Personal finance should be personal.

That’s why we offer a range of services to meet your unique needs.

Asset Management

Comprehensive Financial Planning

Hourly Fiduciary Consultation & Coaching

Comprehensive Financial Planning

We offer the option for ongoing financial planning services and a one-time intensive engagement.

All clients in the ongoing financial planning program can expect a minimum of four touch points per year. Every six months (Spring & Fall) we hold your Progress Meetings where we do a deep dive into your plan to adjust goals, integrate life changes, and refine our retirement strategy. The other two check-ins are Action Item Accountability calls where we review progress and manage obstacles.

There are three different tiers to choose from based on your needs that are each set at a flat quarterly fee.

Clients in the one-time intensive program will go through a complete onboarding, receive a full financial plan delivery, and two follow-up calls to work on Action Items and ensure you are clear on your implementation strategy ahead. This program has everything in Tier 1 with the addition of an insurance summary and a review of employee benefits. Your fee will be set based on the complexity of your needs. Half will be due up front, and half will be due upon plan delivery.

Asset management is available to all planning clients as a separate and additional service.

Clients in the ongoing financial planning program who choose to have Beckmann Financial manage their assets will receive a discount on the management fee.

Tier 1: Foundation

  • ○ Uncovering and ongoing support around clients’ history and emotional relationship to money, identifying financial behavioral patterns, and discussing opportunities and practices for healthier money mindset

  • ○ Determining, prioritizing, and discussing clients’ top 5 values and exploring how money can support their ability to live in greater alignment with their values

    ○ Identify major life planning goals such as college funding, travel, investment properties, and the age at which they desire financial independence. Determine the feasibility of meeting those goals within the desired time frames and explore alternatives, as necessary.

    ○ Client receives updated document every six months outlining their values and goals

  • ○ Estimate and advise on personal cash inflows/outflows to determine current surplus or deficit

    ■ Client receives proprietary expense tracker

    ○ Support and advice on spending habits that align clients’ money with their values and goals and/or how to reduce expenses if they exceed clients’ income

  • ○ Based on cash flow analysis and goals, advice will be provided based on how any surplus should be used toward financial goals

    ○ Support and advise clients’ organization and optimization of their savings accounts, including but not limited to advice regarding the appropriate level of cash reserves for emergencies and other financial goals

    ○ Organize clients’ goals and accounts into at least one chart (that client receives) that clearly breaks down their yearly savings contributions in order to reach their goals with maximum feasibility

  • ○ Organization of all total liabilities, including type of debt, interest rate, and total balance in comparison to total assets

    ○ Based on cash flow analysis, advice will be provided on how to reduce expenses if they exceed income

    ○ Additional advice provided on which debts to repay and in what order, based upon cash flow and net worth analysis and additional factors as interest rates and any income tax ramifications.

  • ○ A risk profile questionnaire will be conducted and reviewed on an annual basis to ensure the clients’ risk tolerance is always current. As needed, advice will be provided on how to adjust any investment accounts to stay in alignment with clients’ risk tolerance

  • ○ Every 6 months the client will receive a report of all securities accounts including, but not limited to, performance, holdings, contributions, company matches (if applicable) and any recommendations to make changes, as needed.

  • ○ Every 6 months we will review two different scenarios to determine the feasibility of retirement and goal funding across various possible financial outcomes.

    ○ Monte Carlo simulations will be used to analyze the entire financial plan by randomizing the return rate within the normal distribution range each year.

    ○ Client will receive a report every 6 months synthesizing the differences between the scenarios.

    ○ Every 6 months the clients will also receive an Asset Summary report organizing all of their assets (securities and non-securities) and all liabilities as well as an Asset History report that displays the progress of their cash, investment, and liabilities balances over the course of our working relationship together.

Tier 2: Growth

Everything in Tier 1 plus…

  • ○ Every 6 months we will review three different scenarios to determine the feasibility of retirement and goal funding across various possible financial outcomes.

    ○ Monte Carlo simulations will be used to analyze the entire financial plan by randomizing the return rate within the normal distribution range each year.

    ○ Client will receive a report every 6 months synthesizing the differences between the scenarios.

    ○ Every 6 months the clients will also receive an Asset Summary report organizing all of their assets (securities and non-securities) and all liabilities as well as an Asset History report that displays the progress of their cash, investment, and liabilities balances over the course of our working relationship together.

  • ○ A complete review of all insurances, premiums, and coverage amounts will be conducted annually. This includes but is not limited to: health, dental, vision, home/renter’s, auto, life, disability, and umbrella).

    ○ Client will receive an annual insurance summary report in addition to recommendations on changes to policies and/or adding additional coverage as needed.

  • ○ Annual check-in on employee benefits that are available and advice on what to elect or opt-out of depending on the current whole financial situation and needs. This includes review and advice on Restricted Stock Options and Employee Stock Purchase Plans, as needed.

  • ○ Reviewing financial planning needs as a business owner, which may include an analysis of business cash flow, business valuation, business tax planning, and business benefits planning

  • ○ Review and advise on tax effective and potential minimization strategies. For example, recommendations may be offered as to which type of account(s) or specific investments should be owned based in part on their “tax efficiency”, with consideration that there is always a possibility of future changes to federal, state, or local tax laws and rates that may impact your situation.

  • ○ Clients receive an annual review and report of designated beneficiaries and Powers of Attorney

Tier 3: Apex

Everything in Tier 2 plus…

  • ○ Ensuring clients’ have all of their financial documents organized in an orderly fashion and to make sure their final wishes and instructions are provided to key people whether they are family or trusted advisors or friends

    ○ Reviewing wills and trusts and offering recommendations (as needed) on ways to preserve the estate for heirs and reduce taxes and probate costs

    ○ Clients receive an annual review and report of designated beneficiaries and Powers of Attorney

  • ○ Review and organization of all real estate properties, including appraised and market values, mortgage rates and balances, and recommendations on optimization of future real estate goals (ie 1031 exchanges)

  • ○ Client receives guidance on future cash inflows and outflows.

    ○ Client receives a report every 6 months estimating future cash inflows and outflows broken down by account and year so as to clarify the optimum distribution

  • ○ Advice on business valuation and possible scenarios to exit business to support the overall feasibility of the financial plan. This may include, but is not limited to:

    ■ Sell an investment or a company

    ■ Sell an unsuccessful company to limit losses

    ■ Reduce ownership in a company or give up control

  • ○ Review and advice to enable philanthropic individuals to make larger gifts to charitable organizations than they could make from ordinary income.

  • ○ Review clients’ needs and wishes for long-term care, advise on options, and help implement policies and strategies, as needed.

Asset Management

No Minimums!

When you choose to have Beckmann Financial manage your investments, we will charge a percentage of the total assets under management.

All clients enrolled in the ongoing planning process will receive a discount on their asset management fees.

Our investment philosophy favors low-cost and diversified ETF’s (exchange-traded funds) and mutual funds. We believe in long-hold investment strategies that are tax-efficient, optimized, and balanced.

We custody our investments with Altruist.

Hourly Fiduciary Consultation & Coaching

Sometimes you just need to talk to someone for a few hours! That’s why we offer project-based hourly work.

Whether you need help creating a budget, making sure your 401(k) is allocated properly, or working on your money mindset we are here to help. During your free consultation, we will work with you to understand your needs and create a proposal based on the amount of time we feel the project will take, including meetings as well as independent research and review.