Comprehensive Financial Planning
Advice-only financial planning at Red Kennedy Financial begins with a comprehensive review and analysis of your current finances. After discussing your values and goals, I deliver detailed recommendations for aligning your financial assets with those goals; this includes a step-by-step action plan to help you achieve your financial objective.
If dentists charged the way financial advisors charge, they would fix your teeth, then demand a bite of every sandwich you eat for the rest of your life. My Fee-Only practice operates on my Dad’s model of simple and transparent fees.
Planning Fees
New relationships begin with a four-month comprehensive planning engagement at a flat fee. Half of the cost due upon the signing of our formal agreement letter, and the other half) is due upon the presentation of the financial plan.
How fees are calculated -- The fee is calculated based on investable assets. The complexity of your financial situation—self-employment, high numbers of accounts—can add to that fee.
First time clients have an added $1,000 fee.
Fee Schedule
Investable Flat
Assets Fee
$250,000 to $1,000,000 $4,500
$1,000,000 to $2.5 Million $6,500
$2.5 Million to $4 Million $8,500
$4 Million and on $8,500 + 20 basis points
(0.20% of assets exceeding $4 Million)
Hourly Fee of $350/Hr
Effective January 1st, 2024