This is more of a rambling post but I know there are multiple financial advisors on this board. I current largely self manage our accounts with a handful of our funds at Vanguard PAS. However, that service is good to a certain level but is not covering our current issue.

My wife and I are at a level of disagreement on spending vs. saving and I'm looking for someone to help build a more comprehensive financial plan based on our current assets. My wife has a few potential liquidity events which she accounts in our net worth which I do not. I think the simple answer is we need a referee in building the financial plan as we could use an independent person to help build out the plan.


I'm not overly interested at this point in time for an investment manager (I prefer to keep my accounts and not move them to RIA to manage) but open to starting a relationship with a RIA. However, given our asset base and age, the fees are concerning, so looking at an alternative fee structure in the interim. I'm not asking someone to work for free, I'm happy to pay well for a good service, but looking at a conversation.

I would also look for this person to step in and manage the assets if something unfortunately happened to me.

I'm open to any guidance or feedback from advisors on here.

Where are you?

Houston

Cyp0111 said:

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Houston

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https://g.co/kgs/B9xQqZC

This is my guy. Good guy, invests in the same stuff he puts his clients in.

Good luck! Tell him I sent you.

My wife does financial planning for high net worth families. Shes at Schneider Downs in Pittsburgh, PA.

https://sdwealthmanagement.com/meet-our-team/alissa-garcia/

Just curious about what you think is a reasonable fee to pay someone to do this? Hourly rate? Annual flat dollar fee?

I operate a fee only RIA but we primarily use a AUM fee as you are aware that's pretty standard. I've seen some firms moving to a flat rate per year of say 10k and no asset management.

I'm open to a conversation but I just think it's a challenging thing to figure out!

www.holisticplanning.com

Ill shoot you a message.

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Does she work too? Or is she a SAHM?

If she's used to spending all that you make, you need to get her mind right. I was there too. She needs a budget plus a little wiggle room for her pedi's…

It's less a monthly budget issue.

The last flat fee plan I looked over was $2500 for a poorly done eMoney report. What the client paid would've was about the same as their management fees would've cost if they'd had every cent being done for them, and they would've been able to have multiple appointments with their advisor and multiple iterations of their plan, also in eMoney.

This is not an indictment on all flat fee planning, just an anecdote to really compare what you're getting for a given cost. This client could've had part of their money managed, paid less than half what they did for a one time plan, and it would've been done with more care.