Fee for Service Pricing Models by BayRock
Fee for Service Pricing Models are offered at three price levels designed to address three different levels of financial planning needs from simple to more complex. Each Fee for Service Pricing level provides additional services. For example, level three includes all of the services listed in levels one and two as well as the “additional services” listed in level three.
The Fee for Service Pricing arrangement is designed to deliver a better value for clients who need ongoing financial advice, planning, and coaching. Fee for Service Pricing allows you to cancel at any time.
Fee for Service Pricing is determined by your level of need. Feel free to book a free consultation via Zoom (Click Here Now)
Fee for Service Pricing Level One is available for full-time students at a 50% discount ($50 per month) verification required.
Fee for Service Pricing
Level One: $100
Fee for Service Pricing
Level Two: $250
Fee for Service Pricing
Level Three: $500
Wealth Builder Blueprint
Typically Under $500k-
Ideal for Beginners
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CFP® Coaching
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Investment Design and Oversight
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Blueprint Design
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$500 Upfront
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**$500 Waived
Podcast Special
Retirement Strategies Blueprint
Typically Over $500,000-
Ideal for Retirement Planning
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CFP® Coaching
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Gap Analysis
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Investment Design and Oversight
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Retirement Income Strategies
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Social Security Optimization
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Blueprint Implementation
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$500 Upfront
-
**$500 Waived
Podcast Special
Family and Business Blueprint
Typically Over $1,000,000-
Ideal for Families and Business Owners
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CFP® Coaching
-
Gap Analysis
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Investment Design and Oversight
-
Retirement Income Strategies
-
Social Security Optimization
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Business Gap Analysis
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Advanced Tax Strategies
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Advisor Coordination
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Family Governance Meetings
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Blueprint Implementation
-
$500 Upfront
-
**$500 Waived
Podcast Special
Fee for Service Pricing Level One: $100
Fee for Service Pricing Level Two: $250
Fee for Service Pricing Level Three: $500
Wealth Builder Blueprint, $500 upfront planning fee plus a $100 monthly retainer. Ideal for beginners with typically under $500,000 of investable assets.
The $500 upfront planning fee includes…
Gathering client data,
Building a comprehensive financial model,
90 minute Discovery Meeting.
The $100 monthly retainer includes…
- CFP® Coaching (Ongoing communication with a Certified Financial Planner™ professional throughout the planning process. Includes a personal conversation each quarter (either in the office or via screen-share).
- Investment Design and Oversight (a twice-yearly review of company sponsored Retirement Plan, IRA, Roth IRA, and other investment accounts. Annual review of all investment assets along with planning recommendations designed to help you achieve your financial goals).
- Blueprint Design (a BayRock Certified Financial Planner™ professional works with each client to build a comprehensive financial model (Blueprint) designed to help connect your financial decisions with your vision, values, and purpose. The Blueprint is used to provide clear direction throughout the planning process).
Fees are payable upon receipt of invoice.
**$500 Upfront fee will be waived for members of the Missional Money Podcast community.
Click Here to Subscribe to Missional Money Podcast.
Retirement Strategies Blueprint, $500 upfront planning fee, plus a $250 monthly retainer. Ideal for Retirement Planning for individuals or couples with typically over $500,000 of investable assets.
The $500 upfront planning fee includes all services listed in level one as well as the following:
– Gap Analysis covering listed areas of personal financial planning:
1. Retirement,
2. Risk Management,
3. Estate Planning,
4. Education Planning,
5. Tax Planning,
6. Investment Planning,
7. Cash Flow Analysis
The $250 monthly retainer includes all services listed in level one as well as the following:
- Retirement Income Strategies. Building your retirement income strategy starts with a good understanding of what you’d like your retirement to be like — and what your lifestyle will cost. There’s no one-size-fits-all retirement income strategy because every retirement portfolio is different. After getting to know your priorities, a BayRock Certified Financial Planner™ professional will help you understand the risks and opportunities of each strategy recommendation. BayRock Retirement Income Strategies are focused on four primary considerations:
- Growth potential: While it is important that the growth of your investment portfolio outpaces inflation, BayRock works to balance the need for growth against the risk of exposing your savings to excessive market fluctuations.
- Principal preservation: Knowing that your investments are safe can help you sleep better at night. Some investments are designed to preserve your principal (ie: money market funds, CDs or Treasury bonds). However, these safe investments come with a different kind of risk. Safe investments typically offer relatively low yields. If your principal is not large enough to generate sufficient income from interest and/or dividends to fund your desired retirement lifestyle, your savings may not keep pace with inflation.
- Liquidity and Flexibility: Having control over your assets and immediate access to fund emergencies is an important consideration. However, having immediate access (liquidity and flexibility) typically limits the ability to create a steady stream of reliable income.
- Guaranteed income: Investment returns can fluctuate significantly. Certain insurance products, including Treasury bonds, Certificates of Deposit, and fixed and variable annuities, can often provide an income stream that provides greater certainty. Annuities typically come with fees and withdrawal penalties that can restrict your flexibility when an unexpected need arises.
- Social Security Optimization. Your BayRock Certified Financial Planner™ professional will help identify the best strategy to optimize your monthly Social Security benefit.
Our Social Security analysis is focused on the following three areas:
1. Life Expectancy Analysis. We’ll get to know more about your family history and current health status. With the help of your health care providers you can get a realistic idea of how long you might live. Most retirees underestimate their life expectancy. Your Life Expectancy is essential element to consider in order to optimize your Social Security monthly benefit. If your family has strong longevity, it can make sense to delay your benefits. However, if you have serious or chronic health issues, it typically makes sense to claim earlier.
2. Benefit Availability. BayRock will analyze how much your income would be each month if you drew on Social Security at an earlier age vs. a later age. We then contrast these amounts with your lifetime benefit at each age. We will ask you to provide your estimated social security benefits statement which is now available to you online. Your range of benefits should consider any spousal benefits which we will also include in our analysis as appropriate.
3. Income Gap Analysis. Our planning process will identify any income gaps in your overall financial plan. We conduct further analysis to determine how your Social Security benefits (available to you at various ages) can be optimized for the purpose of filling income gaps in your financial plan over the life of your plan.
- Blueprint Design. A BayRock Certified Financial Planner™ professional works with each client to build a comprehensive financial model (Blueprint) designed to help connect your financial decisions with your vision, values, and purpose. The Blueprint is used to provide clear direction throughout the planning process. During the implementation phase, “The Blueprint” is a helpful tool for tracking progress each step of the way, including your Retirement Income Strategies as well as any Social Security Optimization strategies that are part of your plan.
- Blueprint Implementation. Level Two – Retirement Strategies Blueprint includes an ongoing (in-depth) analysis and review of the personal financial planning elements listed:
1. Retirement,
2. RiskManagement,
3. EstatePlanning,
4. EducationPlanning,
5. TaxPlanning,
6. InvestmentPlanning,
7. Cash Flow Analysis
Fees are payable upon receipt of invoice.
**$500 Upfront fee will be waived for members of the Missional Money Podcast community.
Click Here to Subscribe to Missional Money Podcast.
Family and Business Blueprint, $500 upfront planning fee, plus a $500 monthly retainer. Ideal for families and business owners with typically over $1,000,000 of investable assets.
The $500 upfront planning fee includes all services listed in level two as well as the following:
– 90 minute Discovery Meeting (client),
– 90 minute Discovery Meeting (family),
– Gap Analysis covering all areas of personal financial planning listed:
1. Retirement,
2. Risk Management,
3. EstatePlanning,
4. Education Planning,
5. Tax Planning,
6. Investment Planning,
7. Cash Flow Analysis
– Business Gap Analysis, including initial meetings with Financial Advisory team (CPA, Estate Attorney, Insurance Agent(s), etc, as needed),
The $500 monthly retainer includes all services listed in level two as well as the following:
- Advanced Tax Strategies, including coordination of investment and tax specialists as needed. Wealthy families and business owners have unique needs and opportunities when it comes to tax planning. A BayRock Certified Financial Planner™ professional will work with your family and/or business to identify and implement advanced tax strategies that may not be available through your CPA or estate attorney.
- Advisor Coordination. Typically, your CPA isn’t talking to your family attorney. Your family attorney is most likely not working with your insurance agent, and your insurance agent may never have a reason to speak to your investment adviser. At BayRock, we work with your Financial Advisory team to help ensure that our clients have a “well-coordinated” financial plan.
- Family Governance Meetings. Annual family meetings are an effective way to create a framework of shared vision and purpose. Quarterly family meetings are used to facilitate joint decision-making in order to prepare the next generation to eventually take more control of the family business. Quarterly family meetings are held as needed in our BayRock offices or via screen-share.
- Blueprint Design. A BayRock Certified Financial Planner™ professional works with your family and/or business to build a comprehensive financial model (Blueprint) designed to help connect your financial decisions with your vision, values, and purpose. The Blueprint is used to provide clear direction throughout the planning process. During the implementation phase, “The Blueprint” is a helpful tool for tracking progress each step of the way.
- Blueprint Implementation. Level Three – Family and Business Blueprint encompasses any advanced tax strategies relative to your estate plan and/or business, adviser coordination as needed, and family governance meetings as needed. The same ongoing (in-depth) analysis and review of your personal financial planning elements which are listed in level two, are also included for The Family and Business Blueprint:
1. Retirement,
2. RiskManagement,
3. EstatePlanning,
4. EducationPlanning,
5. TaxPlanning,
6. InvestmentPlanning,
7. Cash Flow Analysis
Fees are payable upon receipt of invoice.
**$500 Upfront fee will be waived for members of the Missional Money Podcast community.
Click Here to Subscribe to Missional Money Podcast.
