At Nxt:Gen Financial Planning, we specialize in working with clients in their 20’s, 30’s, and 40’s. These clients have different needs compared to those who are near or at retirement. As such, they require a different approach to planning.
Nxt:Gen Financial Planning was created to meet the unique planning needs of these young professionals. We charge a flat annual fee that can be broken up into monthly or quarterly payments for convenience. This allows individuals shut out by traditional service models that require $500,000 or more in assets to manage, access to high quality, unbiased financial advice. And those traditional models only look to manage your investments, and not the other more important aspects of your financial life.
As a real world example, a traditional firm would charge on average a 1.25% fee to manage your hypothetical $500,000 portfolio. Your cost? $6,250. Value gained? Investment management services only. Should you also want financial planning services, those same traditional firms would charge you a seperate fee for those services on top of the investment management fee. Please keep this in mind as you browse our service offerings.
Nxt:Gen Personal CFO
HOW IT WORKS
Our Approach is designed to conduct our first 3 meetings over an 8-10 week period. From there, we meet quarterly with a focus on the priorities outlined in our annual client service calendar following the last two steps of Our Approach. We revisit the full financial plan annually, and adjust our priority topics for the upcoming year. We will grow with you as your priorities shift and new needs arise. Nxt:Gen Personal CFO clients are also welcome to schedule meetings on an as needed basis, as well as calling or emailing us with any questions you might have as they arise. We will return all emails and phone calls within 24 hours.
WHAT’S INCLUDED
Access to Dimensional Funds
Asset Allocation
Budgeting & Cash Flow Analysis
Business Planning
Career Planning & Salary Negotiation
Credit Card Selection
Debt Management
Employee Benefits
Estate Planning
Home Purchase Decisions
Inheritance Planning
Insurance Analysis & Recommendations
Investment Management
Lifestyle Planning
Pension Decisions
Professional Referrals
Rebalancing Investments
Retirement Projections & Planning
Risk Tolerance Analysis
Student Loan Repayment
YOUR INVESTMENT
We charge on a sliding scale based on complexity, and all fees are disclosed in writing prior to beginning work. The start-up fee ranges from $1,500 – $4,000. This fee is broken up into two payments, with one half due before starting our engagement and the other due at the delivery of your financial plan. Should you want to engage in an ongoing relationship, our fee would range from $2,400 – $6,000 annually. The annual fee is broken into quarterly or monthly payments based on convenience. Investment management and access to the Nxt:Gen Portal (a sophisticated online tool designed to help us monitor and collaborate with you on the progress of your financial plan) is included as part of the annual fee.
Nxt:Gen XLR8
HOW IT WORKS
The development of the financial plan takes place over a 6 week period using the first three steps of Our Approach. From there we check in once a quarter via email, with a one hour progress video session (or live meeting if you are in Houston) every six months. During your engagement, we are available to you via email with a promised turnaround time of 48 hours.
WHAT’S INCLUDED
Budgeting & Cash Flow Analysis
Career Planning
Employee Benefits
Home Purchase Decisions
Professional Referrals
Risk Tolerance Analysis
Student Loan Repayment
Workplace Retirement Projections & Planning
YOUR INVESTMENT
The upfront planning fee is $500, with half due at the start of your engagement and the other half at the delivery of your financial plan. Our ongoing fee is $125 a month for the first six months. During this time you will have access to our Nxt:Gen Financial Planning Portal, which we use to help you monitor and track your financial plan. After six months, you may end your engagement (which results in the loss of use of the Nxt:Gen Portal), or continue at the $125 a month fee.
Nxt:Gen Investor
HOW IT WORKS
We assess your current investment portfolio in which you would like to have us manage. This includes taxable brokerage accounts, IRA’s, or old 401(k), 403(b), or 457 plans. We will check in with you on a quarterly basis regarding your investments with us. If you are a business owner, we can also set up a workplace retirement program for you such as a SIMPLE IRA, SEP IRA, or consult with you on starting or managing a 401(k) plan.
WHAT’S INCLUDED
Access to Dimensional Funds
Asset Allocation
Investment Management
Low-Fee ETFs
Rebalancing
Risk Tolerance
Tax Loss Harvesting (If Applicable)
FEE SCHEDULE
We charge on a sliding scale for investment management.