Financial Planning

Which planning model is best suited to fit your needs?

Introductory model

  • Complimentary one hour Discovery Meeting.
  • Used as the primary engagement before any other service is selected.
  • Provides an opportunity for both parties to determine compatibility.

Hourly model

  • For customers that request immediate assistance.
  • For those seeking a second professional opinion.
  • Hourly rate of $250.

Per Project model

  • Caters to planning that is limited in scope – for those who request services on a per project basis (up to 2 hours per session with a minimum of 2 sessions) and are not seeking an ongoing relationship.
  • Allows you to experience Otium AG’s style of planning and/or portfolio management before you become a client.

Retainer model

  • For clients who decide to retain an ongoing financial planning relationship year round.
  • No time limits and no session limits throughout the year (within reason).
  • Includes implementation, monitoring of the plan, and bi-annual reviews.
  • Unlimited access to online workshops and classroom lectures.
  • The option to bundle portfolio management without additional fees.

Management model

  • For clients who seek investment advice, construction, and non-discretionary financial management.
  • Provided on an ongoing, annual basis.
  • The option to bundle a financial plan without additional fees
How much do your services cost?

That depends. We provide an array of services with fees ranging from $250 to $4500. See above for details or get in touch with us if you have a more specific question about our fee schedule.

What is your investment philosophy?

Our approach leans toward passive (index) investing and long term strategic management. Our goal is to mitigate risk, expenses, and taxes; preserving more of the principal to compound. Our objective is not to beat the market, not to select individual stock positions, and certainly not to time the market. Overall, this leads to a simpler way of managing your investments while the focus is on meeting your goals.

What is the difference between a Fee Only and a Fee Based financial advisor?

We are Fee Only Planners. We receive a fee directly from our clients in exchange for our services: a financial plan or portfolio management. No commissions nor referral kick-backs play a part in our compensation. Whereas a fee based advisor may charge commissions in addition to fees, which may lead to conflicts of interest.

Do I need to have a lot of money to work with you?

There isn’t a minimum asset requirement for our financial planning services. For a reasonable fee, we can create a financial plan to get you out of debt, start saving for a goal, or provide a second opinion on your 401K plan you’ve just started. As you can see, these examples do not require a minimum asset threshold. However, there is a minimum balance required for portfolio management.

What payment options do you offer?

We use a third-party company by the name of PaySimple, an industry leading provider of payment management solutions. The company will send you an e-bill to collect the fees. Payment options include, but are not limited to all major credit cards, or electronic check processing.

I’m already working with an estate planning attorney, CPA, or an investment advisor. Do I have to use your referrals to complete the financial plan?

If you are already working with a company or professional who offers the products and/or services recommended, you have the choice to retain your existing relationship. As your financial planner, our mission is to get you to the finish line whether you use our resources or your own.

What does a “scope of engagement” mean?

This term defines the various topics that you would like to discuss and add into your financial plan. Topics include, but are not limited to budgeting, debt management, credit management, portfolio management, education planning, investment planning, tax planning, estate planning, insurance planning, pension planning, retirement planning, and entitlement program planning.

When should I hire a financial planner?

Older clients often share their personal sentiments of regrets of not having the opportunity to attain financial literacy at a younger age. If they could turn back the clock to buy more time to right the financial wrongs and avoid financial mistakes, they would in a heartbeat.

Our recommendation would be to start as early as you can, but it’s never too late. The earlier you start to plan your financial future, the longer the time horizon for you to save and grow your money while riding out the downturns of the economy or the market.

Otium Awaits

If you’re ready to start a conversation about your financial life, schedule a complimentary introductory meeting with us today!

Otium Awaits

If you’re ready to start a conversation about your financial life, schedule a complimentary introductory meeting with us today!

Sign Up Today!

Get all the latest from Otium Advisory Group...