Chen Financial Group provides financial planning services to individuals, families, trusts, estates, non-profit organizations, and companies. Chen Financial Group's services include comprehensive financial life planning, plan monitoring, investment policy statements, executor/trustee settlement support, company-sponsored financial counseling, company retirement plan services, and hourly financial planning. Chen Financial Group tailors its services to the individual needs of its clients.
Fee Structure
Plan Monitoring is available only to clients who have engaged in the Comprehensive Financial Life Planning process. The fee is 50% of the initial Financial Life Planning fee on a semi-annual basis, payable in advance. Six months of Plan Monitoring are provided at no additional charge to clients who engage in Financial Life Planning. Any investment-related compensation received by related persons due to implementation of recommendations generally offsets the semi-annual Plan Monitoring fee.
- Comprehensive Financial Life Planning: $4,500 to $15,000, depending on the complexity of the case. Fees are collected in two payments: half in advance for the Financial Assessment, and the remaining half upon delivery of the financial plan.
- Investment Policy Statement: $2,500 to $5,000. Half of the fee is payable in advance as a deposit, and the balance is due upon delivery of the Investment Policy Statement.
- Executor or Trustee Estate and/or Trust Settlement Support: $1,200 per quarter, payable in advance.
- Company Sponsored Financial Counseling: $800 to $2,000 per day, payable in advance.
- Company Retirement Plan Services: $1,500 payable in advance for a plan review. A one-time fee of $1,000 is charged for the set-up of a company retirement plan. An annual fee of $1,500 - $4,000 is charged based on the schedule of services selected by the Client. Fees are invoiced semi-annually.
- Hourly Financial Planning: $300 to $500 per hour, depending on the scope of the project and resources required.