Financial Planning
Financial Planning- Our Foundation
Financial Planning is the backbone and foundation of our practice. As an Investment Advisor firm, we find it impossible to truly tailor an investment strategy without financial planning as the basis.
Working with Chaim Investment Advisors begins with financial planning. Whether you’re looking for investment advice, business retirement planning, or accomplishing a defined planning project, we integrate comprehensive financial planning into the process.
Financial Planning- What do we mean?
Financial Planning encompasses everything from creating a roadmap to retirement to determining whether insurance is necessary for a family. When we say financial planning, we mean all of the professional advice we can offer that’s not explicitly advice about specific investments (that’s covered by Investment Advice).
Examples of financial planning:
- Renting vs. Owning Property Analysis
- Retirement Readiness Assessment
- Need for Insurance Analysis
- Education Planning
- Debt Payment Prioritization
- Which Retirement Accounts to Fund
Working With Us
Our process can work one of two ways: Hourly Rate Planning & Complimentary Financial Planning for Managed Asset Clients. How we work together is shaped by which method the client prefers.
In either case, we begin with a detailed Fact Finder. This gives us everything we need to get started on your financial planning project. Turnaround on a plan’s completion depends greatly on the complexity of the project, but we usually complete projects within a 7-10 days.
Our Prices
Our prices are always transparent and straightforward. Meetings, phone-calls, and implementation are always free.
Hourly Rate Financial Planning (Defined Ahead of Time as a Project)
All Comprehensive Planning as Part of a Managed Asset or Retirement Planning Arrangement is Complimentary
SEE A CASE STUDY
Take a look at a sample financial plan based on a detailed case study done by our lead planner, Victor Schramm, CFS®
Hourly Rate versus Managed Assets
Hourly Rate Financial Planning has been a specialty of Chaim Investment Advisors since our founding. The ability to pursue hourly rate relationships is one of the defining factors in our decision to be a fully independent firm.
Comprehensive hourly rate projects are best suited to investors who want a detailed framework for their financial future, but want to implement all of the advice offered by a financial planner by themselves.
This includes younger workers who want a roadmap to creating their financial future with detailed instructions along the way, but prefer to do all of the day-to-day portfolio management on their own. It also is popular with retirees who have a fixed income and more tight financial parameters that need little maintenance.
Of course, we work with our hourly rate clients on an as-needed basis: when new situations arise, we’re always happy to help with the next phase of your planning needs.
Financial Planning with Managed Accounts
For all of our Managed Asset clients- those clients who elect for Chaim Investment Advisors to manage their portfolios on an ongoing basis- all of the comprehensive financial planning we offer on an hourly basis is always free.
This includes our Workplace Retirement clients and Investment Only Variable Annuity owners.
Our Approach at a Glance
All financial planning services can be contracted as needed- there is no pressure to bundle more services than you need, and there is no minimum amount of billable hours required. We conduct a free introductory meeting to determine what services make sense for your situation.
We use a wide range of financial planning tools. For retirees and near-retirees, we focus on building and managing tax-advantaged pools of retirement income and long-term growth. For younger workers and small business owners, we focus on maximizing tax-deferral and risk-tolerance optimized growth.
Apart from managing and planning with Individual Retirement Accounts (IRA’s), SEP-IRA’s, 401(k)’s, and 403(b)’s, we also use Investment Only Variable Annuities (IOVA’s) for clients who can benefit from long term tax deferral on large sums of capital. We utilize 1035 exchange transfers with clients with existing Variable Annuities who can benefit from a flat-fee alternative to the higher fee and commission model of Variable Annuities.
To learn more about our unique approach to Variable Annuities, take a look at our IOVA page and Annuity Rescue page. For information on how we construct and manage portfolios for such vehicles, take a look at Our Philosophy page.
We take particular interest in assisting clients in selecting investment options that meet their needs as socially responsible investors (SRI). You can learn more about our approach to SRI at our page on the topic, or read more in depth on our philosophy on “where values meet value.”
BOOK YOUR INTRODUCTORY MEETING
Schedule your free introductory meeting with Chaim Investment Advisors conveniently online.