Legacy Financial Advisors LLC provides financial planning and investment advisory services on a fee-only hourly as needed basis, a retainer basis or % of assets basis. A fee- only basis means that there is a flat hourly rate and you are charged for the time you need. A % of assets charge is currently in place for portfolios composed of individual equities. Rebalances are based upon dollar level of assets as well as number of accounts and investments in different accounts. Only 1% of advisors operate on a fee-only structure but Legacy believes that commission based compensation leads to conflicts of interest.
 
Barbara offers a Get Acquainted Meeting. However unlike many advisors, Barbara believes that there is no such thing as a free lunch except for diversification and that the sooner a client becomes acclimated to the idea that you get what you pay for the sooner the client will reap the benefits. Realizing that this second step may be difficult, Barbara offers this one hour meeting at a subsidized rate of $35. Legacy assumes the risk for you. At this meeting Barbara will answer your questions about fee-only planning and financial planning in general, find out your concerns and ask questions to determine if there are issues that you are unaware of. If there is a fit, you can start building your legacy together. Barbara will provide you with an estimate of the work needed and the cost based on her regular hourly rates as well as the process used to create your project or plan.

It may be harder to write a check for a plan but it truely costs significantly more to have a plan prepared the traditional way - usually it costs 1/3 to 1/2 to go the fee-only route rather than the traditional route or even less.  This doesn't even include ongoing investment costs which throws the equation even more favorably to the fee-only camp. But just like a grocery uses milk as a loss leader, some consumers can't resist the temptation. These marketing loss leader plans are marketing tools, they tend to meet their marketing objectives of selling products but they may not meet your objectives - how to use your assets and cash flow to meet your needs as effectively as possible.

Legacy Financial Advisors LLC has hourly rates for financial planning and a higher hourly rate for investment advice.  Most projects vary from 3 hours to 20 hours. Annual and quarterly portfolio reviews are now offered at packaged rates depending on the number of investments, number of accounts and the size of the portfolio.  Planning reviews usually take 2-6 hours. 

Legacy is convinced that consumers will actually save money by paying for quality financial advice and implementing their plans without constraints on product choices. In the long run, cost differences are likely be very significant. Start saving today. Thanks for visiting. See you soon.