasons for the assets we select together.
Tax Planning: Ensure you are minimizing your taxes while we consider the rest of your financial goals.
Retirement Planning: Align your goals and expectations for later in life with your asset plan.
Estate Planning: Take care of your loved ones and reduce their burden through wills and trust planning.
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