Hourly Financial Planning, Mayflower Capital, Independent Financial Advice. Donald Martin, Certified Financial Planner TM. Don Martin, CFP®. Fiduciary Fee Only Financial Planner, Hourly Planning

Hourly financial planning, a type of fee-only financial planning, is a way to obtain financial planning services or investment advice without paying significant retainer or "asset under management" fees.
An hourly financial planner might charge $200 to $350 an hour times a range of 15 to 25 billable hours to produce a financial plan. By contrast, a planner charging "asset under management" fees might charge 0.8% to 1.5% times a $2,000,000 portfolio, which is $16,000 to $30,000 a year. Regardless of whether you get hourly financial planning from Mayflower Capital or "asset under management" service by other fee-only planners either way you will have avoided commission based financial planning which has potential conflicts of interest because it is based on salespeople seeking to meet sales goals to push "products" onto their clients. Hourly financial planning or hourly investment advising is rarely available in the financial planning industry. Most fee-only planners work by charging significant retainer or "asset under management" fees. It is possible that there maybe only a few hundred hourly financial planners or hourly investment advisors in the U.S., although we do not have a way to verify that.

Donald Martin is a Napfa-Registered Fee-Only financial planner and investment advisor.