What We Do
While we are the first people to admit that money can not buy you happiness, we understand that it couldn't hurt to have a little more of it.
Money management is a job that very few people understand, yet very few people seek help with. If you are someone that knows that your current financial plan isn't working, that your investments are under-performing, or you just simply dont have a place to start, Eddie Patel, Inc. would like to help.
The Quick Financial Plan
If your situation is less complicated or you are just starting out, we offer whats called the "Quick Financial Plan."
Here is what's included with the Quick Financial Plan:
- A written financial plan with a snapshot of your current net worth and monthly expenditures.
- Income tax assessment.
- Make recommendations to you on how you can legally reduce your tax liabilities
- Help you create a "managed" savings account, with automatic (ACH) drafting. We will be managing the assets in this account for you, making stock and mutual fund purchases on your behalf.
- Assist you with all financial transactions including 401(k) rollovers from old employers, stock certificate sales, IRA's, and opening individual brokerage accounts
- Annual Reviews for progress tracking
Fee range = $29.00 - $199.00
The Fiduciary Financial Plan
If your liquid net worth is $50,000 or higher, you will likely need a service platform more advanced than the Quick Financial Plan. To be successful with our Fiduciary Financial Plan, it is important to realize that we would like to cultivate a long term relationship with you to maximize the plan's effectiveness.
The Fiduciary Financial Plan will include all of the elements of the Quick Financial Plan with the following enhancements:
- Written financial plans include estate planning recommendations
- Taxes prepared by our affiliated, preferred CPA firm
- Investment performance analysis, complete with Morningstar reports
- Detailed Risk/Reward profile analysis
- Real estate plans including analysis and recommendations
- Retirement Scenarios and Modeling
- College Planning Assistance
- Insurance Reviews
Fee Range = $199.00 - $2500.00
