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SOLUTIONS THAT ARE RIGHT FOR YOU

 

FINANCIAL CHECK-UP -- COMPREHENSIVE FINANCIAL PLAN -- INVESTMENT MANAGEMENT

FIDUCIARY SERVICES           

 

“It used to be when you ordered pizza, the only choice was plain or pepperoni…”

Your decision to work with an advisor should not be confounded by a long list of confusing fees, services or products.   We offer a continuum of services that can be customized to any unique needs that you may have.  

 

Before undertaking any relationship, we want to get to know you, and offer a level of service that is right for you.  For this reason we offer a free initial consultation where we can meet each other, and together understand your needs and provide service offering best suited for you.  With our breadth and depth of knowledge we can offer you a custom solution that will meet your personal needs, such as:

 

  • Retirement Planning

  • Employee Stock Options Analysis/Concentrated Positions

  • Income Tax Planning

  • Estate Planning

  • Education Planning

  • Risk Management/Insurance Planning

  • Philanthropy and Charitable Giving


GAME PLAN MANAGEMENTTM - Delivering the Recipe for Apple Pie, not the History of the Apple
GAME PLAN MANAGEMENTTM is our unique process of delivering your Financial Plan.  Your financial plan is presented in prioritized and actionable pieces.  Financial Plans should encompass all financial elements relative to you, but the plan should not become a technical textbook.  Most plans fall short, not because they aren't technically sound, but they are written as if you are a financial expert.  Many advisors feel the need to deliver a big, impressive amount of material and miss the whole reason you hire a financial planner, to SOLVE your financial needs.  It is like asking for the recipe for an apple pie and first receive the history of the apple - we deliver the recipe (GAME PLAN MANAGEMENTTM) - everything else is there for you to digest later, if you desire.
 
GAME PLAN MANAGEMENTTM  grew out of the unfortunate reality that few plans are fully implemented, if implemented at all.  It is surprising and sad how many prospective clients tell us that they have had a financial plan, but the plan sits on a bookshelf, in the beautifully padded three-ring binder.   We take a different approach, we provide a fully integrated wealth plan, but the plan includes clear, actionable steps, drawn from plan recommendations, so your plan can go to work, immediately.  
 

Services are offered as either a Financial Check-Up, Comprehensive Financial Plan, or Investment Management. 

Descriptions of our Services and Costs can be found below:  

 

 

FINANCIAL CHECK-UP

Description

You may have specific questions regarding your financial situation and do not desire a fully integrated Plan.  Specific questions you may want answered, and indicating the need for this service, are:

 

  • “Am I saving enough to meet my retirement goal?”

  • “I would like to pay for some or all of my kid’s college education.  How much do I need and how do I best do it?”

  • “I have an investment portfolio, but don’t know what it is doing or if it is doing what it is supposed to.”

  • Or, you may be in a situation, similar to when we were kids at the candy store with a handful of money, “What can I do with this much money?”

 

These are a few examples of the questions we hear frequently from clients.  Certainly this is not a complete list.  We find that if you have two or more of these questions this may indicate the need for a Full Financial Plan (see below). 

 

Fees 

This level of service can be truly customized to your needs.  Together we will identify the deliverable you wish to see crafted and based on this we will offer you our fee.  Our fee is based on a professional billing rate of $200 per hour.  Typical fees can range from $500 to $2,000, depending on the complexity involved. 

 

 

Full Financial Plan

Description

Full Financial Planning engagements encompass your entire financial situation and Plans are highly customized to your circumstances.  Plans are crafted to coordinate all of your financial related aspects and would include: Cash Flow, Investments (Investment Management is offered as a separate service), Estate, Retirement Projection, Income Tax, Insurance, College Funding and other areas that may be identified. 

 

We also offer on-going retainer relationships that include implementation and update of your Plan.  Many firms use the popular term “Wealth Management” for this additional service.  This service is priced independent of Full Financial Plan or other services offered.  Pricing is, however dependent on what services we provide, which among other factors, will depend upon whether or not you utilize WD Financial Services for your Investment Management.    

 

Fees 

This level of service is customized to your needs, but will address all of the elements of your financial situation.  Our fee is based on a professional billing rate of $200 per hour.  Total fees are dependent on complexity of your specific situation.   

  

 

Investment Management

Description

This service offering provides management of all or a portion of your investment portfolio.   Investment Management is offered independent of planning.  However, as a part of Investment Management we will meet with you to discuss your investment criteria, which will include financial goals, objectives, time horizon, tax status and tolerance for risk.  We then develop an asset allocation that meets your investment criteria.  Together we develop an Investment Policy Statement that identifies how we will invest your portfolio and any criteria that we will use to assess the appropriateness of investments.  We recommend and invest according to our mutually agreed strategy.  A large part of what we do  is to continually monitor your portfolio, making any necessary adjustments to maintain your asset mix.     

 

An important note about our investment recommendations - Since we are not compensated by mutual funds we are not locked into any one mutual fund or investment product.  As such we typically utilize low cost, no load investments. 

 

Fees

We provide Investment Management on an assets under management basis.  Our fee schedule is based on total assets managed at the household level and range from 0.5% to 1.00% of the assets under management.

 

 

For further information or to schedule your free initial consultation please contact us at:

WD Financial Services, LLC

7211 Ohms Lane

Edina, MN  55439

Telephone: 952-920-6186

Email: jon@wdfsllc.com