Typher Financial Services believes
the best way to help our clients achieve their financial needs, goals and dreams is through a comprehensive, ongoing financial
planning approach known as “Wealth Management”. Wealth Management includes Professional
Investment Management, Comprehensive Financial Planning, and Income Tax Preparation.
Professional Investment Management This service provides for the complete, professional management of your investment portfolio.
Your money is managed according to your time frame, needs and risk tolerance. However, all investments
remain in your name and your accounts. Typher Financial Services is compensated
on a Fee-Only Basis for the majority of our financial services. See the “Why Choose Typher Financial Services?” page for more detail on Fee-Only compensation. Our Fee-Only compensation is based on a fixed percentage of the value of your investments.
We do not receive any commissions for investments we make for our clients. We feel that
by having our management fee directly tied to the value of the investments, we are aligning our interests with our clients
because we are financially motivated to grow the investments. Of course, this also encourages
us to keep investment expenses to a minimum for our clients. In our view, the Fee-Only compensation creates a win/win situation for our clients and us. Also,
by not being compensated through commissions, our investment decisions are made on an unbiased, objective basis.
Comprehensive Financial Planning
a comprehensive written financial plan will be developed to create an overall strategy to meet your financial goals and dreams.
This plan will form the financial foundation that we will build upon and will inevitably modify over time.
The financial planning areas that will be addressed in the written plan and monitored on an ongoing basis (including
an in-person annual review) are:
Income Tax Preparation
retirement income solutions
cash flow management and savings
asset and income protection
income tax management
qualified retirement plans for businesses
This is provided for individuals and small businesses.
(Fees are tax-deductible
as a Miscellaneous Expense on your income tax return)
The annual fee for
Wealth Management ranges from 0.20% - 1.30% of the investments under management. The percentage charged
varies depending on the amount under management. Fees are deducted directly from our clients’ investment
accounts on a quarterly basis, meaning clients do not have to write us a check to pay for our services. Of
course, clients receive a statement verifying fees deducted. A minimum of $250,000 for investment management
is required. Additionally, a one-time flat fee of $1,000 is charged for
the development and implementation of your personal, written comprehensive financial plan. Thereafter,
ongoing financial planning (including an in-person annual review) is provided at no additional charge,
i.e. it is paid for as part of the investments under management fee described in the previous paragraph. Lastly, the preparation of our clients' income taxes is included at no additional charge.
That is, it is paid for as part of the investments under management fee.
Other Financial Planning Options: While most of our clients prefer the comprehensive
approach provided through Wealth Management, financial planning counsel is also available on an hourly basis.
The charge for this is $200 per hour.