Financial Planning Process

Phase I:
Get to Know Each Other

  • Discuss client’s goals, concerns, questions

  • Discuss expectations for both parties moving forward

  • Confirm we’re a good fit

  • Agree on terms of financial planning engagement (scope, fees, timeline)

Phase II:
Create and Implement Plan

  • Thorough quantitative and qualitative data gathering

  • Review initial recommendations and make adjustments as necessary

  • Prioritize action items and begin implementation

  • Review with attorney and CPA

Phase III:
Monitor and Update the Plan

  • Two months after the full plan implementation, we’ll review progress, identify any obstacles, and establish goals for the next year

  • Planning reviews are scheduled 2-4 times a year, depending on the client’s needs

  • Availability on an ongoing basis for any questions or concerns

Financial Planning Fees

Clients of Beckham financial typically have investments they want professionally managed as part of their overall financial plan (Fee Model 1). For clients who want to pay a one-time fee for a financial plan with no ongoing investment management, or clients who do not have sufficient investable assets to manage, there is a flat fee option (Fee Model 2). See more details below.

  • Services: Financial Planning and Investment Management

    Annual Fee: Based on Assets Under Management (AUM):

    $0 - $1,000,000: 1.0%
    Next $4,000,000: 0.8%
    Next $5,000,000: 0.6%
    Over $10,000,000: 0.4%

  • Services: Financial Planning only

    Annual Fee: One-time fee based on 0.5% of your net worth + 1.0% of your earned income.