10900 Northeast 4th Street
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.
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.
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.
Your customized solutions are implemented by following an intentional, integrated, and thoughtful wealth plan.
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.
Wealth Management Service requires an WMS Agreement and Exhibit A that outlines the scope of the engagement. WMS includes comprehensive financial planning and investment management with quarterly fees based off the market value of assets under management.
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:
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 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.
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.
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:
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.
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.
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.
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.
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.
Together, we create your family constitution, to record your family vision, mission, values, and guiding principles. Your adult children can participate through facilitated family meetings. This document will become the foundation for your family's important decisions, communication, and plan for preparing future generations.
Assess and align wealth, estate, and governance plans to your family constitution. A family office can be established to serve family members by creating pricing and access leverage for investment and wealth planning services. If the circumstances involve an operating company, a board of directors can be constituted, which typically includes at least three non-family members from industries that can provide high value leadership. A family council can be created that will serve as the governing structure for your family office, retreats and meetings, foundations, and other family initiatives. An executive succession plan for the business should be drafted or updated. Family policies are established to provide clarity for the family council leadership. Estate plans are updated that coordinate your family's new and shared generational vision. Below is an example of the organizational chart of the governance plan.
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.
Finally, a training and mentoring plan to prepare heirs is an essential initiative in preserving your family legacy. We recommend an age-based mentoring template, customized to meet your family's specific objectives. Mentoring opportunities can be planned for your family retreat with common themes such as leadership, entrepreneurship, stewardship, and community service. In addition, initiatives can be scheduled to involve younger generations in the business at various stages, as well as charitable service projects, in which all family members can participate.
Michael D. Miller, Founder and CEO of Capital Planning, has an extensive background working with families and his Family PACT™ process. He takes great enjoyment in bringing families together and building a legacy for the next generations.
Family Legacy Planning is a consulting service and requires a FPCS Agreement and Schedule A outlining the scope of work. Family Legacy Planning is billed as a flat fee.