We believe our financial planning services provide value to our clients. We also believe anything worth doing is worth doing well. Our Financial Planning Services Agreements define the scope of work our Team will provide, the service we will deliver, and the total cost to you. There is no cost for an estimate of the financial planning service cost for qualified clients. Our Advisors will prepare a written summary of the scope of work requested, the services provided, and the proposed cost. If these are acceptable to you, we will begin the agreed upon work.
Our Core Financial Plans include a comprehensive process of understanding your personal and financial circumstances, identifying and selecting your goals, analyzing your current course of action and potential alternative courses of action, developing the Financial Planning recommendation(s), presenting the Financial Planning recommendation(s) to you, and if we mutually agree, implementing the Financial Planning recommendation(s). The cost of the Planning Service will vary based on the scope of work involved, the services provided, and the anticipated number of hours involved. Our advisors have a standard schedule of fees for services based on the total scope of work.
Our Financial Planning Modules include understanding your current situation, identifying the goals of the module, analyzing any current processes, developing the recommendations, and presenting the recommendations to you. As these modules are focused on the specific topic, the advice under these Agreements are limited to the scope of work agreed upon.
Our Financial Planning Services do not include asset management services. If desired, these services are provided under a different agreement between you and us.
How do I pay for financial planning services?
Payment for standard Financial Planning Services may be in the form of a check, payable to "Lincoln Investment" or via ACH bank draft. Once the scope of work and price is agreed upon, customarily 50% of the total fee is necessary to begin work, with the remaining 50% due when the Planning Service is delivered. In very complex Planning arrangements, the percentage to begin work may be higher. Where ongoing Financial Planning Services are requested, we may implement a monthly automatic bank draft or credit card payment, or annual payment via check or one time ACH draft. We require annual written recommitment to such ongoing fee arrangements.
I have money invested with your firm, why are these planning services extra?
Our fee-based Asset Management programs include the costs of building, maintaining, monitoring your investment portfolio, including trading costs, reporting, updates and providing services for investment management. We price asset management program fees based on the costs involved in managing assets, and do not include costs for additional financial planning, which may or may not be utilized by clients using our asset management services. We believe our clients should only pay for the services we provide. When offering asset management programs, our Advisors may provide a basic retirement income hypothetical at no additional cost. More complex retirement income planning models are available with our Financial Planning Services.
How Long Does The Financial Planning Agreement Last?
For Financial Plans, the Agreement commonly will terminate upon delivery or completion of the Services agreed upon. The Financial Planning Agreement may be terminated at any time by any party upon receipt of written notice to the other parties. If you terminate your Service Agreement, you will be entitled to a refund of unearned Fees paid in advance, taking into account the time, effort, and extent of Services already performed by by us prior to receipt of the notice of termination of this Agreement. Electronic copies of Financial Planning documents are available in our client portal for 24 months after the delivery of the Program.
For ongoing Financial Planning Consultative Services, the Agreement is renewed each month for an initial 12 month period. At the end of the 12 month period, the Services may be renewed by written Agreement for a new term. During the ongoing consultative service, your Personal Financial Website access is ongoing. If you terminate your ongoing consultative agreement, your Personal Financial Website is available for 12 months after you discontinue our services.
Life if a Journey. Our Look Forward! Planning Services will help you stay on track
