- Location: 500 Capitol Mall, Suite 2060 Sacramento, CA 95814
- Email: info@towerpointwealth.com
Manage and streamline operations across multiple locations, sales channels, and employees to has improve efficiency and your bottom line.
- 57 Park Ave, New York
- +123-7767-8989
- info@gmail.com
- https://example.com
Towerpoint Wealth’s Ideal Client / Professional Fees
Clients of Towerpoint Wealth come from various backgrounds, but all share a common goal–to grow and preserve their wealth, and to either achieve, or maintain, their financial independence. We believe most of our clients value what money can do for them, but do not have the time, depth of knowledge, or interest to properly coordinate all of their financial affairs, research their own investments, or design a successful longer-term financial plan. Instead, they seek a team of professionals that can help them make objective and smart decisions about their financial future. Our clients include pre-retirees, retirees, business owners, corporate executives, industry professionals, and individuals who have recently experienced a significant life event, such as the death of a spouse, a divorce, or a job or career change.
Ten Attributes of a Towerpoint Wealth Ideal Client
Are willing to be open with us about their personal and
financial lives.
- Have reasonable expectations about things out of anyone’s control, such as the financial markets, the economy, and politics.
- Have at least one of the following criteria:
→ A personal net worth of $2,500,000
→ Personal household income of $250,000
→ Personal investable assets of $750,000
→ An entrepreneur with gross business revenue of $5,000,000
→ A business with a company retirement plan of $2,000,000. - Are able to handle the truth, no matter what, and demonstrate a willingness to synthesize, accept, and act on our recommendations and counsel.
- Seek a comprehensive relationship that accounts for all aspects of their financial and economic lives.
- Respect the value of our relationship and our fee structure.
- Understand the difference between not micro-managing, yet not completely falling asleep at the wheel.
- Are responsive to phone calls, letters, and emails.
- Welcomes and appreciates our high-touch team approach to client service.
- Are coachable, open to having meaningful dialogue, and are willing to ask questions and to challenge our advice and recommendations.
Towerpoint Wealth offers professional wealth management planning, counsel, and service for an annual asset-based fee, based on the amount of assets under the Firm’s management. This management fee is generally determined in accordance with the following blended fee schedule:
The annual fee is prorated and charged quarterly, in advance, based upon the market value of the assets being managed by Towerpoint Wealth on the last day of the previous billing period. If assets in excess of $50,000 are deposited into or withdrawn from an account after the inception of a billing period, the fee payable with respect to such assets is adjusted to reflect the interim change in portfolio value. For the initial period of an engagement, the fee is calculated on a pro rata basis. In the event the advisory agreement is terminated, the fee for the final billing period is prorated through the effective date of the termination and the outstanding or unearned portion of the fee is charged or refunded to the client, as appropriate. Additionally, for asset management services the Firm provides with respect to certain client holdings (e.g., held-away assets, accommodation accounts, alternative investments, etc.), Towerpoint Wealth may negotiate a fee rate that differs from the range set forth above.
Curious what the average financial advisor fees across the U.S. are? Click here to read a detailed 2017 report from Advisory HQ: https://www.advisoryhq.com/articles/financial-advisor-fees-wealth-managers-planners-and-fee-only-advisors/
| PORTFOLIO VALUE | BASE FEE |
|---|---|
| First $1,000,000 | 1.30% |
| Next $1,000,000 | 1.00% |
| Next $3,000,000 | 0.85% |
| Next $2,500,000 | 0.75% |
| Next $2,500,000 | 0.65% |
| Next $5,000,000 | 0.60% |
| Above $15,000,000 | Negotiable |
We utilize RightCapital® financial planning software to help our clients better, more scientifically, and more systematically plan for their financial planning and future retirement. Leveraging RightCapital®’s proprietary monte carlo simulatior allows us to truly customize your retirement plan, and more deeply explore and quantify whether your expectations and goals for your future are reasonable.
The fees for this separate service and deliverable range from $2,500-$5,000, depending on the level of complexity and sophistication of the client and the plan. This is a one-time fee and includes multiple plan revisions, the development of customized “what if” future retirement scenarios, a dedicated and comprehensive in-person review meeting, and any future updates and revisions to your customized plan. The fee is billed 50% in advance, and 50% upon completion.
For more information on our RightCapital financial planning process, or to download a sample RightCapital® financial plan, please visit our Financial Planning Process page.
List of Needed Documents
A more technically-driven review meeting typically follows our initial discovery meeting. In order to make our second meeting together as productive as possible, and in the interests of avoiding a “garbage-in, garbage-out” process, please click the image to the right to download and complete our List of Needed Documents.
A copy of your driver’s license, passport or other government-issued photo ID (The U.S. Patriot Act requires us to verify the identity of all clients as part of the government’s efforts to combat terrorism and money laundering.)
→ Checking & savings accounts
→ CDs
→ Money market funds
→ Mutual funds
→ Tax-deferred annuities (variable, indexed, and/or fixed)
→ IRAs and other retirement/pension accounts
→ Trust or managed accounts
→ Limited partnerships (LPs), UITs or REITs
→ Brokerage accounts
→ List of any EE savings bonds or other bonds you have in a safety deposit box or other personal possessions
→ Address
→ Current value
→ Type of mortgage, interest rate, remaining balance
→ If investment real estate, current monthly lease income and property management costs, if any
→ Insurance
→ Pension or retirement plans
→ Any other employee benefits, such as stock options or deferred compensation plans
→ Life Insurance
→ Disability
→ Long-Term Care
A copy of your latest federal and state income tax return
A copy of your most recent Social Security Statement, if available
A list of any other financially-valuable assets not mentioned above
→ Credit Cards
→ Auto Loans
→ Personal Loans
→ School Loans
→ Other
Be prepared to tell us about your wills and trusts (such as the extent of estate planning you’ve done, dates created, primary goals)
→ What is your approximate average monthly spending?
→ What is your total monthly income? (List sources and amounts)
→ How much money do you contribute/add to savings or retirement? (List account, amounts and frequency)
→ Do you anticipate having any major upcoming expenses in the foreseeable future? (List items, costs and dates to be incurred)
→ Do you anticipate any major upcoming inflows of cash/income? (List amounts, sources and dates expected)
→ “Before I die, I want ________” or “After I retire, I want ________” There are things you’ve always wanted to do, places you’ve always wanted to visit, people you’ve always wanted to meet, subjects you’ve always wanted to study, hobbies you’ve always wanted to enjoy, and ideas you’ve always wanted to explore. Be prepared to tell us about these, however trivial, silly, unimportant or embarrassing they may seem. Couples should prepare their lists individually at first, then make a separate list together.
Search results for “wealth advisor near me” include the Towerpoint Wealth team because we’re in the middle of it all. Towerpoint Wealth is a fee-only certified financial planner near Roseville, Rocklin, Granite Bay, Folsom, Gold River, El Dorado Hills, East Sacramento, Curtis Park, Land Park, Elk Grove, and Rancho Murietta.
Are you searching “certified financial planner near me?” You’ve found Sacramento independent financial planner Joseph Eschleman, as well as certified financial planner Steve Pitchford, CPA, CFP®, our entire independent wealth management team. Please reach out to us to learn more about how our Sacramento financial planning team can assist you.
1. Driver's license, passport or other government-issued photo ID
A copy of your driver’s license, passport or other government-issued photo ID (The U.S. Patriot Act requires us to verify the identity of all clients as part of the government’s efforts to combat terrorism and money laundering.)
2. Recent statements for all financial accounts, including:
→ Checking & savings accounts
→ CDs
→ Money market funds
→ Mutual funds
→ Tax-deferred annuities (variable, indexed, and/or fixed)
→ IRAs and other retirement/pension accounts
→ Trust or managed accounts
→ Limited partnerships (LPs), UITs or REITs
→ Brokerage accounts
→ List of any EE savings bonds or other bonds you have in a safety deposit box or other personal possessions
3. Information on real estate, including:
→ Address
→ Current value
→ Type of mortgage, interest rate, remaining balance
→ If investment real estate, current monthly lease income and property management costs, if any
4. Employer booklets describing employer-provided:
→ Insurance
→ Pension or retirement plans
→ Any other employee benefits, such as stock options or deferred compensation plans
5. Insurance policies, including:
→ Life Insurance
→ Disability
→ Long-Term Care
6. Latest federal and state income tax return
A copy of your latest federal and state income tax return
7. Recent Social Security Statement
A copy of your most recent Social Security Statement, if available
8. Financially-valuable assets
A list of any other financially-valuable assets not mentioned above
9. A list of debts, including interest rate and amount owed, for such debts as:
→ Credit Cards
→ Auto Loans
→ Personal Loans
→ School Loans
→ Other
10. Wills and trusts
Be prepared to tell us about your wills and trusts (such as the extent of estate planning you’ve done, dates created, primary goals)
11. Please bring the answers to these questions:
→ What is your approximate average monthly spending?
→ What is your total monthly income? (List sources and amounts)
→ How much money do you contribute/add to savings or retirement? (List account, amounts and frequency)
→ Do you anticipate having any major upcoming expenses in the foreseeable future? (List items, costs and dates to be incurred)
→ Do you anticipate any major upcoming inflows of cash/income? (List amounts, sources and dates expected)
→ “Before I die, I want ________” or “After I retire, I want ________” There are things you’ve always wanted to do, places you’ve always wanted to visit, people you’ve always wanted to meet, subjects you’ve always wanted to study, hobbies you’ve always wanted to enjoy, and ideas you’ve always wanted to explore. Be prepared to tell us about these, however trivial, silly, unimportant or embarrassing they may seem. Couples should prepare their lists individually at first, then make a separate list together.
