Financial Planning

Why We’re Unique

“I have the ingredients, but not the recipe.”

We often hear some version of this from our client families. They have accounts in various places, a rough idea of how much they spend, and a few goals they want to achieve penciled out, but it’s not cohesive.

Financial planning is the way to make sense of your ingredients. We co-create a unique financial plan for your life, vision, and values. Throughout this process, you are in the driver’s seat. It’s our role to serve as a thought partner, distill your options clearly and empower you to make the best choice. As a CFP professional, Brenna is a fiduciary. Your best interests are the foundation of our recommendations.

As personalized as a recommendation might be, it doesn’t do much for you until it’s carried out. Statistics show that ~80% of financial planning recommendations go unimplemented. Our planning process will support you in developing, adapting, and executing your financial planning recommendations to build the life you want to live.

Brenna with a client discussing on two gray chairs.
Brenna with a client discussing on two gray chairs.

Why We’re Unique

“I have the ingredients, but not the recipe.”

We often hear some version of this from our client families. They have accounts in various places, a rough idea of how much they spend, and a few goals they want to achieve penciled out, but it’s not cohesive.

Financial planning is the way to make sense of your ingredients. We co-create a unique financial plan for your life, vision, and values. Throughout this process, you are in the driver’s seat. It’s our role to serve as a thought partner, distill your options clearly and empower you to make the best choice. As a CFP professional, Brenna is a fiduciary. Your best interests are the foundation of our recommendations.

As personalized as a recommendation might be, it doesn’t do much for you until it’s carried out. Statistics show that ~80% of financial planning recommendations go unimplemented. Our planning process will support you in developing, adapting, and executing your financial planning recommendations to build the life you want to live.

What’s your overall financial satisfaction?

This quick survey is a starting place for our planning conversation and can provide a high-level overview of your financial life:

The Collective Wealth Planning Process

Over the course of four meetings, we’ll co-create a detailed plan incorporating all aspects of your life and laying out the path to get there. We’ll then discuss the next steps to making this plan a reality.

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Lay the Groundwork

60-minute, no obligation getting acquainted meeting to understand your main aspirations, concerns, and priorities and share if/how CWP can help.

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Plant the Seeds

60-minute discovery meeting to establish a shared understanding of your “point a,” getting a snapshot of your current life and all its moving parts.

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Grow the Vision

 90-minute goal-setting meeting to explore your vision for the future. During this meeting, we will review your current situation and discuss possibilities.

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Tend the Plan

90-minute plan presentation meeting to review your financial plan, recommendations, action list, and next steps in order of priority.

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Stewardship

We have options for continued collaboration. Your financial life isn’t a snapshot, it’s constantly evolving, and we are here to help every step of the way.

The Collective Wealth Planning Process

Over the course of four meetings, we’ll co-create a detailed plan incorporating all aspects of your life and laying out the path to get there. We’ll then discuss the next steps to making this plan a reality.

null

Lay the Groundwork

60-minute, no obligation getting acquainted meeting to understand your main aspirations, concerns, and priorities and share if/how CWP can help.

null

Plant the Seeds

60-minute discovery meeting to establish a shared understanding of your “point a,” getting a snapshot of your current life and all its moving parts.

null

Grow the Vision

 90-minute goal-setting meeting to explore your vision for the future. During this meeting, we will review your current snapshot and discuss possibilities.

null

Tend the Plan

90-minute plan presentation meeting to review your financial plan, recommendations, action list, and next steps.

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Ongoing Stewardship

At Collective Wealth Planning, we have options for continued collaboration. Your financial life isn’t a snapshot, it’s a process, and we are here to help every step of the way.

Financial Planning meeting with Brenna

Understanding Our Fee Structure

Transparency and honesty are key pillars of the firm, starting with being upfront about costs. We are a fee-only practice, meaning fees come directly from a mutually agreed-upon arrangement, not commissions.

Financial Planning
Working together to establish your financial plan is at the heart of what we do. Whether you join us under our project-based model or wealth management model, we will collaborate on your plan to ensure you get to your unique definition of ‘enough.’

Option 1: Project-Based Financial Planning 

With this engagement, we walk through the financial planning process outlined above. Ultimately, you walk away with a clearer understanding of your financial life, a long-term plan, and a list of action items to move you from point a to point b. The cost is around $6,000 for individuals and $7,500 for couples, with 50% of the fee due upon signing your initial contract and the remaining 50% at the conclusion, paid via ACH.* 

*The fee may be higher if you are a business owner, have a highly structured legal estate, own private or illiquid investments, or otherwise have a lot of complexity in your financial life. We will quote you the final fee after the getting acquainted meeting.

Hourly Financial Planning 

After we establish a comprehensive financial plan, you will have access to our hourly service model.* This is designed for those of you who want to continue collaborating but are happy with where your assets are (either because you’re in an employer retirement plan or because you enjoy managing your investment portfolio).

This may include meetings, phone calls, and email exchanges and is based on a $300/hour rate. Some people want to meet quarterly to work through action items, or annually to update their plan. Others prefer to reach out when a life event triggers the need to collaborate with a thought partner who knows your financial picture.

*The hourly service model is available only to those who have completed the comprehensive financial planning process. Your plan serves as a guide to the most appropriate advice and recommendations.

Option 2: Wealth Management

If you want to partner on financial planning long-term and are looking to outsource the management of your investments, our Wealth Management services might be a fit. Under this structure, fees are based on a percentage of assets up to a $15,000 cap and are deducted from your investment accounts quarterly. You can find more detail under the Wealth Management tab.

Collective Wealth Planning, Brenna helping two people on a laptop in the office.

Start Your Financial Journey

Whatever your season of life, our holistic, value-focused approach will instill confidence in your financial future. Our effective strategies, individual-focused planning, and invaluable insight will empower you and your community for generations to come.