services // mainstreet financial planning, inc.

Individuals and Families

Open All Close All

• Family/Individual Financial Plan: Sometimes called a Comprehensive Financial Plan. A look at all aspects of your financial health: cash flow/saving assessment, debt management, investment planning, college planning, income tax planning, real estate assessment including income property, insurance planning, estate planning, & retirement planning accompanied by free advice on an email basis for one year along with an end of one year follow up meeting. Average Fee: $1800 - $2400 covering service for one year
• Advice on a Specific Topic: A detailed evaluation and recommendation of a specific question such as inheritance, Roth IRA conversion, or home purchase Typical Fee: $250 - $600
• Client Advice by Email: Any Friday: Ability to ask a question by email any Friday and receive an answer within one business day. Offered to prior comprehensive clients $250, $225 if paid by Jan. 31, 2010. .
• "Planning on the Fly": "2 hour brain drain" session designed to answer any question(s) on the spot that can be covered in a two hour time period. Typical Fee: $600
• Client Semi Annual Re-balancing Session: Report and specific recommendations to buy/sell sent by email with phone follow up. Typical Fee: $250 - $600
• Insurance Checkup: Evaluation of health, auto, homeowners, life, disability and long term care insurance needs. Typical Fee: $250 - $400
• Investment Manager Selection Assistance: Development of an Investment Policy Statement, incorporated into a Request for Proposal sent to 6-12 investment managers based upon the client desired style(s) of management. Includes client education and interviews along with recommendations. Typical Fee: $1,200- $1,800
• Estate Planning: Evaluation of basic estate planning documents: Will, Living Trust, Irrevocable Trust, Living Will, Durable Power of Attorney, Durable Power of Attorney for Healthcare. Typical Fee: $150 - $450
• College Planning: Extensive calculation and evaluation of amount needed to cover college expenses and methods of funding, including financial aid Typical Fee: $300 - $900
• Real Estate Planning: Evaluation of income producing properties, assessment of rent vs. buy scenarios Typical Fee: $300 - $600
• Investment Implementation Help: Assistance in implementing investment recommendations, completing required forms, three way calls with broker/dealer or custodian Typical Fee: $75 - $150

Home visits requested by client or prospect Fee: $60

Business and employers

Open All Close All

• Financial Planning Seminars: 2 hour education seminars for employees, including company benefits Typical Fee: $600 per presentation plus research/preparation time
• Individual Employee Financial Counseling: In conjunction with the financial planning seminar, an abbreviated individual evaluation of an employee’s financial health, along with a spouse or significant other, followed by a written report with recommendations to the employee. Typical Fee: $500 per session
• Retirement Plan Type and Provider Selection Assistance: An evaluation of a current retirement plan provider, if there is one, and ranking and help with selection of a new provider using a proposal process. Typical Fee: $750 - $1000
• Investment Recommendation for Retirement Plan: Evaluation of current investment choices and recommendations on new investments Typical Fee: $600

Follow On Programs

Open All Close All

• Annual Advice and Review Program (AA&RP): • Annual Review of your goals, financial profile, financial plan and investments. Recalculation, if necessary • Personal conference call to gather and share additional information and changes in goals, if any • In-person consultation, and a separate 3-6 month later telephone conference call with further ideas, suggestions and written recommendations concerning all aspects of personal finance including re-balancing of investments, if warranted• Complimentary “Any-Friday” email question/answer service (upgraded from First Friday) • Email or written alerts when legislation, IRS or other events occur that may affect your financial plan • 25% discount on additional hourly services • One year subscription or addition to Money Magazine, or Kiplinger Personal Finance, your choice A $1,500 value for $1,000. Payable $500 at initiation and $500 at formal presentation. A $100 discount on final payment if the $500 is paid by Dec. 31, 2010 for 2011 work.
• Periodic Review Program (PRP): (more than 24 months since last presentation) • Review of your original questionnaire, goals, profile, financial plan and investments to include a conference call to review your information in advance of the meeting. Recalculation, if necessary • In-person consultation with ideas, suggestions and written recommendations • Complimentary “Any-Friday” email question/answer service for an additional year A $1,700 value for $1,400. Payable $500 at initiation, and $900 at formal presentation. A $100 discount on final payment if the $500 is paid by Dec. 31, 2010 for 2011 work.
• Continuous Service Program (CSP): • All Annual Advice & Review Program (AA&RP) benefits • Full time, business hours access by email or phone for questions (up to one billable hour per quarter including research time) • Money manager/Broker three-way conference call (if requested) • Intervention assistance with bank, insurance company, credit card company, or securities custodians to help with problem resolution (one, up to one-hour intervention per year) • Quarterly reviews and summary reports of investment performance (duplicate statements required), asset allocation, and profile updating including a personal meeting or conference call • Complimentary one-hour training session via phone on software, website, topic or issue to facilitate your use/knowledge (within our expertise only) • Five additional annual billable hours at 50% of rate (not transferable to subsequent years) • Up to one-hour annual complimentary telephone advice for an immediate family member to include parents and children (excludes grandchildren who can use the discount billing rate up to 5 hours) A $3,600 value, for $2,400, payable $600 quarterly in arrears