Isn’t financial planning just for people who have lots of money?
Any individual or family seeking financial advice can benefit from my services. As a member of the Garrett Planning Network, I have taken a pledge to offer my services to all people, regardless of income or assets. I welcome clients who simply want a one-time financial review or who are interested in a second opinion before making a major financial decision. Equally welcome are those who seek on-going coaching and plan monitoring over a longer period of time.
What is “fee-only financial planning” and why should it be important to me?
Only clients pay fee-only financial planners. I never receive any commissions, sales incentives, bonuses or special perks from insurance companies or other financial service entities for selling their products. Kelly Financial Planning is a true fee-only financial advisory firm. Knowing this, you can approach me with the full knowledge that I will only make recommendations that are in your best interest. You do not have to worry that I will need to “sell you something” in order to be paid for providing you advice.
Do I need to be in your immediate area to use your services?
Thanks to modern technology, it is generally not essential to have in-person meetings. Frequently, work may be accomplished for distance assignments through the use of virtual technology, online data collection and other tools. The choice of a distance assignment is determined by a client’s comfort level working with someone who is not in the immediate area. I pledge to provide quality service to my clients regardless of whether meetings are virtual or face-to-face.
Do you offer your services to businesses that would like to provide objective investment advice to their employees?
Any organization (profit or nonprofit) desiring to provide unbiased, conflict-free advice and financial education to their employees can benefit from my services. I can also provide financial advice and coaching to rank and file employees and/or senior executives on a retainer basis. Your employees will appreciate the fact that you have engaged an independent, fee-only firm, thus eliminating the possibility of sales pressure related to product sales or bundled services. For more information, contact me.
I understand the benefits of working with a fee-only financial planner, but I might need to obtain financial products. How will I be able to do that?
While I do not sell financial products, I will offer specific recommendations and opinions regarding the purchase of the various financial products that may be appropriate for you. So, if you need to obtain an insurance policy or a new mortgage, invest in a portfolio of mutual funds, or find an estate planning attorney or tax professional, I can direct you to the resources you need and/or help you obtain these products and services. If appropriate, I can also help you implement your plan and set up your accounts.
I have already accumulated assets and I think I am doing well, but things are getting more complicated. I want to be sure I am on the right track. Can you help me?
Yes. People who need more sophisticated financial planning or advice will find my services appealing and beneficial. I can provide a professional review or second opinion.
If I use Kelly Financial Planning to develop a financial plan, am I obligated to purchase the recommended products?
Absolutely not! I do not sell products. I only offer recommendations to meet your needs and objectives, but you are under no obligation to purchase anything. I also recognize the importance of shopping around for the best available product or service. If you need life or disability insurance, for example, I will suggest the type of policy, various riders or additions and the amounts that best fit your situation. If appropriate, I can then direct you to one or several different providers with quality products at competitive prices.
The extent of my involvement in helping with your purchase of a product or investment is also up to you. If you would like, I can help you purchase investments and/or set up accounts with a third-party custodian like a discount broker. Since I am not compensated by commissions or products, you can be assured that my recommendations are based on what I truly believe is in your best interest. I take my fiduciary role seriously.
How do you price your financial planning services?
Kelly Financial Planning is an hourly, fee-only financial planning firm. The rate is $425 per hour. Depending on your needs, financial planning generally falls into one of three levels:
Focused Planning: 5–8 hours | $2,125–$3,400
Comprehensive Financial Planning: 10–12 hours | $4,250–$5,100
Advanced Financial Planning: 13–20+ hours | $5,525–$8,500+
We'll discuss what you're trying to accomplish, recommend the appropriate scope and provide an estimate of the time and cost before you begin.
I provide prospective clients with firm quotes of estimated fees at the end of a no-obligation initial meeting.
Once my financial plan or project is finished, will our relationship end?
No. Financial planning doesn't end when your plan is complete. Existing clients can return whenever a financial question or decision comes up. Whether you're considering a major purchase, evaluating an investment, preparing for retirement or navigating an unexpected change, I'm here when you need me.
Additional planning and coaching are available at $425 per hour, with no required ongoing fee.
How can I get started?
Our first step is an initial inquiry. You can reach out to me at info@kellyfinancialplanning.com or 513-379-2527. The initial get-acquainted meeting is no cost and no obligation, and we’ll discuss which of my services is appropriate for you. The end result is a move towards financial freedom and peace of mind. Contact me today to get started.
What is Life Planning?
Sometimes the best financial planning doesn't begin with the money. It begins with your life.
As a Registered Life Planner® (RLP®), Mike offers a three-session Life Planning experience designed to help you uncover what matters most, envision the life you want to create and identify what's standing in the way.
Life Planning can stand alone or be completed before your financial plan.
Life Planning helps clarify the destination. Financial Planning helps build the roadmap.