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

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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

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The goal of this meeting is to get clear on your goals, concerns, and unique financial situation.

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We may discuss taxes,  investment portfolios, retirement, and financial goals.

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*Please feel free to send us anything you'd like reviewed

Step 3 - Second Virtual Meeting

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The goal of this meeting is to demonstrate how our firm can help with your concerns discussed in the first meeting.

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We may discuss what we can do to help lower taxes, improve portfolios, reduce threats to retirement, and achieve financial goals.

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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

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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.

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Working Together

Once we have decided to work together, we will develop the full plan and execute it together.

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We will provide a detailed explanation of the below process and answer any questions you may have.

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 will figure this out together in our initial no-obligation meetings.

Growing Plus

$480/ year

Paid $40 monthly
 

Services may include:

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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

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Retirement planning Services

• Assist with goal setting

• Capital needs analysis

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Tax planning Services

• Identify taxable income and tax rate

• Identify tax reducing strategies

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Investment Services

• Asset class allocation

• Portfolio evaluation

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Insurance Services

• Advice on types and amount of life insurance

• General property/casualty liability, disability, and long-term care advice

$900/ year

Paid $75 monthly

All services are included from the Growing Plus plan. Additional services include:

Cash Flow​​​

• Income tax planning

• Home purchase decision

• "Windfall" planning (Sale of business, inheritance, severance package)

• College education planning

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Retirement planning Services​

• Social security claiming strategies

• Spending policy for investment withdrawals

• Retirement withdrawal planning

• Timing of retirement

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Tax planning Services​

• Plan cash flow for quarterly tax payments

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Investment Services​

• Specific advice on retirement accounts held outside Mainstay Capital

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Insurance Services​

• Advice on existing life insurance policies

• Review beneficiary

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Estate Services

• Basic estate planning advice

• Review of existing documents (Will, Trust, Advanced Medical Directive, Power of Attorney, etc.)

$1260/ year

Paid $105 monthly
 

All services are included from the Growth Unlimited plan. Additional services include:

Cash Flow​​

• Stock options / Restricted stock strategies

• Deferred compensation strategies

• Small business retirement plan selection

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Retirement planning Services​

• Roth conversion strategies

• Charitable giving strategy

• Pension election planning

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Tax planning Services​

• Coordinate with CPA

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Investment Services​​

• Advice on annuities

• Detailed portfolio customization and design

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Insurance Services​

• Review asset allocation within cash balance plans

• Review "in-force" ledgers and illustrations for existing policies

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Estate Services​

• Estate design

• Charitable estate planning

• Estate settlement advice

• Advice on trusts

• Coordinate with Estate Attorney

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We choose to partner with Altruist.

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Altruist is:

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A modern custodian and brokerage providing top-shelf software tools.

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A full investment platform for families, individuals, and small businesses.

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https://altruist.com/.

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.

Fee-only. Fiduciary. CFP® qualified.