Financial Planning and Life Decisions
Financial and life decisions can be challenging to navigate. It helps to have an objective partner along the way. Does this sound like you? You are making a good income, but can’t decide if it’s better to save for a down payment or pay off your student loans. You want to travel, but also save for retirement. We act as a sounding board, coach, and thinking partner to help you with your money and life decisions.
Investment Management
We partner with you to create an investment plan that aligns with your life. We provide full-service investment management from immediate to future goals and everything in between. We touch base periodically throughout the year to make sure performance and rebalancing happen as they should.
Tax Preparation
Lakeside Planning provides tax preparation services for our clients. Investment management and financial planning are informed by taxes in so many ways. By providing tax services, we get a better understanding of your complete financial picture and allow you to keep your financial services consolidated to one firm.
We will utilize the services of a third-party accounting, bookkeeping, and tax preparation firm to facilitate the preparation and filing of your tax return and we will work with you and the third party in order to gather the necessary information as part of this service.
Our Process
30-minute Intro Call to discuss your current financial situation and what working together would look like.
90-minute Discovery Meeting where we set aside the numbers and talk in-depth about your personal goals, most pressing concerns, and priorities.
(Optional) 60-minute Get Organized Meeting where we get your financial life organized by syncing accounts, collecting statements, and tracking down important documents.
60-minute Recommendations Meeting, which includes:
- A simple summary of your net worth, goals, action items, and more.
- Recommendations regarding: goal prioritization, saving rate, investment allocation, student loan repayments, retirement planning, insurance coverage, estate planning, tax planning, and more.
- Referrals to other professionals such as estate planning attorneys, CPAs, and insurance agents.
Two 60-minute check-in meetings per year after initial onboarding to check your progress and navigate major life events.
Available for you to reach out via email or text any time as your situation changes.
Our annual fee for Ongoing Comprehensive Financial Planning & Investment Management is 0.50% of total household net worth with a $3,000 annual minimum. This combined service consists of an ongoing fee that is paid quarterly, in arrears. Lakeside Planning offers a 90-day money back guarantee.
Pricing Examples
Example 1: A client with a net worth of $200,000 would pay an annual fee of $3,000 (annual minimum)
Example 2: A client with a net worth of $3,000,000 would pay an annual fee of $15,000 (0.5% of 3,000,000).
{ Net Worth is calculated as follows: Assets (including personal property not specifically held for investment purposes and including private businesses) - Liabilities = Net worth used for calculation. Net worth is determined once per calendar year at our annual meeting. The Betterment fee of 0.15% was not added to the calculations above and would only apply to assets managed at Betterment. }