Q: Does your 1% fee include the cash flow management, tax planning, estate planning, insurance analysis, etc… or is there an additional cost for those services?
A: Our 1% fee does include our guidance and advice on the issues you mentioned (insurance, estate planning, etc.). It is very important to us to make sure that our clients’ entire financial picture is synchronized and taken care of. We will not actually write the insurance or draft a will or do your taxes, as we are not licensed to do this. These specific services will have to be hired out. However, it is important to us and our clients to guide them in the right direction and ultimately find them the best resource for them to complete these tasks.