Services and Fees

FINANCIAL PLANNING
We will help you define your financial goals and objectives and we will help you write a financial plan to accomplish those goals. We can either prepare a comprehensive plan for you, or we can address specific planning needs. Comprehensive planning typically includes planning for retirement, children’s educations, income taxes, life, disability and long term care insurance and investment/portfolio management. If you prefer we can consult with a tax accountant and estate-planning attorney when we write your financial plan.

Financial planning services are billed at $145.00 per hour. We will estimate the number of hours required to complete your plan before we begin. If you have assets under management with us through Schwab Institutional (described below) we will provide financial planning services at no additional fee. 

ASSET MANAGEMENT
Irving Planning & Investments, Ltd. is registered as an investment advisor. Our firm provides investment advice and portfolio management. We invest client assets primarily through Schwab Institutional, a division of Charles Schwab & Company. We typically meet with clients quarterly to review portfolio performance and investment objectives. Our minimum account size for our fee based investment advice is $100,000.00 and our fees are based on a percentage of assets under management as follows:

Account Size Quarterly Annually
Client assets up to $200,000;   .2875%   1.15%
Client assets between $200,001 and $400,000;   .2125%     .85%
Client assets between $400,001 and $1,000,000;    .1250%     .50%
Client assets of $1,000,001 and greater   .1125%     .45%

Portfolios consisting of 100% bonds or bond mutual funds pay .50% annually or .1250% quarterly.

Client assets, for purposes of computing the above fee, shall include the combined assets of the accounts of spouses and their children living in the same household. In the instance of multiple accounts the fee shall be paid from one or more accounts as designated by the client.

INSURANCE SERVICES
We are licensed insurance agents and represent numerous insurance companies for life, disability income and long term care insurance. We will focus on finding the best solutions for your insurance needs.

Michael J. Irving is a Certified Financial Planner TM and a Chartered Life Underwriter, and has a Bachelor’s degree from the University of Northern Colorado. He has worked in the financial services industry since 1981. He is a Registered Principal with FSC Securities Corporation.

Deanne K. Irving, Client Services Manager, has a Bachelor’s degree from the University of Northern Colorado. She has worked in the financial services industry since 1994. She is a Registered Representative with FSC Securities Corporation.