The Wealth Management Process
How It Works
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.
*Please feel free to send us anything you'd like reviewed
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.
Working Together
Once we have decided to work together, we will develop the plan and execute it together.
We will provide a detailed explanation of the process below, and answer
any questions you may have.
1
Understand your circumstances
2
Identify and select goals
3
Evaluate risk
4
Implement & Invest
5
Monitor & Update
Our Fees
Transparency is a core value of Mainstay Capital.
Below are our fees for the Retainer Program as well as the Portfolio Management Program.
All clients pay the Retainer Program Fee, with asset management being an additional fee based on assets managed. At the bottom of the page, there is an illustration comparing the combined fee to the standard one-percent industry average.
Financial Planning Retainer Program
Not sure which plan is right for you? Don't worry!
We'll figure this out together in our initial no-obligation meetings.
Growing Plus
$480/ year
Paid $40 monthly
Services may include:
Cash Flow
-
Emergency fund vehicle and level
-
Debt payoff strategies
-
Employee benefits review
-
Cash flow projections
-
Pre-65 healthcare planning
-
Job/Career change evaluation
-
401k and IRA contributions
Retirement planning Services
-
Assist with goal setting
-
Capital needs analysis
Tax planning Services
-
Identify taxable income and tax rate
-
Identify tax-reducing strategies
Investment Services
-
Asset class allocation
-
Portfolio evaluation
Insurance Services
-
Advice on life insurance
-
Advice on general property/casualty
Growth Unlimited
$900/ year
Paid $75 monthly
All services in the Growing Plus plan, plus:
Cash Flow
-
Income tax planning
-
Home purchase decision
-
"Windfall" planning (Sale of business, inheritance, severance)
-
College education planning
Retirement planning Services
-
Social security claiming strategies
-
Roth conversion strategies
-
Retirement withdrawal planning
-
Timing of retirement
Tax planning Services
-
Plan cash flow for quarterly tax payments
Investment Services
-
Advice on retirement accounts held outside Mainstay Capital
-
Advice on annuities
Insurance Services
-
Review beneficiaries
-
Advice on disability
-
Advice on long-term-care
Estate Services
-
Basic estate planning advice
-
Review of existing documents (Will, Trust, Advanced Medical Directive, Power of Attorney, etc.)
Wealth Plus
$1260/ year
Paid $105 monthly
All services in the Growth Unlimited plan, plus:
Cash Flow
-
Deferred compensation strategies
-
Small business retirement plan selection
-
Stock compensation elections (ISO, NSO, RSU, RSA)
Retirement planning Services
-
Charitable giving strategy
-
Pension election planning
Tax planning Services
-
Coordinate with CPA
-
Stock comp structuring/strategies
Investment Services
-
Detailed portfolio customization and design
Insurance Services
-
Review asset allocation within cash balance plans
-
Review "in-force" ledgers and illustrations for existing policies
Estate Services
-
Estate design
-
Charitable estate planning
-
Estate settlement advice
-
Advice on trusts
-
Coordinate with Estate Attorney
Portfolio Wealth Management
Partnering with Altruist
We choose to partner with Altruist.
Altruist is:
A modern custodian and brokerage providing
top-shelf software tools.
An investment platform for families,
individuals, and small businesses.
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%
There is no minimum investment amount for Portfolio Wealth Management. All retainer plans include the first $200,000 of investment management.
Affordable.
Professional.
In your corner.
Ask your advisor how much you paid in fees last year.