Comprehensive Financial Plan

“If you fail to plan, you are planning to fail.” 

- Benjamin Franklin

Stop worrying about your financial life! Engage with a financial professional to receive unbiased advice through a comprehensive financial plan.  This holistic plan covers all elements of your financial life through a simple 4-step process.  

Step 1 - Seed
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Every seed has dreams of what it can become but may not know how to get there. The first step in the planning process is to explore your dreams and develop your ‘Why’ factor. This will serve as the motivation for every aspect of your plan. You will complete two exercises (Financial Perspectives & Goal Development surveys) followed by an hour-long meeting to discuss your results and begin working your goals into your plan.

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Step 2 - Root

As a plant begins to develop from the wishful stage of a seed, roots form to provide life and support. We will gather your current financial data to take a look at your financial roots.  A Document Checklist will be provided to help gather all pertinent information.  Right Capital (financial planning software) will be used to securely link accounts or upload documents for evaluation. Another meeting will be held to confirm initial data inputs.

Step 3 - Sun
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Sunlight is an important element in the growth of a plant. As your financial plan continues to grow, you will complete an Investor Profile survey to determine your risk tolerance and will receive tools to create an initial budget will be established.  An hour-long meeting will be scheduled to discuss investments and budgeting.

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Step 4 - Grow

Once the seed has been nurtured into an established plant, it just needs the right environment to grow to its full potential. During this fourth and final step, we will put all the pieces of your financial plan together and provide appropriate recommendations. Another meeting will be held to review your Financial Plan, Summary, and Implementation Guide. 

Fee: $2,000 - $3,000

Fees vary based on complexity and estimated time to completion. Contact Rooted Interest for a direct quote.  See ADV Part 2 for more details.

Frequently Asked Questions

Why should I consider a Comprehensive Financial Plan?

In its Value of Financial Planning* study, the Financial Planning Standards Council found those who had engaged in comprehensive financial planning reported “significantly higher levels of financial and emotional well-being than those who do no planning or limited planning.” They felt the most comfortable about their finances and were confident in achieving their life goals.

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How long does it take to complete a Comprehensive Financial Plan?

It depends! The timeline for completion is typically 1-3 months depending on how organized you are, how quick you are able to complete various tasks, and meeting availability.

How is the fee paid?

The fee is paid through our payment provider, AdvicePay, or by mailing a check to our office.

Is the fee due all at once?

Half of the fee is due upon starting the engagement with the other half due upon completion of the plan.

What if I want to make changes to my plan?

This is your plan so it should reflect what you want. If additional adjustments are needed after Step 4, Rooted Interest will update the plan, modify recommendations, and present an updated plan in a brief meeting. Rooted Interest will help with implementation tasks (where possible) for up to one month after plan delivery. Once the month has lapsed, updates to your plan can be made with an Hourly Financial Planning engagement.

Ready to get started?