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"To accomplish great things, we must not only act, but also dream; not only plan, but also believe." Anatole France

Our Financial Planning Process

Our financial planning process will take into account your current income and savings, your debt, your financial liabilities and responsibilities, and ultimately your financial goals for the next 5, 10, 20, and even 50 years. Then we start putting together a roadmap of real, practical, and simple steps that strive to help make your plan, goals, and dreams a reality. 

Because we didn’t want a “one size fits all” approach or to bill you by the hour so that you’re worried about the clock always running, we have three service levels to choose from, as well as a few stand-alone and add-on services. Most of our clients start with one of our financial planning packages. At your initial consultation, we will work together to determine which is the best for you, depending on what your desired outcome is and how we feel we can help.

Our Financial Planning Services do not include investment management. We can help you create your financial plan, even if we don’t manage your investments. But if you’d like us to do that for you as a Fiduciary, we’re glad to help. Our Asset Management and Advisory Fees start at 1.35% of the assets we manage and can be reduced depending on how much money we invest for you.

It’s up to you how we move forward. Regardless, you’ll walk away with a plan and structure to help propel you toward striving to achieve your financial goals.

Financial Planning Packages

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Foundational Planning

If you're just getting started and feeling a bit unsure about where to begin or what steps to take first, our Foundational Planning package is designed for you. We'll help you build that essential starting point, setting you on the right path for a secure financial future.


Financial Planning

Foundational Financial Plan

Financial Education

Financial Organization

Document vault access

Personal financial website & dashboard

Foundational Analysis & Recommendations

Foundation Asset Planning

Cash Flow Projections

Basic Will/Estate Review

Beneficairy Review

Mortgage Review and/or Purchase Analysis

Debt Payoff Strategies

Basic Budgeting

Education Planning

Next steps action plan


Investment Advisory

Baseline investment plan

Investment objective letter

Personal financial website / progress dashboard

Goal progress review

Risk tolerance review

Asset allocation analysis

Due dilligance in investment performance review

Household performance review


Investment plan briefing:

401k/403b/457/IRA review, allocation & recommendations

Custodial account review


Risk Management

Life Insurance Review

Health Insurance Review

P&C Review (home & auto)


Tax Planning & Advisory

Tax Recommendations


Meetings: Annual

Fee starts at $1500, with $250 annual check up

Comprehensive Planning

Already on a solid financial foundation? Whether you're earning well, managing a small and growing business, or navigating significant life changes, our Comprehensive Planning package provides a deeper look and a fresh, customized plan to ensure you're making the most of your current situation and preparing for the future.


Financial Planning

Advanced Financial Plan

Advanced Financial Knowledge

Gap Assessment

Financial Organization

Document vault access

Personal financial website & dashboard

Advanced Analysis and Recommendations

Advanced Asset Planning

Cash Flow Projections

Will/Estate Review

Beneficairy Review

Mortgage Review and/or Purchase Analysis

Debt Payoff Strategies

Budgeting

Education Planning

Net Worth Calculation/evaluation

Social Security Planning

Retirment Income Planning

RMD Calculations

Life Scenario Projection

 Planning follow-up / Next Steps Implementation


Investment Advisory

Comprehensive Investment Plan

Investment objective letter

Personal financial website / progress dashboard

Investment Review meetings

Goal progress review

Risk tolerance review

Asset Allocation Analysis

Due dilligance in investment performance review

Household performance review


Investment plan briefing:

401k/403b/457/IRA review, allocation & recommendations

Custodial account review


Risk Management

Life Insurance Review

Health Insurance Review

Disability Insurance Review

Long Term Disability / Long term Care Insurance Review

P&C Review (home & auto)

Umbrella Insurance Review

 

Tax Planning & Advisory

Tax Recommendations

Coordinate with CPA / EA / Attorney

Legislative / Tax Law Updates

 

Meetings: Semi Annual

Fee starts at $1800, with $250 annual check up

Advanced Wealth Planning

Approaching retirement or finding yourself at a pivotal financial moment? Our Advanced Wealth Planning package is tailored for those who want to ensure they haven't missed any crucial aspects. Whether you've inherited money, received a settlement, or need to integrate your business into your financial plan, we've got the expertise to guide you through this advanced stage of financial planning.


Financial Planning

Advanced Financial Plan

Advanced Financial Knowledge

Gap Assessment

Financial Organization

Document vault access

Personal financial website & dashboard

Advanced Analysis and Recommendations

Advanced Asset Planning

Cash Flow Projections

Will/Estate Review

Beneficairy Review

Mortgage Review and/or Downsizing Analysis

Debt Payoff Strategies

Budgeting

Education Planning

Net Worth Calculation/evaluation

Social Security Planning

Retirment Income Planning

RMD Calculations

Life Scenario Projection

Lifestyle expense backtesting

Legacy Planning & Charitable Giving Strategies

RMD Income Strategies

Planning follow-up / Next Steps Implementation


Investment Advisory

Comprehensive Investment Plan

Investment objective letter

Personal financial website / progress dashboard

Investment Review meetings

Goal progress review

Risk tolerance review

Asset Allocation Analysis

Due dilligance in investment performance review

Household performance review


Investment plan briefing:

401k/403b/457/IRA review, allocation & recommendations

Custodial account review

RMD Calculations


Risk Management

Life Insurance Review

Health Insurance Review

Disability Insurance Review

Long Term Disability / Long term Care Insurance Review

P&C Review (home & auto)

Umbrella Insurance Review

 

Tax Planning & Advisory

Tax Recommendations

Coordinate with CPA / EA / Attorney

Legislative / Tax Law Updates

Annual Tax Preparation

Mid-Year Tax Review

Year-End Tax Planning Contact

 

Meetings: Quarterly

Fee starts at $2500, with $500 annual check up

Build Your Own Plan

While many clients choose from one of our planning packages, we recognize that you may desire more customized support. We are pleased to offer a la carte planning services depending on your situation and needs. Feel free to choose from the topic and areas listed in the packages above or choose your own focus area. Hours will be estimated and proposed on a project-by-project basis.

a la carte: Hourly Fee of $250.00

* Financial Planning Fee Discount with AUM Advisory Engagement

** Tax Preparation includes one Federal and one State return

Business Consulting

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Business Consulting

In the realm of business financial planning, as your CPA and/or bookkeeper manages your daily business operations, payroll and accounting, it becomes imperative to consider the integration of these facets into your overarching financial strategy and to strategically plan for your business exit.

Whether you're embarking on the journey of establishing your initial LLC, contemplating an S Corp election, or formulating innovative exit strategies, our expertise is tailored to offer a comprehensive perspective. We possess the proficiency needed to ensure that all elements align harmoniously with your vision, particularly when it comes to planning for your retirement adventure. Our services encompass the seamless inclusion of business creation and exit strategies into any existing financial plan, or alternatively, we can customize a package tailored to your unique needs.

Business Consulting Serivces can include:

Retirement Planning and Contribution Calculations (Solo 401k, Safe harbor plans, SEP and Simple IRA's)

Retirement Plan Design and Third Party Administrator Coordination 

Employee Education and Enrollment

Buy / Sell Agreement Strategies

Creative Life Insurance Strategies

Creative Exit / Succession / Continuity Planning

Tax Planning

Debt Payoff Strategies

Asset Management

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Our Investment Philosophy

At Million Wealth Management, we work to make investing fun and simple to understand. We know our clients feel most comfortable when they understand their financial plan and investments. As an investment fiduciary, it is our responsibility to act in the best interest of our clients.

 What is an Investment Fiduciary?

An investment fiduciary is a financial professional who is legally bound to act in the best interests of their clients. Before June 2017, there was no Fiduciary Rule, in other words, there was no legal requirement that financial professionals follow that standard, and not all of them did. Some chose to act in their own best interests while leaving out the clients’ needs or interests. The federal government, industry regulatory agencies, and several state governments, are working diligently to pass some version of a fiduciary rule or law. 

The old standard was akin to selling someone clothes that fit while the proposed Fiduciary Rule means the clothes have to fit while also making the client look good. It’s a subtle yet significant change.

I am pleased to tell you that regardless of law or rule, we have always acted in the best interest of our clients. That will not change. We work with our clients to develop a financial plan that when implemented, will help them reach their goals, whether to save for a new home, retire at a certain age, get married, have kids, or take a dream vacation.

As an investment fiduciary, we charge reasonable compensation. The most we will charge for asset management is 1.35% of your account balance, of which 1/4th is assessed quarterly and appears on your statement as an advisory fee. The 1.35% can be reduced based on the total amount of assets we manage for you. We’re happy to share the fee structure in more detail when we meet with you.

The Fiduciary Rule also requires that financial professionals provide no leading statements about investment transactions, compensation, conflicts of interest, and tell the truth. At this time, there is no way of tracking this so time will tell how effective this change will be.  But we always strive to be very clear about transactions and our compensation on those transactions.  And we always welcome your questions. 

Million Wealth Management is aligned with our broker-dealer Osaic Wealth, Inc., in our dedication to understanding and operating within the Fiduciary Rule to serve clients. Our Form CRS is here.

Investment Advisory Services

Your time horizon, tolerance for risk and overall goals for your money are the key drivers in how we help manage your investments. With that said, the investments we choose for your plan are just one small piece of the puzzle. Your investment  strategy should also take into account and complement your tax strategies, retirement income plan, legacy and charitable giving, longevity risk and education planning, should you have the need.

It is critical we meet at least annually to review your portfolio, assess changes in your circumstances and keep you apprised of issues that may affect your financial future. You can expect virtual and/or face-to-face meetings each year. Additionally, we will touch base by phone, email, and share educational content with you via email or social media.

Our asset management services include: 

Portfolio Reviews

Investment Discussion and Selection

Rebalancing

Tax Gain/Loss Harvesting

Time Horizon Analysis

Risk Tolerance Analysis

Asset Allocation

Research

Required Minimum Distribution Calculatioins and Reminders

Our Asset Management and Advisory Fees start at 1.35% of the assets we manage and can be reduced depending on how much money we invest for you. 

DIVORCE SERVICES

As a Certified Divorce Financial Analyst, I provide an out of court option to divorce, along with collaborative divorce options, mediation support, litigation support, financial reports & calculations, asset valuations, creative settlement strategies, and expert witness testimony, at an affordable price.

Divorce service fees are hourly.

Divorce Planning

TAX PREPARATION

Tax preparation starts at $250 for one federal and one state return. My areas of focus are individuals, sole proprietor’s and single member LLC’s, ex-pats living overseas and military.

I do not do payroll or bookkeeping.

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DREAM. GOAL. PLAN. ACTION. REALITY.