A Fee-Only Firm
As a fee-only firm, our only income is from you, our client, not investment companies or insurance carriers. With a fully transparent fee structure, you always know what you are paying. As a result, we have no inherent conflicts of interest or biases. We conduct our business under a fiduciary duty and are held to strict codes of professional and ethical conduct.
How Fees are Calculated
Our fees are calculated based on the nature of our work together. Your needs and goals will direct and drive our work, beginning with our initial phone interview. We will discuss your circumstances and goals, and we'll share a proposed partnership in more detail, which entails how we can help you work toward your goals and ideal future.
We charge fees either on a fixed fee basis for a defined project (e.g., a retirement plan, a full financial plan, or financial fitness review or update to prior work we’ve done together) or as an annual retainer for ongoing planning and investment advice/management.
Limited Scope Planning Projects
Fixed fees start at $3,500 for a consultation for your financial fitness review. Over the course of one meeting and a follow up call, we will cover some of the core areas of financial planning, such as retirement planning, college planning, and investment selection. Together, we’ll develop a financial map and action plan with recommendations for you to implement in order to achieve your financial goals. You can choose to add additional meetings for more comprehensive work and more support.
For a two-meeting project, fees start at $5500 for the additional meeting time and research for delving more deeply into your financial planning, retirement planning, college planning, and/or investment plan. We'd have more time to discuss insurance and estate planning, employee benefits, and other important questions for your future.
Fees for a full financial plan with investment advice range between $7,500 and $9,500 depending on the complexity of your particular situation and what you would like to include in your plan. Together, we’ll develop a strategy and prepare detailed action steps to guide you in implementing your plan.
Investment management is done under annual retainer arrangements.
Annual Retainer Services
We also offer planning and investment advice on an ongoing basis, with the shortest duration being an initial 12-month engagement. Under an annual retainer, we can address the full range of planning goals and respond quickly to changing circumstances.
After we complete your financial plan or our first year retainer, ongoing retainers may range between $300 per month for basic support (without investments) and $500 to $2,500 per month for more comprehensive services. We also offer investment management, small business consulting, and ongoing financial planning and/or budgeting and saving support.
Gallant Financial Planning has no minimum assets under management (AUM) requirements as some larger firms do, since we base our fee only on services and advice and the complexity of your planning and investment needs. Like our planning projects, our investment fees are calculated on a fixed price basis according to the level of services that you prefer.