How we charge
WBH Financial Services is a fee only financial planning firm.
In order to make financial planning affordable to you we offer several (three) financial planning packages, services billed on an hourly basis or by project.
Financial Planning Packages
Managing assets is not a requirement to work with us. When you are starting out you may need the help but not have an asset base to meet minimum fee requirements. Fees for our planning packages are based on your income and the total value of the assets you own. We ask for 2 years of tax returns to verify income and will help you identify your asset base. Once our fees are established, the rate is locked in for two years. Fees for our planning packages are collected on a monthly basis.
Services Billed on a Project or Hourly Basis
For those seeking help on a specific task, for example a divorce, debt retirement plan (debt retirement), cashflow planning, optimizing social security distributions, we will estimate time required for the project and accept a retainer equal to 50% of the estimated cost of the project. Final payment will be due upon completion of the project.
- Money management is offered as a service separate from our financial planning services.
- For this service we charge based on a percentage of the assets we manage for you.
- If we provide financial services to you through one of our planning packages, fees are offered at a discounted rate.