Stanhouse Financial Planning & Management  is a fee-only financial planning firm, which means that we accept no commissions, referral fees, or other third-party incentives based on any products we recommend to you.  We make every effort to be transparent and up-front about the costs of financial planning

All of our financial planning fee quotes are based on our estimate of time required for the project at a rate of $210 per hour.  At our first get-acquainted meeting  (which is always free) we will provide a quote to you for a project, it becomes a flat fee and you won’t be charged any incremental hourly fees as long as we stay within the original scope of the project.

With this methodology, you only pay for the time it actually takes and there are no surprises at the end.  
Below are some examples of different types of advisory projects and typical hours associated with them.  A project can be as comprehensive as a full financial plan or as specific as a particular task.

Full Financial Plan   (7 – 14 hours)

A full financial plan consists of a formal and detailed written analysis of your financial situation. We consider it to be the best way to protect against unforeseen financial consequences and maximize your financial opportunities. Clients often think that they have everything well covered, but may have significant inefficiencies or have missed some issues entirely.

A Full Financial Plan consists of cash flow/net worth planning, a retirement savings plan, a detailed investment plan, and overview of insurance and estate planning issues. A flat-fee quote will be provided in the get-acquainted meeting.

  • Data collection and processing
  • Cash Flow/Net Worth analysis and planning including debt and tax efficiency issues
  • Retirement Savings Planning, including  stress testing, and projections or Retirement Income Planning for those at or near retirement
  • Investment Planning, including research of specific investment recommendations
  • Review of basic insurance and estate planning needs/issues
  • Working Planning Session
  • Final analysis, updates, and plan completion
  • Plan Presentation Meeting
  • Questions on your plan for up to one year (includes follow-up or implementation questions, but not significant additional scenarios or projections)

Annual updates to the Financial Plan are based on customized quotes at time of engagement, but are typically priced around 50% of the initial engagement.

Investment Analysis (2- 7 hours)

Even though investing is just part of the overall financial picture, it’s what most people think of when they consider financial planning. The hours estimate varies based on your number of current accounts, complexity of holdings, and desired complexity going forward. Again a firm flat-fee quote will be provided in the get-acquainted meeting.

  • The investment analysis will take a detailed look at your portfolio and will include specific projections and recommendations.
  • It is the same level of detail as the Full Financial Plan, but only covers your investments.
  • Your analysis will be designed for you to implement on your own through a discount broker of your choice, or for Oakworth to manage as part of an ongoing Investment Management program.
401(k), 403(b) investment choices  (1 – 2 hours)
  • Provide advice on the appropriate selections within your retirement investment plans

 

Ongoing Investment Management  (Asset based)

For those clients who prefer to have Stanhouse-FPM implement and monitor their investment plan, we provide for ongoing management of your investment portfolio, including periodic rebalancing. but does not include any ongoing financial planning.

  • A financial plan, or investment analysis is a pre-requisite
  • Annual Fee based on a percentage of assets managed by Oakworth (billed quarterly)


$1 - $249,999                       1.00%  (minimum quarterly fee is $500)
$250,000 - $499,999             0.95%
$500,000 - $749,999             0.85%
$750,000 - $999,999             0.75%
$1,000,000 - $1,999,999        0.65%
$2,000,000 +                        0.55%


The above fee information is for general reference and discussion purposes only.  A signed and dated Advisory Agreement is the only official source of fee quotes and the only binding offer for service recognized by Oakworth Financial Planning and Management, LLC. Actual fee estimates may differ due to specific client information.