The Wealth Management Process
Financial Planning Retainer Program
First Year
$1200
$300 initial fee & $75 monthly
Subsequent Years
$900
Paid $75 monthly
Cash Flow Planning
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Emergency fund vehicle and level
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Debt payoff strategies
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Cash flow projections
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401k/IRA contributions (Trad. vs. Roth)
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Home purchase decision
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College education planning
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Stock compensation elections (ISO, NSO, RSU, RSA)
Investment Advice
(See "Portfolio Wealth Management" for investment management)
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Asset class allocation
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Portfolio evaluation
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Advice on retirement accounts
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Advice on annuities
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Detailed portfolio customization and design
Estate Planning Advice
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Review of existing documents (Will, Trust, Advanced Medical Directive, Power of Attorney, etc.)
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Charitable estate planning
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Estate settlement advice
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Advice on trusts
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Coordinate with Estate Attorney
Retirement Planning
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Social Security claiming strategies
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Roth conversion strategies
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Retirement withdrawal planning
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Timing of retirement
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Charitable giving strategy
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Pension election planning
Tax Planning
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Identify taxable income and tax rate
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Identify tax-reducing strategies
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Plan cash flow for quarterly tax payments
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Coordinate with CPA on annual tax filings
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Stock comp structuring/strategies
Insurance Advice
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Pre-65 healthcare planning
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Medicare planning (Medigap vs. Advantage)
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Advice on:
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Life insurance
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Property/casualty insurance
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Disability insurance
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Long-term care insurance
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Review of:
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Employee benefits
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Beneficiaries
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Asset allocation within cash balance plans
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"In-force" ledgers and illustrations for existing policies
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First Steps
The Wealth Management Process is an opportunity for you to experience working with our team, gain insight into where you currently stand financially, and decide if you'd like to work with us on a long-term basis.
Step 1 - Initial Phone Meeting
Before committing your time or ours, this 15-minute phone call will give us both a chance to make sure your situation matches our expertise.
Step 2 - First Virtual Meeting
The goal of this meeting is to get clear on your goals, concerns, and unique financial situation.
We may discuss taxes, investment portfolios, retirement, and financial goals.
Step 3 - Second Virtual Meeting
The goal of this meeting is to demonstrate how our firm can help with your concerns discussed in the first meeting.
We may discuss what we can do to help lower taxes, improve portfolios, reduce threats to retirement, and achieve financial goals.
At this time we will determine (together) whether we are a good fit, if we can help, and what the fee would be.
Step 4 - Third Virtual Meeting/Paperwork
The goal of this meeting is to answer any questions you might have, and if you are ready, start the paperwork to become a client.
Onboarding
If you decide to work with us on a long-term basis, we will start the onboarding process. We will conduct four structured meetings that will ensure we fully understand where you are in life, where you want to be, what risks might be hidden, and ultimately, clearly explain our recommendations in normal english.
Your Getting Organized Meeting
The goal of this meeting is to gather all of the necessary documents and set up your new financial dashboard. You will be able to see your entire financial life in one place and know where you stand today.
Your Dream Meeting
The goal of this meeting is to understand where you want to end up. Whether you want to describe your perfect retirement, or the next big vacation, we want to know what we are helping you achieve. Our job is to figure out the best way to get there.
Your Risk Meeting
The goal of this meeting is to identify the risks specific to your circumstances. This includes reviewing your employee benefits, life insurance, property insurance, and more.
Your Presentation Meeting
The goal of this meeting is to describe how we are going to achieve your goals. We will simplify our strategies in normal English and begin a plan to execute them over time.
Quarterly Meeting Schedule
At Mainstay Capital, our service extends beyond onboarding. We continuously update your plan to match life's changes. Each quarter, we focus on a specific area of your plan, providing proactive, timely advice.
January - February
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Retirement Contributions
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HSA Contributions
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Investment Policy
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Upcoming Tax Forms
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Stock Option Exercise
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Account Distribution (Retirees)
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RMD / QCD (Retirees)
April - May
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Student Loans
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Life Insurance
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Beneficiaries / Estate Plan
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Social Security
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Review Tax Return
July - August
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Long Term Care (LTC)
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Disability Insurance
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Property Insurance
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Employee Benefits
October - November
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Tax Planning
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Roth Conversions
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Tax Loss/Gain Harvesting
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Open Enrollment (Medical)
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College Funding
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End-of-year RMD Check (Retirees)
Portfolio Wealth Management
At Mainstay Capital, we provide all of our clients with comprehensive Portfolio Wealth Management services at a cost that's below the industry standard. Our firm prides itself on the exceptional value delivered through our holistic financial planning approach, rather than attempting to outperform the market.
Altruist is our investment platform of choice at Mainstay Capital for a multitude of reasons.
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All-in-One Platform: Altruist is an integrated digital platform that combines various functionalities such as account opening, investing, trading, reporting, and billing into one streamlined solution.
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Self-Clearing Brokerage: Altruist operates as a self-clearing brokerage, which means it independently processes its own trades. This removes the need for a third-party clearing firm, potentially reducing fees and increasing transaction speed.
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Commission-Free Trading: The platform offers commission-free trading, aligning with our commitment to transparency and cost-efficiency.
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Innovative Technology: Altruist's digital-first approach and commitment to innovation allow us to leverage the latest technology in serving our clients.
By utilizing Altruist, we're able to provide our clients with a high-quality, efficient, and transparent investment experience.
Our fees
Assets Managed
under $200,000.00
$200,000 to $500,000
$500,000 to $1,000,000
$1,000,000 to $5,000,000
in excess of $5,000,000
Annual Fee INCLUDED (0.00%)
0.80%
0.50%
0.30%
0.20%
We've specifically structured our portfolio wealth management services to be inclusive, accessible, and aligned with all of our clients.
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Inclusivity: Our no-minimum-investment policy allows individuals and families at all wealth levels to begin their wealth accumulation journey.
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First $200,000 Managed: With our retainer plans, we include management of the first $200,000 of your investments.
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Alignment of Interests: We're committed to acting in your best interest, and we don't earn commissions. Instead, we succeed when you succeed, creating a partnership based on trust and mutual success.
Our goal is to make financial planning and wealth management as straightforward, transparent, and beneficial as possible for our clients. We're here to guide you on your financial journey and help you achieve your goals, no matter where you're starting from.