Our Services, Process and Fees

 

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The staff at Northhampton Financial Services offer a combination of professional wealth management advice and services.

Fees

Our mission is to bring a thoughtful, common sense approach to helping our clients articulate their goals and to set out a map to help them find the way to achieve them.

We work with clients in two distinct phases: financial planning and investment management.

The initial financial plan ranges in costs from $900 - $2000. Cases that are less complex are typically on the lower end of the range; however, we also deal with more complex planning situations that involve business transitions, real estate and legacy planning

Investment management is on a fee basis, meaning that advisory fees are applied as a percentage of only the assets under our management. Our compensation is directly tied to portfolio performance, so our goal aligns with our clients, which is to see assets grow over time. Advisory fees are assessed on a sliding scale based on total assets under management. Our management fees range from 1% to 0.5%, depending on the assets under management. We have an asset minimum of $400,000.

Our Process

We work with clients in two distinct phases: financial planning and investment management. Our planning process typically involves three 90-minute meetings.

First Meeting:

There is no charge for the first meeting as this is an opportunity for you to learn about our practice and process as well as an opportunity for us to identify your goals. We do a lot of listening to provide clients with an opportunity to express their plans and concerns. During this meeting, we will assess the complexity of the plan and provide a firm quote to produce your plan. At this point we will gather as much information as possible and will probably provide a list of further information that we will need

Second Meeting:

The second meeting is where things start to take shape. We introduce an initial plan using visual planning tools and walk through everything in detail to make sure we have a complete and accurate picture. This is also where we begin to explore different scenarios and ideas, identifying potential risks as well as opportunities.

Third Meeting:

The third meeting is focused on specific planning recommendations as well as an in-depth review of investments. At the conclusion of the meeting, we discuss moving into the second phase, a long-term investment management and planning relationship. This is a mutual decision, as we want to be certain that it is the right fit for both parties.

We spend as much time as needed to help our clients understand what they own and why. We take into account the client's values and can customize portfolios based on their priorities. We meet with clients regularly. At each review meeting, we update the financial plan as part of our ongoing services, using it as a guide to help us make informed investment recommendations.

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