PRINCIPLE ONE-TIME & RETAINER FINANCIAL PLANNING
We focus on process, not products, for the value and results you deserve.
Learn more about how we can help you with our one-time financial planning package.
By creating and implementing a financial plan that aligns your goals with your financial resources, you can feel more confident about achieving them.
One-Time Financial Planning with Sona Wealth is ideal for those who want clarity around their financial journey, but prefer to keep assets on their current platform.
Personalized balance sheet and cash flow statement
Investing and cash flow education
Estate planning analysis
Goal setting for the future
OUR ONE-YEAR PLANNING PROCESS
First 1-3 months -- a financial plan is created.
Months 3-12 -- quarterly meetings to coach and implement
We all strive to reach our labor-independence date, a date when if we work, it’s by choice, not necessity. When we get past the age of 45, we are closer to the end of our careers than the start. Are you ready? Our retirement projection process will increase the probability that you will get to your happy place sooner.
Cash Flow & Debt Management
Cash flow seems easy enough, but few have a system in place to manage it and it’s easy to lose control. This is even more true of debt. Families often have a greater ability to manage debt and investments than they think. Having a process in place will help you make the most of what you have and get to your happy place sooner.
As fee-only advisors, we can’t sell insurance, but we can give an unbiased, conflict-of-interest free opinion. This is the only way to make sure the insurance is right for your family and your financial journey.
Are your wishes known? If something happens to you, will your family be taken care of? Who gets custody of the kids? What happens to the house? Who will handle your affairs? What are your health care wishes? We are not lawyers, but we help guide you through the process, coordinating it with other parts of your financial plan.
Tax Planning & Investing
Are you being proactive regarding taxes? Or reactive? We don’t prepare your taxes, but we make sure you are taking a proactive approach to your taxes and investments. Minimizing taxes both in and out of retirement will help you keep more of what you earn and get you to your happy place sooner.
Investing & Risk Management
Do your investments match your ability to take on risk? Willingness to take on risk? Do you need risk to get the return needed to reach your goals? We will not only match your investments with your risk tolerance but will educate you on an ongoing basis, so you understand the role of risk. If you ignore your 401k during a COVID-type episode, it will be out of understanding and not fear. This behavioral coaching will make your financial journey more enjoyable and get you to your happy place sooner.
How did it get so expensive? With its cost going up 2-3x more than everything else, including wages, it is less and less affordable. To keep your child from having life-changing student loan debt requires more planning than ever, especially if you want to get to your happy place sooner.
PRINCIPLE SERVICE FEES
Short-term financial planning
(Over 12 consecutive months)
Usually Between $3,600 - $6,000
One-time fee, depending on complexity of your finances
Typically $1,600 billed at beginning of project and $500 per quarter
(Ending after one year)
Retainer available for 80% of one-time price
Ideal for individuals nearing retirement that may need a second opinion to ensure their investments and financial plan stay on track for their future.