MyLife Financial is a fee-only financial advisory firm providing objective and independent advice virtually. Our clients are busy professionals that face daunting questions of how today's financial decisions will affect their long-term financial success. Our approach to financial planning and investment management is simple. All decisions are focused on Your life. We let your core values, financial goals, and family dynamic guide us in the development of your financial plan.
Our mission is to empower, inspire and nurture individuals’ lives through our financial planning process. We understand that every major life event has rippling effects on our clients, their families, and their financial lives. We just want to help piece it all together.
- Services: Financial planning, investment management
- Ideal Client: Physicians & Business Owners looking to balance money & life
- Location: Edinburg, TX
- My Financial Life Planner Application, ADV2
- Website, [email protected], (956) 507-0257
Comprehensive Financial Planning consists of two options, a One-Time Engagement, or an Ongoing Engagement.
If a One-Time Engagement is selected, there is a Fixed Fee of $4,500 where a fixed fee of $1,500 is due upfront and the remaining fee of $3,000 is billed, in arrears, at a monthly rate of $250 per month for 12 months.
If an Ongoing Engagement is selected, there is an Initial Fixed Fee of $4,500 where a fixed fee of $1,500 is due upfront and the remaining fee of $3,000 will be billed at a monthly rate of $250 per month, in arrears, until the Initial Fixed Fee is satisfied. After the Initial Fixed Fee is satisfied, the client will have the option to continue the service at an ongoing fee that is paid monthly, in arrears, at the rate of $250 per month. The fee may be negotiable in certain cases. This service may be terminated with 30 days’ notice. Upon termination of this service, any portion of the Initial Fixed Fee left unsatisfied, will be due within 30 days of receiving the termination notice. If the Initial Fixed Fee has been satisfied and the service is on a month-to-month basis, the monthly fee will be prorated and any unearned fee will not be billed to the client.
The standard advisory fee is based on the market value of the account and is calculated as follows:
|Account Value||Annual Advisory Fee|
|$0 – $500,000||1.00%|
|$500,001 – $1,000,000||0.90%|
|$1,000,001 – $1,500,000||0.80%|
|$1,500,001 – $2,000,000||0.70%|
|$2,000,001 and Above||0.60%|