Comprehensive Financial Plan

A comprehensive plan is ideal for families and individuals who want a custom strategy that clearly maps out how to meet their financial goals.

Pricing

$3,000 – $6,000 depending on the complexity of the plan.

 

Start

Schedule an initial call with us - we provide you a quote on the call.

Clients commonly have one or more of the following goals and stress points:

  • I want to buy a new home. What price can I afford?

  • What do I do with all of my old 401k plans?

  • Am I on track for retirement?

  • We just had our first child - how much should we be saving for college? Should we stop saving for retirement to fund this goal?

  • I have stock options - when should I sell them?

  • I am planning to make a career change. Can I afford to earn less for a period of time while I make the transition?

  • Can I afford to take an adult gap year?

  • Am I invested correctly? I need help developing an investment strategy.

  • I heard that I should do a Roth Conversion - do you agree?

  • Is my rental property a good investment or should I sell it?

    This Package Includes:

  • Balance Sheet - Documented list of all assets and debts.

  • Cash Flow - Understand what is coming in and going out each month.

  • Tax Analysis - Identify any opportunities to reduce your tax bill.

  • Savings Strategy - Which accounts should you be saving to and how much.

  • Retirement Plan - Ensure that you are on track for retirement.

  • Investment Strategy - Recommended trades to rebalance your portfolio.

  • Insurance Review - Confirm you have enough life and disability insurance, review home, auto policies, etc.

  • Estate Planning - Review which documents (wills, power of attorneys, etc) that you need to have created by an attorney. We will review your documents if they are already created.

  • Identity Theft Prevention Tips

  • Other items as needed - New Home Purchase Analysis, Rental Property Analysis, etc.

  • Prioritized To-Do List

Here is an example of our Prioritized To-Do List:

comprehensive financial plan san diego ca

The Process:

After our initial call, we schedule a 30-minute discovery meeting to dive deeper into your goals and assumptions. You will upload any necessary documents to a secure, online portal using an easy to follow Items-Needed checklist. Once we have all of your data, we conduct our analysis in about 4-6 weeks. When the plan is complete, we have a 1-2 hour meeting to review the plan, including your Prioritized To-Do List.

Annual Financial Plan Update

Annual reviews are available for previous comprehensive financial planning clients. After completing your financial plan with PWR, we recommend meeting once a year to review and update your plan.

Pricing

Annual reviews start at $2,500.

 

Start

We will contact you when it has been one year since your Plan Delivery meeting. You can also email your advisor to schedule your Annual Review.

This Package:

Life is continuously changing, so you need your plan to change with you. Our Annual Reviews follow the same process as our comprehensive plans and give our previous clients the opportunity to update and refresh the plan we created for them.

We recommend reviewing your plan every year, or sooner, if there is a significant life event or change such as an inheritance received, a change in income or an unexpected bonus.

Other changes that may occur, resulting in the need for a plan update include:

  • New job

  • New child

  • New work benefits

  • Investments need to be rebalanced

  • Change in housing needs

  • Retirement income distribution planning

We prefer working with clients long-term so we can coach them through a variety of financial obstacles and be there to witness their progress.