Pricing
Impact Financial is proud to be a fiduciary, fee-only firm.
“Fiduciary” means we are legally obligated to act in your best interests at all times. Not all financial advisors can say that.
“Fee-only” means we are paid only by our clients. Not all financial advisors can say that.
Learn more about our different service offerings and fees:
One-time financial plan
First time working with a financial planner? Not looking for long-term, ongoing service? This option is designed for you.
We call it the JumpStart Plan, a limited service package where we partner together to create your plan and get you started down the right path.
-
With the JumpStart program, we will do the following:
Create your financial plan or retirement plan
Prepare a list of recommendations (your “to-do list” for how to implement your plan)
Answer any other questions, big or small
Generally, the one-time plan service consists of 2 to 3 official meetings. Each meeting is typically spaced about 2 weeks apart to give you enough time to process our discussion, provide any missing information, and complete any post-meeting homework. From start to finish, most clients get their financial plan within 1 to 2 months.
After we present your final plan & recommendations, you have the option to convert to ongoing service if you’d like to keep working together. If not, we simply part ways as friends and are happy to be a resource in the future.
-
$6,000 for individuals and $7,500 for couples.
You pay $1,200 upfront to get started, and then the remainder is due upon delivery of your plan.
-
Those who have never worked with a financial advisor before, and want to “test the waters”
DIYers who’d like a second opinion on their current strategy
Young professionals who need help with the building blocks of personal finance but don’t yet need or want ongoing guidance
Ongoing planning + investment management
The whole enchilada. The full nine yards. It’s like having your very own, personal CFP® and CPA on speed dial.
An ongoing, comprehensive service where we partner together over the long haul to help with virtually all aspects of your financial life.
-
To start off, you will receive a customized financial plan or retirement plan. This initial planning phase follows the same process as the One-Time Plan service.
With this package, we will also manage an investment account(s) on your behalf. Client accounts are managed through SEI Private Trust Company or Altruist, both of which are third-party financial institutions.
Throughout the year we will meet to monitor your plan, make adjustments, and track your overall progress. Expect to meet frequently during the first year as we work through implementation. Generally there is no hard-and-fast meeting cadence, because implementation is a hands-on process and we believe it’s important to be available to meet as many times as necessary.
After the first year, we generally meet twice annually.
Most importantly: we aren’t sticklers about schedules. As an intentionally small firm, you will have direct access to your planner by email, phone or text, and you can book additional meetings whenever needed.
-
Our ongoing planning and investment services start at $1,250 per quarter ($5,000 per year).
We also charge a $1,200 start-up fee to cover the construction of your initial plan.
Once your managed investment accounts rise above $500,000, you graduate to a tiered Assets Under Management (‘AUM’) fee as follows:
First $500,000 = 1.00%
Next $500,000 = 0.85%
Next $1,000,000 = 0.65%
Everything above $2,000,000 = 0.35%
-
Those looking to partner with a trusted professional over the long-term
Busy, mid-career professionals
Those nearing retirement, or who have recently retired
Self-employed and/or small business owners
Those who have worked with a financial advisor before, and are comfortable delegating certain aspects of their financial life
Tax preparation
Tired of doing your taxes yourself? Need a new CPA?
Let us do your taxes, so you can spend your time doing literally anything else. 😎
-
An experienced CPA who prepares and files your federal and state tax returns for you.
-
Tax preparation fees start at $500.
The fee will depend on the complexity of your personal situation, up to a maximum fee of $5,000.
-
Simple - it’s for folks who would rather pay a professional to do their taxes.