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As concern rises about the spread of the coronavirus, we wanted to let you know that we at Patriot are closely monitoring this situation to maintain very high service levels and minimize disruption. We have taken prudent steps and have carefully reviewed our plans to ensure business continuity. If you have any questions or concerns, please let us know. We are here for you. Read More

Financial Fitness: Our Vision For Financial Planning


Do you love your job? Feel like you’ll work ’til you drop? Think your “golden years” should be now and the future? We agree, and our approach to financial planning can help make that a reality.

The master in the art of living makes little distinction between his work and his play, his labor and his leisure, his mind and his body, his education and his recreation, his love and his religion. He hardly knows which is which. He simply pursues his vision of excellence at whatever he does, leaving others to decide whether he is working or playing. To him he is always doing both.

-Lawrence Pearsall Jacks

Traditionally, investment management and financial planning have been reserved for those who have already saved a significant amount of wealth. We break that mold using services designed to help those who may not have many investable assets yet. But they still want and need help to balance their love of work with a desire to fully enjoy their life now, not just thirty years from now.

Through our Financial Fitness program, we provide investment management and financial planning for today’s busy, driven, and passionate professionals. They are often consumed by their work, as a passion and their purpose in life. They can hardly distinguish between work and play. This leads to a busy lifestyle, with little time to appropriately manage the full spectrum of your personal finances. That’s where the ongoing Financial Fitness program comes in.

Venn Diagram of financial fitness elements

What To Expect


Financial Fitness combines financial planning with ongoing accountability, much like a physical trainer combines basic fitness principles with a higher level of accountability. But, neither financial or physical fitness is a one-time deliverable. It is an ongoing process of developing and modifying your life goals and determining whether and how you can meet those goals.

Financial fitness works to make sure your plan is designed to evolve alongside your ever-changing life. This is ideal for busy, driven professionals who want to maximize their ideal lifestyle over their entire lives, not just in retirement, and want help doing so.

We help you by providing:


Organization

Building structure into your financial life by getting your financial house in order

Accountability

Helping you follow through on commitments that help you achieve your goals

Objectivity

Bringing insights and expertise to help you avoid emotionally driven, financial decisions

Proactiveness

Working with you to anticipate life transitions and be financially prepared for them

Education

Explaining what you need to know to help you succeed

Partnership

Assisting you collaboratively by working with you, not just for you

This Ongoing Program Includes:


  • Initial consultation and creation of a financial plan (over the course of 2-3 meetings with your financial advisor)
  • Implementation of initial plan and ongoing adjustments
  • Periodic meetings each year with your advisor to proactively review, adjust, and update your plan as your life changes
  • Ongoing access to your advisor between meetings for any questions or needs that arise
  • On-demand access to your financial picture in one place to monitor account activity, track progress toward goals, evaluate spending, store important financial documents, and more through your client portal

Financial Fitness focuses on numerous areas of your life. With personal finances, there are many questions, and obstacles. Here are some of the primary components we cover and address together to help you live financially fit:

Lifestyle Design

  • Developing your goals and priorities
  • Budgeting and maintaining an emergency fund
  • Planning for purchases and/or financing
  • Paying off debts and managing credit
  • Tracking your net worth
  • Projecting lifestyle scenarios

Insurance Analysis

  • Maximizing employee benefits
  • Utilizing health insurance & HSAs (if eligible)
  • Protecting property and liability
  • Insuring against death
  • Insuring against disability
  • Evaluating long-term care needs

Investment Management

  • Crafting risk profile and investment guidelines
  • Allocating and diversifying assets
  • Harvesting tax losses and asset location
  • Rebalancing and ongoing management
  • Limiting costs and taxes
  • Coaching and disciplined philosophy

Tax & Estate Planning

  • Minimizing current and future income tax
  • Evaluating potential estate tax issues
  • Estate documents
  • Asset titling and beneficiaries
  • Education planning
  • Charitable planning

Our Insights

Commentary For Driven Professionals

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Why long-term investing success is about time in the market, not timing It is only natural that investors would want to find some way to sit out bear markets and get back just in time for the next bull run. The belief that you can foresee the direction of the stock market is a seductive […]

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The Weak Dollar: Why It Won’t Be Replaced As Global Reserve Currency

Stock markets have been very strange this year. We witnessed the fastest sell-off in history between February and March, with the S&P 500 falling more than 30%, only to enjoy the best recovery ever, reaching an all-time high on August 21. Institutional investors and especially pension funds have gone from panicking to completely reconsidering their […]

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Our Fees


Financial Fitness starts with an initial comprehensive plan, billed hourly at $200 per hour. Our ongoing fees are a combination of a monthly retainer and a fee on managed assets. The monthly retainer is $200, and billed directly from your bank account through AdvicePay. Our asset-based fee is a reduced 0.5% on all assets.