How We Work, Together
First, we determine if there’s a good fit on both sides.
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Discovery Meeting
Maybe you have a specific question; maybe you have many questions; maybe you don’t know where to start. This is where you start. You tell us a little about you and we tell you a little about us in a half-hour video chat or phone call.
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Proposal & Your Wealth Map
How can we help you, exactly? We sync your account data with our financial planning software and review each account to discuss where we may want to focus our time together, and we get crisp on your personal financial goals. After this meeting, we send you a custom proposal.
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Discussion & Decision
At this point, maybe you’re ready to go — or maybe you have some small questions, or maybe some big questions. Let’s exchange some emails or schedule phone call or Zoom, so that you feel confident in your decision either way.
Complimentary
We don’t charge for proposals, You’ll never be billed anything by surprise or without knowing.
Calm
We’ll never push you to make a decision when you’re not confident.
Financial Planning
Structured Planning
Over time, we’ve refined a set of meetings that combine great software, detailed checklists, interactive discussion and personalized education.
While we concentrate our work together in the first two months of our engagement, we commonly space out subsequent discussions over our full first twelve months together to give your plan time to breathe.
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Money in, and money out: we look at your paycheck tax withholding and review three months’ of representative spending. Together, we identify savings opportunities and determine your current monthly spending and savings averages
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We review your current investments, including individual stocks and existing investments in 401(k), HSA and other accounts. If relevant, we also detail how we’d manage your select assets.
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We walk through a dynamic illustration of the factors affecting your eventual retirement, so you understand how your current savings, your future spending and other factors influence the date at which you become work-optional
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We review your current insurance coverage across life, property, disability and more, and discuss your needs and potential changes
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We educate you as to the documents and structures you may care to implement to protect your loved ones. Your financial planning fee includes complimentary will, trust, and other end-of-life documents via our vendor, Vanilla.
Ad Hoc Planning
Sometimes (often?), real life doesn’t neatly fall into a checklist of best practices. We’re not afraid to get our hands dirty and support what you need to make decisions and get things done.
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When life gives you questions, we’re here. Whether by text message, a phone call or an hour-long Zoom, we’re in your corner with the numbers
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Sometimes, there’s a one-off, and we need a spreadsheet. We stand at the ready with =SUMIFS, helper columns and pivot tables.
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We’re always available to schedule short Zoom meetings to share screens and “do the clicks” together. Your to-do list gets shorter, more quickly and – we hope – more pleasantly.
Investment Management
We do not require that clients provide us with assets to manage. However, we believe that we provide our best service to clients who work with us for their portfolios.
Here’s some examples of how we could help with your investments, as appropriate for you:
Opening the correct types of accounts for your goals
Selecting the appropriate portfolio for your investments, including asset allocation
Managing transitions from your old accounts into new accounts, especially where porting over your securities without selling them (this is called an “ACAT”) helps you choose when you’ll pay taxes on specific positions. As advisors, we had precise tools for these actions and can build custom allocations to minimize your tax bill
Ensuring that Betterment’s automated tax capabilities, including tax loss harvesting and tax-coordinated portfolios, are applied correctly and as relevant
Automating transfers and withdrawals
Consolidating your accounts to reduce your risk losing logins or forgetting about accounts
Monitoring your investment performance relative to your goals and making adjustments over time
Directly coaching you on investment behaviors associated with stronger long-term results, such as remaining invested during market volatility
Read about how we’ve updated portfolios that clients have brought over from other financial advisor firms
Tax Advice & Tax Filing
As an optional service and for a separate fee, we provide tax filing, quarterly estimates, and other tax advice via our partnership with Uprise, a licensed tax firm.
When you work with RightWise to support your taxes, you receive:
“Project management” for your tax return: direct collaboration with your CPA so they can email us before emailing you, monitoring deadlines, overseeing delivery, providing documents directly
Accurate, compliant estimates for large stock sales and other quarterly payments
An extra pair of eyes on your return to support accuracy
An Ongoing Relationship
After a few meetings, we know you well. So when that new job does come through, or you close on the home we initially discussed when a down payment seemed a ways away, or you find out you’re expecting a new member of the family, we hope we earn the right to be one of your first emails to share the news so that we can update your plan and help you take your next steps confidently.
Pricing
| Assets Managed by RightWise | Annual Fee |
|---|---|
| All assets below $1,000,000 | 1.00% |
| From $1,000,000 to $2,500,000 | 0.75% |
| From $2,500,000 to $5,000,000 | 0.50% |
| All assets above $5,000,000 | 0.35% |
A minimum quarterly fee applies for our financial planning services. For clients with straightforward financial circumstances (e.g., only W2 income), that fee is $1,175 per quarter for a one-client household and $1,425 for a two-client household. For clients with more complicated needs (e.g., employer equity or stock compensation, small business owners, private investments), that fee is $1,675 for a one-client household and $1,925 for a two-client household. These quarterly minimums can be met either by investment fees (billed month), by cash payment, or a mixture of both.
Clients are not required to provide RightWise with assets to manage in order to receive our financial planning services; however, doing so will only reduce any cash bill for financial planning otherwise owed.
An onboarding fee of $1,000 for a one-client household or $1,500 for a two-client household is due one time prior to service commencement.
Tax filing is billed as a separate fee.
Please reference our Form ADV Part Two regulatory disclosures for full detail regarding our pricing.
We’re happy to answer any questions you may have
Learn more with a calm, complimentary discovery call with one of our advisors