On-Going Support Services
Life changes. Markets change. Your goals may change. It’s important to keep your Retirement Plan updated.
If you've been discouraged from on-going support in the past because of time, high fees, lack of Advisor communication, or reports that were not relevant, you will like what we have to offer. Our On-Going Support Services may help you stay on track with your retirement goals.
On-going Financial Planning
In this scenario you manage your assets as a do-it-yourselfer and we will act as an "Advice Only" consultant, providing On-going Support Services to keep your Initial Plan updated. Included in the offering is the following:
- Low-cost / Flat-fee / Tiered Retirement Planning
- Quarterly Retirement Plan Snapshot
- Quarterly conversations on your Retirement Plan, per your personalized Client Service Calendar
- Yearly Retirement Plan Update
- 24/7 access to all your information via secure client portal
We will perform the Retirement Planning analysis services as stated in your contract and you will be responsible for the implementation of your Plan, including choosing the Custodian of your choice and rebalancing your assets.
Investment Management (with Charles Schwab as the Custodian)
In addition to On-going Financial Planning, we will help you with:
- The implementation of your Plan, including moving your assets to Charles Schwab
- Yearly rebalancing of your portfolio to the original asset mix designed in your Initial Plan
All the above support is at a game-changing low flat-fee (see tiered schedule below). You will never write us a check. All your funds will be held at Charles Schwab and your fee will be calculated and paid through Charles Schwab. They are the custodian (hold your funds) and perform the billing.
All the above On-going Support Services is provided by a qualified financial professional at Kastler Financial Planning. A great one-two punch - best in class Retirement Planning and a well-known, low-cost custodian.
All the above On-going Support Services is provided by a qualified financial professional at Kastler Financial Planning. A great one-two punch - best in class Retirement Planning and a well-known, low-cost custodian.
Flat-fee Structure
We provide a flat-fee structure that includes both Planning fees and Advisory Investment Management fees. We think you will find these to be among the lowest in the industry, including a financial professional performing the services, communicating with you quarterly, and keeping with our tradition of being a fiduciary in everything we do. These prices may vary depending on the complexity of your Plan.
Why Charles Schwab?
Our chosen custodian is Charles Schwab, a stalwart in the industry. This means that your money is held at Charles Schwab. You will deposit and receive money directly with Charles Schwab and you will view your online statements on their portal.
Your quarterly account statements will come from us. We handle all the paperwork, client service, and portfolio management of your account. No more dealing with a call center to manage your account
Your quarterly account statements will come from us. We handle all the paperwork, client service, and portfolio management of your account. No more dealing with a call center to manage your account
You will still have the ability to manage and make decisions over your investments. You will have your own portal from Schwab with private account access. Key advantages of using Schwab:
- Schwab offers a substantial number of funds (mutual funds and ETFs) with no-cost trading
- Virtual processing of onboarding paperwork makes it easier than conventional paperwork
- As an Advisor on their platform, we are able to rebalance your investment mix yearly, to bring it back in line with the original design
Why On-going Support for your Retirement Plan?
Studies show that a Plan is only as good as its implementation, and we encourage you to take advantage of one of these two offerings to help keep you on track. We believe implementation is one of the most critical success factors to a Purposeful Retirement™.
Below is a description of the components of our On-going Support Services.
Below is a description of the components of our On-going Support Services.
Quarterly Retirement Plan Snapshot
You are probably familiar with the standard quarterly investment statement from your financial services provider. We still provide that through Schwab as our custodian.
Additionally we tie your investment portfolio to your Retirement Plan and provide a quarterly Snapshot, showing how your portfolio is impacting your retirement goals.
Additionally we tie your investment portfolio to your Retirement Plan and provide a quarterly Snapshot, showing how your portfolio is impacting your retirement goals.
We can help you stay on track by looking at quarterly metrics such as:
- Your projected Retirement Income ratio and the sources providing that income
- Expected withdrawal rate from your portfolio
- Probability of success
- How your portfolio risk aligns with your Risk Tolerance
Quarterly Conversations
We address client communications with a couple of key business tenets:
1. We are a botique firm, meaning that an Advisor is only responsible for 20-30 clients, enabling time for effective analysis work and regular communication.
2. Quarterly Conversations, or collaborative planning as we call it, is designed to keep your Plan moving forward, adjusting as needed, to stay on track and meet your overall goals. Each quarter we will discuss any life changes you may have incurred, the Retirement Snapshot report, and highlight a portion of your Retirement Plan.
You may have unique needs, so our Quarterly Conversations are personalized to your needs. We will develop a Client Service Calendar to help keep everything in your Plan on track.
Here is a simplified example of a Client Service Calendar:
1. We are a botique firm, meaning that an Advisor is only responsible for 20-30 clients, enabling time for effective analysis work and regular communication.
2. Quarterly Conversations, or collaborative planning as we call it, is designed to keep your Plan moving forward, adjusting as needed, to stay on track and meet your overall goals. Each quarter we will discuss any life changes you may have incurred, the Retirement Snapshot report, and highlight a portion of your Retirement Plan.
You may have unique needs, so our Quarterly Conversations are personalized to your needs. We will develop a Client Service Calendar to help keep everything in your Plan on track.
Here is a simplified example of a Client Service Calendar:
Yearly Rebalancing
Critically important to the investment management side of your Retirement Plan is keeping your portfolio in the proper asset mix ratio, per your original Plan design. Over time the asset mix will change because different market segments go up or down at different rates.
A simple example is that a 60/40 stock/bond portfolio may end up being 80/20 after a year in which stocks had out-performed bonds. Now your asset mix is out of skew from the original design and you are subject to more risk than what was originally intended.
This can be a very difficult for do-it-yourselfers to solve, especially for complex portfolios containing many funds covering various asset classes. With our On-going Support Service utilizing Charles Schwab, we handle the yearly rebalancing for you.
Yearly Plan Update
Each year when we do the Rebalancing of your assets, we will also do a new analysis of your Retirement Plan projections, taking any new life circumstances into account. We'll discuss any adjustments that need to be made and re-write the section of your Plan entitled Observations, Risks, and Recommendations. This is a critical 2-3 page summary that we'll also use for the Quarterly Conversations.
Your Initial Plan and succeeding Plan Updates are key to keep everything running smoothly throughout your retirement time horizon.
Your Initial Plan and succeeding Plan Updates are key to keep everything running smoothly throughout your retirement time horizon.
Low-cost Flat-fee Investment Management Services
An important attribute of our On-Going Support Services is low-cost investment management of your portfolio through Charles Schwab. We have elected to perform these services as a tiered flat-fee pricing structure, as indicated in the pricing table above. We have pursued this pricing strategy to give you:
- A predetermined service fee for managing your account
- A fee schedule that, if translated to percentage of Assets Under Management (AUM), would be among the lowest in the industry
- A "Planning First" approach to support the long-term implementation of a Retirement Plan
- A fiduciary approach to working with you, which puts your best interest before our own
Send us your questions!
Contact Us TodayIf you believe you could benefit from working with a financial professional, let’s review yours goals to see if you’re a good match for our practice or if you have any questions you can ask here!