WEALTH MANAGEMENT SERVICE
Wealth Management Service is a combination of our Investment Management and Financial Planning services.
We start your journey by leading you through a four phase strategic process that systematically addresses the eight key components of your financial life. Our transparent process includes strategy meetings using interactive online software, custom calculators, reports, and engaging discussions about options available to you.
WEALTH ASSESSMENT
An in-depth assessment to identify your goals and objectives, uncover critical planning gaps and opportunities in the eight key components, establish priorities, and schedule an implementation timeline.
CUSTOMIZED SOLUTIONS
We present recommendations to you that are developed based on your goals, long-term vision, and the planning gaps and opportunities identified to help you work toward achieving your objectives.
IMPLEMENTATION
Your customized solutions are implemented by following an intentional, integrated, and thoughtful wealth plan.
WEALTH MONITORING
Your wealth plan is reviewed in periodic meetings and adjusted as necessary.
We create a Personal Financial Website with your accounts linked, goals identified and a vault, where your financial resources are stored, giving you availability to your personalized financial roadmap (goals/objectives, detailed cashflow, and investment overview) 24/7, 365 days a year. Your outside assets can be linked as well to give you a complete financial picture and overview.
INVESTMENT MANAGEMENT SERVICE
Investment Management service seeks to put you in a position to capture returns from market growth over time. We utilize investment strategies to design strategic portfolios in which the overall asset allocation may change in different market environments in an effort to maintain attractive risk and return characteristics. We use a seven step process to uncover your goals, objectives, and concerns. This systematic approach provides the foundation to develop your strategically focused investment portfolio.
As a registered independent advisory, we are able to utilize leading bank, custody, and investment research services for the benefit of our clients. Our key relationships are with Charles Schwab & Co. and Envestnet Asset Management.
Charles Schwab & Co., Inc.*
A Winning Relationship How Client Assets are Protected
Schwab Advisor Services serves independent registered investment advisory firms like ours and includes the custody, trading, and support services of Charles Schwab & Co., Inc. Capital Planning has access to a wide range of investment products, research, and support from a dedicated team. Leveraging these tools helps us develop recommendations that suit the unique investment needs of clients including:
- Broad range of investment options, such as stocks, mutual funds, bonds, exchange traded funds, CDs and other investments.
- Separately managed account services for those who want to leverage the expertise of institutional-caliber money managers who specialize in particular investment styles.
- Technology and service support so investors can access all their accounts online and view positions, balances, and account histories.
Envestnet Asset Management, Inc.**
Envestnet is a leading provider of integrated portfolio, practice management, and reporting solutions to financial advisors and institutions. Their open architecture platform encompasses a broad range of institutional quality research, investment products and advisory resources. Depending on your investment strategies, your accounts may be placed in third party models that have the daily management and trading handled by Envestnet.
- Investment Research: The Envestnet | Prima due diligence for investment strategists provides in-depth research by a team of experienced analysts. The process features on-site interviews and a critical assessment of a manager's ability to execute its strategy. Envestnet | Prima provides timely analyst updates, alerts, forward looking opinions, and actionable recommendations. Additionally, research tools, analytics, and reports help enhance oversight of client portfolios.
- Portfolio Performance Reporting: Envestnet provides web-based account reports for client viewing of current asset allocation, sector holdings, performance for customized time periods, tax basis, and income reports.
- Portfolio Analytics: Account analytics are provided to better understand portfolio design and performance characteristics.
Investment Management Service requires an IMS Agreement and Exhibit A that outlines the scope of the engagement. Quarterly fees are based off the market value of assets under management.
* Capital Planning, LLC is independent of, and has no affiliation with, Charles Schwab & Co., Inc. or any of its affiliates ("Schwab"). Schwab is a registered broker-dealer and member SIPC. Capital Planning, LLC provides you with investment advice, while Schwab maintains custody of your assets in a brokerage account and will effect transactions for your account on our instruction. ** Capital Planning, LLC and Envestnet Asset Management, Inc. are not affiliated companies.
FINANCIAL PLANNING & CONSULTING SERVICES
We offer a broad range of Financial Planning Services that consider your assets, liabilities, goals, and objectives. Our planning incorporates your personal values along with your financial resources.
Selection of Financial Planning & Consulting Services:
- Initial Financial Planning*
- Annual Financial Planning
- Outside Investment Asset Allocation
- Boeing Executive Annual Enrollment*
- Budget Consulting**
- Business Consulting**
- Hourly Consulting**
- Family Legacy Planning
Financial Planning and Consulting Services require a FPCS Agreement and a Schedule A which outlines the scope of the work to be performed. Services are billed according to the agreement. Most financial planning services are billed as a flat fee and invoiced quarterly in arrears.
* Initial Financial Planning is billed as a flat fee and invoiced 50% upon engagement and 50% upon completion.
**Consulting services are billed by the hour and invoiced quarterly in arrears.
Depending on the service selected, our financial planning and consulting includes all or part of the following process:
GATHERING INFORMAITON
We work with you to mutually define your objectives prior to making recommendations. We utilize financial planning resources for collecting information from questionnaires, data collection forms, and collaborative interviews to establish your goals and objectives.
PRESENTING RECOMMENDATIONS
Our analysis is presented through online tools and verbal communication. To see your choices in action can provide for greater clarity and understanding in how the decisions you make can impact your financial roadmap now and in the future.
IMPLEMENTING RECOMMENDATIONS
We work with you to mutually agree on the appropriate recommendations for implementation. You are never under any obligation to implement any recommendation we offer.
MONITORING CHANGES
To ensure that our initial determination of appropriate recommendations continue to be suitable for you, we maintain relevant client information pertaining to your objectives and risk tolerance.
FAMILY LEGACY PLANNING
An ancient Hebrew proverb states, “An inheritance quickly gained will not be blessed in the end.” Families of all ages have found, to their dismay, that wealth seldom survives three generations. We have developed a four phase process, called a Family PACT™, designed to help you create a lasting legacy for your family.
GOVERNANCE
Once the family constitution, governance, and wealth plans are established, it is important to create your plan for family communication. One of the greatest challenges to the success of your family legacy can be the lack of family unity. For some families this has not been a problem, but it is important to be proactive in addressing this risk. For other families, conflict has created deep division, which may require reconciliation counseling. Best practices used by successful families to enhance communication are accomplished through family retreats and meetings. The leadership of these meetings can rotate between family members. The purposes of these events are to promote family unity, share family folklore and history, create memories, conduct some business, and have fun.