On-going Financial Planning Subscription

Financial planning has historically been a transactional experience rather than a consultative one. Historically, many financial professionals began their careers focusing on investment or insurance sales, with compensation often based on commissions from transactions. This approach to financial planning may have led some clients to view the planning process primarily as a way to facilitate product sales. 

As the industry developed, more people asked for advice focused support, so many planners began offering fee-based financial plans focusing on advice separate from product recommendations. While this represented a shift in the industry, these plans often involved substantial upfront costs and provided analysis based on circumstances at a specific point in time.

Monthly fee-based subscription planning gives you access to ongoing financial advice and guidance from a financial professional. The planning engagement is specific to your goals and current financial situation. Your planning subscription fee compensates for the advice you receive, and the advice is product agnostic. In fact, the advice can be implemented through Robert Penn with Harvest Wealth Advisors, on your own, or even with another financial advisor.

Subscription planning breaks down your planning fee into manageable monthly payments while also ensuring that planning is ongoing and not a one-time event. You will work with Robert Penn to continue to monitor progress and optimize your plan to help ensure you remain on track for your goals.

Services included

• 2 in-person or virtual meetings with your planner to update strategies and recomendations as situations change
• End of year tax strategy report
• employee benefit consultation (if applicable) to assist in your annual benefit enrollment
• Monthly newsletter focused on planning topics
• Coordination with your other professional advisors (CPA, Lawyers for estate planning)
• Access to Living Balance sheet (Foundational Planning) or E-Money (Comprehensive Distribution Planning) portals