Mark Cecchini, CFP®

I practice a version of wealth management that barely existed when I started my career

old model:

stale quarterly performance reports

paper account statements in the mail

2 to 3 hour sessions in-person at the advisor's office

semi-annual or annual touchpoints

"sorry, we can't talk about tax"

reviewing what already happened

new model:

multiple live financial dashboards for clients

near constant communication and iteration

texts, phone calls, sessions via Zoom / Google Meet

30 to 60 minute quick-hitting meetings…

Then statement of net worth is the foundation for everything in financial planning

maybe 5% of people I’ve ever met with could give me a readout of theirs up front

are there other things to focus on besides bean counting? For sure.

but not knowing exactly what you own (assets), and what you owe (liabilities) is not good financial hygiene

As my practice has grown, I've had to raise my minimum fees to $13,000/year for comprehensive advisory, which scales up with complexity and is dependent on situation (AUM vs Flat Fee)

That includes (but is not limited to) the following:

Financial Planning

-Goal setting & accountability

-Values-based financial planning

-Insurance planning

-Estate planning

-Cash flow planning

-Charitable giving

-Retirement planning

-Tax planning

-Education saving

-Large purchases

-Sale of business

-Intra-family financial matters

-Company equity strategy

Portfolio Management…