Our Services and Fees
Avea Financial Planning offers retirement, tax & estate planning, investment management and ongoing financial advice for people nearing and in retirement, especially employees of Pacific Northwest National Laboratory, the Hanford Site and Educators.
Our clients find tremendous value in bringing their financial life under one roof so they can focus on those things that matter most to them.
Discovery, Goals and Values
- Identify and prioritize goals, what's important to you
- Create a timeline for important milestones
- Key document organization, storage and management
- Discussions around health, wellness and relationships
Tax Planning
- No surprises on April 15 by estimating current year tax liability
- Prepare individual federal tax return
- Prepare Tax Letter for your tax preparer
- Tax Report on the past tax year
- Scenario analysis of impactful tax events such as Roth conversions, widow's penalty, Required Minimum Distributions, Qualified Charitable Distributions, tax-efficient withdrawal sequencing, moving to a different state, etc.
- Small (sometimes big) wins, year after year to save on total lifetime taxes
Investment Management
- Low-cost, globally diversified, uncomplicated portfolios
- Tax-sensitive portfolio to manage taxes
- Attention to asset location
- Tax loss and gain harvesting
- Rebalancing strategies
- Low-cost share classes
- Account transition support
- Performance reporting
Retirement Income Planning
- Retirement planning and projections
- Pension and Social Security optimization
- Tax-efficient retirement distribution planning
- Debt and cash flow management
- Monitoring Net Worth
Estate Planning and Insurance
- Estate planning document and beneficiary review
- Insurance & benefits review
- Long term care insurance analysis
- Medicare supplement support and review
- Digital estate planning
- Charitable giving
- Legacy planning
- Assisting family members with personal finances
Ongoing Plan Monitoring
- Continual monitoring and updating of your comprehensive financial plan through 3 regularly scheduled meetings
- Review progress toward your financial goals
Service Calendar
Who is a typical Avea Financial Planning client?
Fees
- Onboarding Fee: $500 one-time fee to get set up and your plan built.
- Standard Wealth Tier: $10,960 annually for portfolios up to $3 million.
- Extended Wealth Tier: For portfolios above $3 million, we add a flat $2,000 per additional million.
With 20 years of experience in professional wealth management, I have developed expertise in helping a specific type of client.
- You or your partner is retired or within a couple of years of retiring.
- You, your partner (or both!) work at and plan to retire from PNNL, Hanford or education. We may also work with retirees outside of these areas.
- You need help navigating the tax complexities of large, $1 million+ portfolios in 401(k)s and IRAs, to ensure a tax-efficient retirement.
- You meet the account minimum of $750,000 to invest with us.
- You see value in an ongoing relationship with a trusted fiduciary advisor.
- You want a high-touch, personalized wealth management experience.
- You are a financial delegator, so you can spend time doing more meaningful things in your life
- You appreciate having one advisor coordinate all financial things related to you.
- You want to be a “big fish” within our select client community, limited to under 25 households.
- You are eager to refer us to anyone you know who fits our profile.
- You look at life like a glass that is half full and would describe yourself as an optimist.
Read more about our firm, services and philosophy here.
The flat fee includes investment management on $750,000 to $3,000,000, annual retirement income and tax planning, and filing your individual federal tax return. The fee may be higher for complicating factors, like a family business, complex real estate holdings, etc. The fee is billed quarterly from assets and will be reevaluated every couple of years.
Many firms charge between 1% - 3% of assets managed. As your assets grow, so does your fee. Forever.
| Portfolio Size | Traditional AUM (1%) | Avea Flat Fee | Difference (Savings) |
| $750,000 | $7,500 / year | $10,960 / year | -$3,460 (AUM is less) |
| $1,100,000 | $11,000 / year | $10,960 / year | Breakeven Point |
| $3,000,000 | $30,000 / year | $10,960 / year | $19,040 savings |
| $5,200,000 | $52,000 / year | $16,960 / year* | $35,040 savings |
Here are examples to illustrate the fee structure:
Oscar has a total portfolio of about $745,000. His flat annual fee is $10,960 with $2,740 billed every quarter, directly debited from his investment account (equivalent to about a 1.47% fee on assets managed).
Rowan and Kyle have a portfolio of about $2,345,000. Their flat annual fee is $10,960 with $2,740 billed every quarter, directly debited from their investment account (equivalent to about a 0.47% fee on assets managed).
Julianna has $5,800,000 in investable accounts. Her flat annual fee is $16,960 with $4,240 billed every quarter, directly debited from her investment account (equivalent to about a 0.29% fee on assets managed).
Still on the fence? Click here to learn more.