Per Hour Planing
As much affordable personal finance advice as you need. And only what you need. Retain control.
Per Hour Planning offers you the opportunity to hire and tap in to the insight and experience of a qualified, experienced fiduciary CERTIFIED FINANCIAL PLANNER™ consultant to work on your own customized project-based planning, both large and small.
The beauty of the agile Per Hour Planning solution is that your designated advisor will address only what it is that you wish to accomplish and that you retain control over fees, paying only for the services you want and use. This can be a broad-based project such as an whole review and consolidation of your personal finance environment in terms of accounts, investments, debt management, estate planning, education funding, insurances etc or perhaps a detailed analysis of all your investment accounts, retirement plans and IRAs followed by specific recommendations for how to better optimize them.
Or - at the other end of the spectrum - it could be something much narrower; like having your new 401k at work analyzed and getting suggestions as to how to allocate your contributions or taking the guesswork out of how much really you should be putting away (and where to put it) to properly fund your children’s education.
A Per Hour engagement can be viewed as a project, which - upon completion - does reach a conclusion, but you have the ability to quickly and easily "reactivate" your CERTIFIED FINANCIAL PLANNER™ at any time going forward, so you can be safe in the knowledge that you "have a financial planner", but without the requirement to pay one every month to keep them on permanent retainer.
You have optional access to our affordable, evidence-based, no minimum ongoing Portfolio Management services for all types and locations of accounts, making use of the professional, low-cost, highly-diversified strategies (including those using investments offered by DIMENSIONAL FUND ADVISORS - DFA) developed and managed under the terms of our Core Investment Policy Statement and your own Anglia Risk Score derived from our own proprietary analysis. An integrated High Yield Savings account for high-interest cash management and no-fee checking account comes as part of the portfolio management service.
We believe that professional portfolio management should be made optionally available to all financial planning clients, but should not be compulsory for any of them
You will receive a complimentary copy of our Custom Spending Plan/Cash Flow Tool, Important Tax Numbers Chart, Estate Readiness Checklist and Educational Appendix that explains important personal finance concepts and strategies.
You will also be able to access the Anglia Advisors Professional Network of financial and legal professionals, who are specifically experienced and qualified in dealing with our clients in the implementation of our recommendations.
You are also eligible for cost-effective, high quality estate planning services from the partnership of Anglia Advisors and Helios Integrated Planning. We are very excited to be able to offer this important service to our clients.
You also get highly secure, encrypted and convenient two-way private electronic file sharing and storage with your advisor using state-of-the-art Verifyle workspaces where you can safely keep all the documents, project work reports, communications, materials, articles, billing timesheets and compliance/contract and admin paperwork and tools provided to you during the engagement.
No membership fees are required, you just pay as you go for high quality and no-hidden-agenda personal financial advice. You will then be billed monthly for the amount of work completed over the preceding month (the first three hours are payable in advance) accompanied by a timesheet clearly showing the work billed for.
Unlike the Monthly Membership option which is intended to be an ongoing, more long-term relationship which can go on for an indefinite amount of time, the Per Hour model is viewed as having some kind of pre-defined reachable objective and terminal date reached in a matter of weeks or months at which the engagement stops or at least pauses, although of course, such engagements can be re-activated or re-instituted at any time.
Per Hour engagements are also commonly added to Single Sessions as a supplement following the session, to complete any tasks that maybe arose in the course of the session and that may require additional time, resources and research to address or were not addressed in the session due to time constraints. In this regard, a Per Hour engagement may be preferable to a second or third Single Session where, once again, the client and the advisor are sitting together. In many cases, such follow-up can be researched, worked on and prepared by the advisor alone, without the need for the client to be present, until the full “reveal” at the end. The regular hourly rate is discounted for any client who chooses to follow a Single Session with a Per Hour engagement.
PER HOUR SERVICE FEATURES
Some examples of Per Hour Plans or Projects include:
- Assistance with personal financial organization, consolidation, account setup and financial behavior
- Highly detailed professional analysis of existing investment accounts and investment strategy recommendations
- Workplace benefits review and recommendations , including full reviews and recommendations for both in-force and previous “orphan” 401k/403b plans
- Personal finance assistance and strategies with dealing Suddenly Single individuals in post-divorce/widowhood situations
- Personal finance assistance, strategies and introductions for new or imminent parents
- Personal finance assistance and strategies for recent college graduates just entering workforce
- Broad analysis of college planning needs, savings requirements, EFC, FAFSA, CSS etc
- Estate planning assistance and strategies with professional legal referrals if required or available Anglia Advisors/Helios Estate Planning Services**
- Analysis of life insurance needs, strategies and independent professional referrals
- Assistance with sudden wealth situations (inheritance, legal settlement, business sale etc)
- A follow-up to a Single Session, allowing clients to continue to work with us after the session ends
- A follow-up to a Foreign National consultation, allowing clients to continue to work with us
** optional, but subject to an additional fee
Unlimited introductions/referrals to financial and legal specialists in our Professional Network
Available Portfolio Management (optional, no minimum investment required) with an integrated High Yield Savings account for high-interest cash management and a no-fee checking account
Increased control over fees, only engage our services for what you need, in an "a la carte" fashion
Easy reactivation of services at any time in the future when more advice is needed, simply by sending an email
Your own complimentary custom Spending/Cash Flow Tool
Your own complimentary Estate Readiness Checklist
Your own complimentary Educational Appendix, explaining important personal finance concepts and strategies
Complimentary copies of other important personal finance documents and information
Available Anglia Deep-Dive Credit Check and Assessment**
Encrypted and archived text messaging system for securely and quickly connecting with your advisor
Free access to our highly secure, encrypted and convenient two-way private electronic file sharing and storage using state-of-the-art Verifyle workspaces.
Personalized proprietary Anglia Risk Score
Complimentary sign-up to any Anglia Advisors personal finance newsletters
Whole relationship conducted under the Fiduciary Standard from start to finish
PRICING
Regular Hourly Rate: $245
Discounted Hourly Rate: $215
The first eight hours of an engagement is billed at the Regular Hourly Rate, moving to the Discounted Hourly Rate thereafter.
Minimum of two billable hours for the initial engagement, subsequently re-activated engagements following completion of the initial one do not carry a minimum number of hours or a downpayment. Hours are billed in half-hourly increments.
Billable hours include those spent in meetings in-person at our location in New York City or any other location or by online video call, phone calls, time spent looking over and analyzing client data, conducting relevant research and preparing recommendations, preparation, writing up and presenting of final reports and/or emails and time spent on any other relevant activities directly related to the engagement. In general, short, single-issue incoming phone calls of about 10 minutes or less or text messages or emails that can be responded to promptly in 10 minutes or less will likely not be subject to any billing nor will most short messaging that is initiated by Anglia Advisors. However, in the case of an unusually high number of such short communications during the month, the Firm may add an additional aggregated time fee to the timesheet. Other expenses or costs incurred during the course of the engagement (eg. travel time and cost if incurred) may, at the Firm’s reasonable discretion, be invoiced for separately from, and in addition to, normal billable hours.
The first two hours (the minimum for the initial engagement) are payable in advance as a downpayment, thereafter clients will be invoiced following the end of each calendar month (including any partial first month, but with a two-hour credit for the downpayment) for work carried out during that preceding month along with a timesheet giving details of the billable tasks undertaken or completed. These monthly invoices are payable upon receipt, even if the engagement is still ongoing at the time.
Per Hour engagements are projects that are intended to have some kind of terminal date once the first phase of the agenda and task-list determined in advance has been completed, but engagements can be quickly and easily re-activated or re-instituted at any time afterwards and as often as clients like. Per Hour and project engagements can be optionally combined with ongoing professional Portfolio Management services and can be used as supplemental to Single Sessions.