Project
Our Project pathway is an opportunity to receive financial advice on a particular topic that is of greatest importance or concern to you. We gather relevant information about your situation, priorities, and goals for the area of focus, and develop a plan to provide you the greatest opportunity for success. We outline specific activities required and provide a recommended timeline. Once the plan is finalized, you implement the plan independently and/or with the service providers of your choice. Areas of focus for a stand-alone Project financial plan include:
Net Worth Analysis - Have you ever wondered about your net worth? We’ll work with you to identify the components that apply to you, crunch the numbers, and create your personal Balance Sheet.
College Funding Plan - We will help you estimate the cost of college for one or more children, assess your potential for financial aid, develop a savings plan, and recommend strategies for bridging any gaps.
Retirement Readiness - Perhaps you would like to retire within a few years but are unsure whether your assets will support the lifestyle you desire. We will conduct an assessment to determine the likelihood that your employer benefits, Social Security, and personal savings are sufficient to support your retirement goals.
Risk Review - Any financial plan can be derailed if you aren’t prepared for unforeseen events with the appropriate insurance coverage or emergency funds. We will work with you to understand the risks you face, conduct a review of your resources and insurance policies, and identify any potential gaps or opportunities to reduce expense.
Debt Reduction - Some amount of debt can help you achieve your goals but too much debt and high interest rates can stand in your way. We’ll analyze the debt you have, prioritize areas of focus, and develop a a strategy to bring your debt into alignment with your other goals.
Investment Strategy - Wondering if you have the right investments to achieve your goals? We’ll analyze your current portfolio to determine your rate of return and level of volatility. We’ll recommend an asset allocation that is appropriate to your risk tolerance, time horizon, and future financial needs.
Additional areas of focus may be offered at client request. We do believe that comprehensive financial planning includes an analysis of all relevant factors and cannot be effectively accomplished piecemeal, therefore if you are considering more than one area of focus for a financial planning Project, we recommend you consider our Partnership or Roadmap pathways instead.
Fees
Project fees start at $500, depending on the complexity of your situation and needs. Fees for your specific Project will be provided in a proposal following an initial Discovery meeting.
At WorthWise, we don’t receive any compensation from selling you products or investments. Your service fee is our only compensation. We act as your fiduciary, with your best interests and financial success as our only priority.