Service Programs

I.   Integrated Financial Planning Services

II.  Retainer Service

I. INTEGRATED FINANCIAL PLANNING SERVICES

Our service is appropriate for individuals looking for an integrated approach to their financial planning.  During the review of your financial plan, we will address the following areas of financial planning:

Goal Setting – The first objective in the planning process is for us, together, to identify your personal goals and objectives, so that we can better understand how your primary assets - your time and your finances - can be organized to achieve these goals. What do you want to happen, personally and financially, and in what time frame?

Review and Analysis of Cash Flow & Net Worth Assessment - I will review and analyze your current spending patterns and prepare an analysis which highlights current cash inflows and outflows. Together we will determine the level of discretionary income available for investment or other uses. The cash flow work would help us with long-term planning by providing a baseline with which to estimate your future spending needs. We would also assess your current financial circumstances through a personal net worth statement that lists your assets and liabilities.

Financial Independence Planning – This would involve exploring the age at which you wish to "retire" and the lifestyle you wish to enjoy during retirement. I will prepare an analysis to determine what amount of investments and additional savings are necessary to achieve your goals. Social Security projections and pension income will be incorporated into the analysis. I will generate long-term financial projections to help you see how various financial decisions might affect your ability to fund your long-term goals. Where helpful, we would develop scenarios to help analyze how best to achieve your goals and any tradeoffs that might need to be made among them.

Current Portfolio Review – We will focus on understanding your risk profile and the expected returns of your current portfolio, including all taxable and tax-deferred accounts. We would discuss investment strategies in order to help you understand which strategy may be best suited for your needs and risk preferences.

If appropriate, we will also discuss how we might implement and manage a long-term investment portfolio for you.

Tax Planning – We would address whether you are taking full advantage of opportunities to minimize your federal and state income tax liabilities. If I have sufficient information regarding your personal tax situation, I will prepare an annual income tax projection for the current tax year to estimate your expected liability or refund based upon projected income during the tax year. I will make recommendations to adjust your withholding or make estimated tax payments as necessary. 

Insurance Review – We would address whether you have adequate life, disability, and long-term-care insurance. I would also review your property & casualty insurance to determine whether you have adequate coverage. I will review your current insurance policies and make suggestions regarding the appropriateness of your coverage in meeting your current goals and objectives. I will make recommendations to insurance agents who specialize in the areas mentioned.

Estate Planning – I will review your existing estate planning documents (wills, trusts and powers of attorney) to ensure that they reflect your wishes and determine the need, if any, for any additional estate planning action. I will make recommendations regarding attorneys who specialize in drafting estate planning documents. 

Stock Option Planning (if applicable) – I will assist you with decisions regarding your employee stock options so that they complement your overall financial plan. I will review your specific stock option grants (both incentive and nonqualified stock options) in light of your personal financial situation, including your federal and state marginal tax brackets, net worth, personal objectives, risk tolerance and need for cash. I will consider external factors, such as interest rates (i.e., opportunity costs) and the prospects for an increase in value of your company's stock. 

Education Funding Analysis (if applicable) – I will prepare an analysis to determine what amount should be set aside to fund the education you desire for your children or grandchildren. I will explore financial aid possibilities. Additionally, I will present your alternatives for savings vehicles and help select the most appropriate vehicles given your specific needs.

Other Services As Needed - I will be available for consultation on major purchases and/or the refinancing of mortgages.

We will review your financial plan over the course of two 2-1/2 hour meetings. The fee for the plan is based upon the complexity of your individual situation and the amount of time expected to be involved in gathering the data, preparing the plan, and presenting the financial plan. The fee may be tax deductible.*

Typical Fee Range:
$3,500 - $9,000 +
* Please note: Investment fees and expenses are classified as "miscellaneous itemized deductions" and subject to a 2% limit of a taxpayer's adjusted gross income.

A TYPICAL ENGAGEMENT:

1. Initial Inquiry
If you feel that our financial planning and investment philosophy are appropriate given your needs, please contact us by phone or  This e-mail address is being protected from spambots. You need JavaScript enabled to view it to schedule an initial consultation.

2. Prior to the Initial Consultation
Please complete the Confidential Questionnaire

3. Initial Consultation
This session is an opportunity for us to exchange information about your goals and objectives and further discuss our services to determine if they may be appropriate for you. The initial consultation typically takes approximately forty-five minutes. Following our meeting, we will provide you with a proposal and "Consulting and Compensation Agreement" that will include a summary of services to be rendered and the fee for services. This will be sent via e-mail within five (5) business days.

4. Data Gathering
Upon receipt of the signed agreement and deposit, AFA, LLC will e-mail you a list of outstanding information required. You will also receive an e-mail directly from FinaMetrica, an online risk profiling system, which will provide you with logon information to take the 25 question risk tolerance questionnaire. Once we receive all of the requested information and the risk profile is completed, we will begin to review and develop your comprehensive financial plan. We may contact you to clarify some of the information. Once we have all of the required information from you, we will schedule two appointments, approximately eight to ten weeks later. The appointments should be scheduled approximately one (1) week apart, preferably in the mornings given the level of detail and complexity involved in the plan.

5. Analysis and Plan Formulation
We will develop your plan with all of the information you have provided. Once we conclude our research and analysis and produce the final plan with our observations and recommendations, we will meet to review the plan in its entirety.

6. Presentation Meeting
This meeting will typically be held eight to ten weeks after receipt of all of the requested information. We will present and review the financial plan that has been prepared with you over the course of two 2-½ hour meetings. We will discuss all of the analyses and provide you with a detailed written list of action items to be implemented. Full payment of the balance for actual fees incurred is due at the conclusion of our second presentation meeting. At this point, you will hold a personalized blueprint, custom designed to help you meet your financial goals.

7. Plan Implementation and Follow-up
Proper implementation is crucial to achieving your financial goals. If you choose to move forward as a Retainer client, Aznar Financial Advisors, LLC will be actively involved in the implementation of all of the financial planning recommendations. If you do not choose to move forward as a Retainer client, you will be responsible for implementing your plan. Phone and e-mail support will be available for a period of sixty days commencing with the second presentation meeting. During this period, we will answer your questions as you implement your plan.

Please click here to learn more about the benefits of a financial plan.

II. RETAINER SERVICE [top]

Continuing Service for Retainer Clients:
If, after having completed the review of your financial plan, you would like to move forward with an ongoing, long-term relationship with AFA, LLC, you may choose to move forward with a Retainer relationship. This relationship would involve ongoing coordinated financial planning and investment advisory services. We will actively monitor your investment portfolio over the course of the year, assisting with implementation, rebalancing if necessary, harvesting tax losses as appropriate, investment of additional cash as it comes available, and adjustments over time as your personal situation evolves. We will meet in person two times per year to review your financial planning needs and investment portfolio.

Please click here to learn more about the benefits of being a retainer client.

Fee:
The fee for Retainer clients, to be billed quarterly, is based on a percentage of the total assets under management as of December 31st of the previous year, subject to a minimum quarterly fee of $2,000.