(312) 602-9755
Chicago Office
(630) 681-0700
Wheaton Office
What you won't find in our fees
When we say hourly planners, we mean hourly, period. We receive no commissions, referral fees or any other hidden fees. That means you can be assured our hourly advice is objective. We also do not receive asset management fees. That means you are ultimately in control.
Once we have completed the initial plan, ongoing updates are often a fraction of the initial cost. Have a 5 minute question, you pay for 5 minutes. Need to discuss employment benefits for an hour, your bill will be for an hour. No hidden fees or commissions means that you can be confident that you are only paying for solid financial advice.
Determine the level of service you need.
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Use our service chart to identify the level you think you might fall into. |
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Once you've identified the category you fall into, the information below serves as a guide to the cost of our fee-only, hourly-only financial planning services. The final fee will be based on the hourly rate of your primary advisor ($240 or $320 per hour).
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As part of the free introductory meeting, a firm quote customized to reflect your questions and financial profile is usually provided before any initial services are rendered. Contact us today. |
The pricing ranges below reflect bundling of service areas. This saves time compared to addressing each area separately, providing cost savings to our clients. However, individual service areas can also be provided on a stand alone basis.
Start-the-Clock Hourly Advice
$240/hr
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Primary advisor: Kris Johnson, CFP® or Hoan Taussig, CFP®
Click here to learn more about Kris →
Click here to learn more about Hoan →
What you receive:
This option is an open-ended meeting where clients have the opportunity to bring their documents and ask us various questions. We provide advice based on their situation without doing any detailed analysis or report. They gain our expertise to answer questions like "What employer benefits should I take advantage of?" This option is not appropriate for a question like "Can I retire now?" that requires detailed analysis. Actual meeting time is billed by the minute at our $240/hour rate.
Fundamental Financial Review
$1,200
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You might fit in this category if:
- You are single or have a young family.
- You want to build a solid financial foundation.
- You are concerned about protecting your family from the unexpected.
- You want to establish a savings plan to reach your goals.
Click to see which areas of advice fit in this level →
Primary advisor: Hoan Taussig, CFP®
Click here to learn more about Hoan →
What you receive:
This is a general review of your financial situation with advice tailored to you. In a concise report, our analysis provides you fundamental planning strategies in areas such as retirement planning, asset allocation, or insurance. It provides an overview to see if you are "on track" but will not include a detailed cash flow projection. Your final meeting has 30 minutes included in price; any additional time will be billed at $240/hour.
Level 1
$2,400-$3,360 usually between 10-14 hours
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You might fit in this category if:
- You would benefit from a detailed cash flow and net worth projection.
- You are interested in exploring the timing of retirement or financial independence.
- You want to be more proactive in your tax planning.
- You have savings in 401(k) and/or IRA accounts.
- You might be considering college planning for young children.
- You are seeking objective advice about basic insurance coverage and estate design.
- You want to build a framework for making financial decision.
Click to see which areas of advice fit in this level→
Primary advisor: Hoan Taussig, CFP®
Click here to learn more about Hoan →
What you receive:
This is an in-depth review of your financial situation with advice tailored to you. We complete an analysis based on the service areas that the client requests. We then provide a detailed report that typically includes a cash flow/net worth projection, specific financial planning recommendations and personalized investment advice. Meeting is billed at actual time involved. You graduate into the higher levels based on amount of complexity involved in your situation.
Level 2
$2,880–$4,320 usually between 12–18 hours
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You might fit in this category if:
- You have the characteristics of level 1 to a more complex degree.
- You are established in your career or approaching retirement.
- You seek advice on pre-retirement decisions.
- You may have existing insurance policies or estate documents.
- You may have received an inheritance or other windfall.
- You have accumulated a moderate level of investments.
Click to see which areas of advice fit in this level →
Primary advisor: Hoan Taussig, CFP®
Click here to learn more about Hoan →
What you receive:
This is an in-depth review of your financial situation with advice tailored to you. We complete an analysis based on the service areas that the client requests. We then provide a detailed report that typically includes a cash flow/net worth projection, specific financial planning recommendations and personalized investment advice. Meeting is billed at actual time involved. You graduate into the higher levels based on amount of complexity involved in your situation.
Level 3
$3,600–$6,000 usually between 15-25 hours
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You might fit in this category if:
- You have the characteristics of level 2 to a more complex degree.
- You are established in your career or approaching retirement.
- You seek advice on pre-retirement decisions.
- You may have existing insurance policies or estate documents.
- You may have received an inheritance or other windfall.
- You have accumulated a moderate level of investments.
Click to see which areas of advice fit in this level →
Primary advisor: Kris Johnson, CFP®
Click here to learn more about Kris →
What you receive:
This is an in-depth review of your financial situation with advice tailored to you. We complete an analysis based on the service areas that the client requests. We then provide a detailed report that typically includes a cash flow/net worth projection, specific financial planning recommendations and personalized investment advice. Meeting is billed at actual time involved. You graduate into the higher levels based on amount of complexity involved in your situation.
Level 4
$6,000–$9,600 usually between 25-40 hours
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You might fit in this category if:
- You have the characteristics of level 3 to a more complex degree.
- You have multiple levels of compensation.
- Stock options or restricted stocks make up an appreciable percentage of your net worth.
- You have participated in deferred compensations for several years and have multiple elections.
- You are the primary owner of a business that has multiple employees.
Click to see which areas of advice fit in this level →
Primary advisor: Kris Johnson, CFP®
Click here to learn more about Kris →
What you receive:
This is an in-depth review of your financial situation with advice tailored to you. We complete an analysis based on the service areas that the client requests. We then provide a detailed report that typically includes a cash flow/net worth projection, specific financial planning recommendations and personalized investment advice. Meeting is billed at actual time involved. You graduate into the higher levels based on amount of complexity involved in your situation.
Level 5
$12,800+ usually between 40 or more hours
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You might fit in this category if:
- You have a highly complex overall financial situation, or one service area is particularly complex.
Click to see which areas of advice fit in this level →
Primary advisor: Mark Berg, CFP®
Click here to learn more about Mark →
What you receive:
We may either provide a detailed analysis on all the service areas, or else hourly ongoing financial advice on only one complicated service area. We assist clients in areas such as working through large estates, reviewing complicated insurance policies, advising on small businesses or partnerships, and/or other complex topics as needed.
Since Timothy Financial Counsel receives no compensation other than its hourly fee, you can trust that the recommendations and action plan are designed to efficiently and cost effectively assist you towards your objectives.
Call our office today at (630) 681-0700 ext. 107 and arrange a no-charge introductory meeting.
Timothy Financial may offer hourly fee-only financial planning for clients all over the country (see disclosure page), but many of our clients live or work in Wheaton, Chicago, Arlington Heights, Glen Ellyn, Naperville, Oak Park, and St. Charles. Contact our office to set up a no-charge introductory consultation.