Modern Dollar Planning provides financial planning and investment management services to individuals, high net worth individuals, trusts, and estates. Financial planning includes retirement planning, cash flow and debt management, income tax planning, insurance needs analysis, estate planning, employee benefits, college savings, financial goal setting, and investment analysis. Investment management is provided on a discretionary basis, tailoring portfolios to client goals, risk tolerance, and financial situations. Modern Dollar's investment philosophy is based on Modern Portfolio Theory and uses low-cost exchange-traded funds.
Fee Structure
Modern Dollar Planning's ongoing wealth management and investment management services are compensated through a quarterly fixed fee, ranging from $1,000 to $10,000. This fee is determined by the complexity of the client's financial situation, stage of life, income, net worth, assets managed versus advised on, and investment portfolio complexity. The fee is designed to cover a wide range of current and projected financial needs and is intended to be competitive with an assets under management approach. The quarterly fixed fee is periodically reviewed and may be subject to cost of living increases, with written notification and acknowledgement required for any fee increases.