Services & Fees
New Client Services
New Clients begin with either the Basic Review or Full Financial Plan service.
Basic Review: $750
The Basic Review is an interactive one-time meeting is based on each client’s unique circumstances and structured to answer client questions. Clients are welcome to take notes and may take home any illustrations created during the meeting.
The scope of this meeting is often limited to time, typically two to three hours. Depending on the client’s individual circumstances, the meeting may cover only one area of concern (such as retirement planning or portfolio allocation) or it may cover multiple areas of concern
Full Financial Plan: $3,500
The Full Financial Plan is often the result of a client specific need but the service is intended to review all aspects of the client’s finances, goals and future needs. This service includes a written report outlining the clients current financial position as well as detailed comments, suggestions and specific recommendations.
The resulting report is often used as the “roadmap” to move forward and track the next steps. The Full Financial Plan service engagement typically lasts up to six months .
On-going Services: Asset Management & Financial Planning
On-Going services are for clients who desire a continued relationship with Milne Financial Planning and have completed one of the new client services. This annually renewable service includes managing and implementing changes to the client portfolio as well as financial planning on a reoccurring basis.
Milne Financial Planning Fees for on-going services are calculated by first determining a flat fee based on net worth and then adding a percentage (0.375%) of total investable assets. The flat fee recognizes that there is a base level of planning, overhead, and analysis that is part of every client relationship. The increasing flat fee reflects that relationships with higher net worth clients generally involve additional complexities. The intent of the investable assets portion of the fee is to be "all inclusive" to prevent decisions and recommendations from being compensation sensitive.
Milne Financial Planning offers two on-going services: the Semi-Annual Review (minimum fee $3,000) and the Annual Review (minimum fee $2,250). For on-going services, one quarter of the annual fee is billed every three months in advance.
Jamie Milne may conduct group educational workshops. Jamie may impose a fee for these or other educational workshops. Generally, the employer, civic or non-profit group sponsoring the workshop will pay any fees charged by Jamie. In the event there is a charge to workshop attendees, the fee will be published in the workshop announcement or invitation. The hourly rate for group employee presentations is $350.