Pricing
Impact Financial is proud to be a fiduciary, fee-only firm.
âFiduciaryâ means we are legally obligated to act in your best interests at all times. Not all financial advisors can say that.
âFee-onlyâ means we are paid only by our clients. Not all financial advisors can say that.
Learn more about our different service offerings and fees:
Ongoing planning + investment management
The whole enchilada. The full nine yards. Itâs like having your very own, personal CFPÂŽ and CPA on speed dial.
An ongoing, comprehensive service where we partner together over the long haul to help with virtually all aspects of your financial life.
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To start off, you will receive a customized financial plan or retirement plan, depending on your stage of life.
Then, on a regular basis we meet throughout the year (virtually or in-person) to monitor your plan, make adjustments, and track your overall progress.
With this package, we will also manage an investment account(s) on your behalf. Client accounts are managed through SEI Private Trust Company or Altruist, both of which are third-party financial institutions.
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Our ongoing planning and investment services start at $1,250 per quarter ($5,000 per year).
We also charge a $600 start-up fee to cover the construction of your initial financial plan or retirement plan.
And once your managed investment accounts rise above $500,000, you graduate to a tiered âassets under managementâ fee as follows:
First $500,000 = 1.00%
Next $500,000 = 0.85%
Next $1,000,000 = 0.65%
Everything above $2,000,000 = 0.35%
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Those looking to partner with a trusted professional over the long-term
Busy, mid-career professionals
Those nearing retirement, or who have recently retired
Self-employed and/or small business owners
Those who have worked with a financial advisor before, and are comfortable delegating certain aspects of their financial life
One-time financial plan service
First time working with a financial planner? Not looking for long-term, ongoing service? This option is designed for you.
We call it the JumpStart Plan, a short-term service package where we partner together to create your game plan and get you started down the right path.
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With the JumpStart program, we will do the following:
Create your financial plan
Prepare a list of recommendations (aka your âto-do listâ for how to implement your plan)
Answer any other questions, big or small
After the program ends, you have the option to convert to the ongoing service package if youâd like to keep working together. If not, we simply part ways as friends and are happy to be a resource in the future!
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$4,000 for individuals and $4,500 for couples.
You pay $600 upfront to get started, and then the remainder is due upon delivery of your plan.
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Those who have never worked with a financial advisor before, and want to âtest the watersâ
DIYers whoâd like a second opinion on their current strategy
Young professionals who need help with the building blocks of personal finance but donât yet need or want ongoing guidance
Hourly consultations
Looking for advice on just one specific topic? Donât need (or want) a comprehensive plan?
Feel free to pick our brain and simply pay by the hour.
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A limited-scope service on whatever financial planning, tax or retirement topic you need help with.
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$300 per hour, with a 2-hour minimum booking requirement.
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Hourly services are ideal for folks not needing (or interested in) a full-scale analysis of their finances.
In other words, this service is for those who have a specific question on one or two topics, for example - buying a house, paying off debt, or a tax question.
Tax preparation
Tired of doing your taxes yourself? Need a new CPA?
Let us do your taxes, so you can spend your time doing literally anything else. đ
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An experienced CPA who prepares and files your federal and state tax returns for you.
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Tax preparation fees start at $500.
The fee will depend on the complexity of your personal situation, up to a maximum fee of $5,000.
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Simple - itâs for folks who would rather pay a professional to do their taxes.