Fee Schedule | Fee Only Fiduciary Financial Planning, Fee Only Fiduciary Financial Planner - Dorn Financial

Fee Schedule

Fee Schedule | Fee Only Fiduciary Financial Planning, Fee Only Fiduciary Financial Planner - Dorn Financial

Services Offered and Estimated Cost

Effective April 1, 2022


We are fee-only and fiduciaries. Dorn Financial receives no referral fees or commissions from any third parties. Being fee-only and fiduciaries allows us to focus exclusively on your best interest and provide objective recommendations to help you achieve your financial goals. It can often-times save you a lot of money too!

We charge an hourly rate or flat fee. Dorn Financial does not have income or account size minimums.

We are able to provide a fee range quote at the conclusion of the initial consultation most of the time. With the fee range quote, as long as we stay within the original scope of our project, you won’t be charged any incremental hourly fees. You are also free to call and ask questions on the issues addressed in the engagement for 30 days at no additional cost.

Occasionally, a fee range quote isn’t possible when the complexity of the project is undetermined. In these situations, we proceed with the project on an hourly basis providing frequent updates on status and time spent.

The hourly rate is $350 per hour. This rate is used both when determining a flat fee quote and when working on an hourly basis. A deposit and signed agreement is needed to start the engagement, and the remainder is due in the plan presentation meeting. We accept payment via check and Paypal link.

Examples of some initial engagements follow to give you an idea of the time required to complete typical financial planning projects. These projects can be completed individually or combined based on your needs. Combining all relevant issues into one engagement will always save you money because you benefit from the overlap in data gathering and analysis between projects. The time needed for your particular engagement may be more or less than the range given depending on complexity, so we encourage you to take advantage of the free 30-minute initial consultation to discuss how we might work together and obtain a quote.

Annual reviews are how most of our clients keep their plan up to date after the initial engagement. These reviews are important to review your portfolios, get rebalancing recommendations, update your plan based on any life changes, and revise projections based on actual savings and investment performance. The fee for the quarterly or annual review is typically less than the initial engagement and can be discussed in advance when setting the appointment.

Retirement Planning

An in-depth plan that covers all of the major areas for retirement planning:  investments, retirement spending projection,  social security strategies, mortgage and debt management, insurance needs analysis, estate planning, and tax planning.

Typical Fee: $4,200 – $4,800 for a couple, $3,500 – $3,800 for an individual

Withdrawal Strategy – after Retirement

Includes a retirement projection and an investment review to develop tax-efficient withdrawal strategies, including Roth conversions and social security strategies.

Typical Fee:  $4,000 – $4,500

Plan Updates and Other Projects

These are billed on an hourly basis at the current hourly rate of $350/hour.

General Information

This document is for general reference and discussion purposes only. A signed and dated Advisory Agreement is the only official source of fee quotes and the only binding offer for service recognized by Dorn Financial. Actual fee estimates may differ due to specific client information. This document is not intended as a formal fee quote, is not a contractual agreement, and does not imply a commitment of any kind.