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Hourly Financial Planning
Does everyone need a financial plan? No, but everyone needs to know where they are headed and how they will get there. Some people already have the key financial basics covered and just need objective advice in one or two areas. Each person / family has a different situation with some requiring detailed professional counsel and analysis while others only need general direction. Hourly financial counsel is an effective method to serve the varied needs people have. Clients only pay for the time spent developing the financial plan, answering questions, or delivering recommendations.

We do not receive payment until your expectations have been met. To get started with an Everyday Steward advisor now, click here.

How do you know if you need a financial planner?

The following questions can help you determine your need for professional financial counsel:

  1. Do you have written financial goals related to your life purpose?

  2. Are you managing your cash flow effectively?

  3. Are you appropriately allocating your assets and liabilities?

  4. Are you on track towards saving for the future?

  5. Are you prepared for the impact of death or disability upon you or your family?

If you answered "no" or "I don't know" to any of these questions, then you could benefit from the services of a financial planner.

Cost

The most obvious question is, "What does all this cost?" Our hourly rates are $180/hour and depend on the scope of the work performed. An Everyday Steward advisor will provide a quote upfront based on the number of hours we estimate it will take to do your plan. You are only charged the fee quoted even if the plan requires more hours than originally estimated.

Below is an overview of how much time is typically required for a financial plan:

Analysis of ONE of the following areas: (1-2 HOURS):

  • General Questions
  • Budgeting
  • Goal Setting
  • Tax Estimate
  • College Education
  • Financial Overview – General Assessment

Detailed Financial Analysis, which may include the above areas and: (3-10 HOURS:

  • Cash Flow Analysis
  • Retirement Analysis
  • Investment Analysis
  • Life Insurance Analysis
  • Basic Estate Counsel

The complexity of an individual's financial situation is the driving factor in determining the time needed to appropriately answer questions or provide recommendations in any of the above areas. These following factors add to the complexity of the process and, therefore, increase the time involved in preparing the plan:

  • Small Business Owner, Self Employed
  • Multiple sources of income (rental, pension, etc.)
  • Large number of investment holdings
  • Holdings in variable annuities
  • Large number of insurance polices
  • Permanent life insurance policies
  • Stock Options

Please remember that you do not commit to spending any money until a proposal is made to you by an Everyday Steward Advisor, until the work is completed and your expectations have been met. Click here to GET STARTED.