Per Hour Planning
As much affordable personal finance advice as you need. Only what you need. Retain control.
Per Hour Planning offers you the opportunity to hire and tap in to the insight and experience of a qualified, experienced fiduciary CERTIFIED FINANCIAL PLANNER™ consultant to work on financial projects and plans for you, both large and small.
The beauty of the Per Hour Planning solution is that your designated advisor will address only what it is that you want to accomplish and that you retain control over the fees that you pay. This can be a broad-based project such as an whole review and consolidation of your personal finance environment in terms of accounts, investments, debt management, estate planning, education funding, insurances etc or perhaps a detailed analysis of all your investment accounts, retirement plans and IRAs followed by specific recommendations for how to better optimize them.
Or - at the other end of the spectrum - it could be something much narrower; like having your new 401k at work analyzed and getting suggestions as to how to allocate your contributions or taking the guesswork out of how much really you should be putting away (and where to put it) to properly fund your children’s education.
You will also be able to access the Anglia Advisors Professional Network of financial and legal professionals, who are specifically experienced and qualified in dealing with our clients in the implementation of our recommendations.
No up-front or membership fees are required, you just pay as you go for high quality and no-hidden-agenda personal financial advice. You can choose to be invoiced monthly for hours worked that month or your advisor can estimate in advance the number of hours required to complete the plan, you make a downpayment on the estimate and the balance is billed for after the project is completed and presented. You can always check at any time as to how many billable hours have been worked in the cycle.
Unlike the Monthly Membership option which is intended to be an ongoing, more long-term relationship which can go on for an indefinite amount of time, the Per Hour model is viewed as having some kind of pre-defined reachable objective and terminal date reached in a matter of weeks or months at which the engagement stops or at least pauses, although of course, such engagements can be re-activated or re-instituted at any time.
Per Hour engagements are also commonly added to Hourly-Based Sessions as a supplement, to complete any tasks that maybe arose in the course of the session and that may require additional time, resources and research to address or were not addressed in the session due to time constraints. In this regard, a Per Hour engagement may be preferable to an additional Hourly Session where, once again, the client and the advisor are sitting together. In many cases, such followup can be researched, worked on and prepared by the advisor alone, without the need for the client to be present, until the full “reveal” at the end.
Important note: As a Registered Investment Advisory firm, Anglia Advisors is not permitted to give direct tax or legal advice, but is permitted to broadly describe the tax or legal landscape in which the client may be operating.
FEATURES AND PRICING
Minimum of two billable hours. Hours are billed in half-hourly increments. Billable hours include those spent in meetings in-person at our location in New York City or any other location or by online video conference, phone calls, time spent analyzing client data, researching and preparing recommendations, preparing and presenting of final reports and any other relevant activities directly related to the engagement. Short, single issue incoming phone calls of about 10 minutes or less or text messages or emails that can be responded to promptly will not be subject to any billing nor, in general, will most calls that are initiated by Anglia Advisors.
Clients can elect to simply be invoiced at the end of each month (including any partial first month) for billable hours worked during that cycle (accompanied by an explanation of all the tasks completed) or, under a slightly different arrangement, clients can elect to be given a good faith estimate in advance of the number of hours anticipated to be needed to complete the engagement and this will be included in the client engagement agreement (CEA). An immediate payment of 35% of this estimate will be invoiced for upon execution of the CEA with payment due upon receipt with the balance due upon completion and presentation of the engagement or periodically every 90 days during the life of longer engagements, whichever comes first. If it becomes evident that additional hours are going to be required for completion of the engagement, the client will be informed and asked to approve any further hours beyond the original estimate in advance. If the number of hours in fact fails to match the number estimated, then an adjustment will be made to reflect this when the difference between the initial 35% deposit and the final total is calculated.
In either case, clients are able to request a status update of billed hours for a cycle at any time and can expect a prompt and accurate response from Anglia Advisors.
Per Hour engagements/projects are intended to have some kind of terminal date, but can be re-activated or re-instituted at any time. Per Hour and project engagements can be combined with Portfolio Management or Portfolio Advisory services and can be used as supplemental to Hourly-Based Sessions.