Who is a typical Hive Retirement client?
- A typical Hive Retirement client is over 50 years old and is considering (or is already in) retirement.
- Investible Assets between $1mm and up to $10mm.
- These are guidelines, not requirements. Even if you don't meet these guidelines we'll be happy to talk.
If I sign on as a client, do you require that you manage my money?
No. Hive Retirement offers, but does not require, Investment Management Services for Clients. It's your decision. Clients that manage their own investments pay a flat fee for Financial Planning.
Clients that include Investment Management services pay a fee based on a percentage of assets under management (subject to a minimum fee), and the Financial Planning fee is waived. Pricing breakpoints are provided for larger portfolios. We will build a portfolio with low cost funds based on how you feel about investing. As the markets move we will adjust your holdings so they remain at your intended percentages.
What Is a CERTIFIED FINANCIAL PLANNING™ Professional?
The CFP® designation is a formal recognition of expertise in the areas of financial planning, taxes, insurance, estate planning, and retirement saving. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with Clients.
What Is a Retirement Income Certified Professional (RICP)?
The RICP® designation refers to a financial professional who specializes in retirement income planning. Once qualified, RICPs advise retirees and near-retirees as to the best way to use the assets they have accumulated for retirement to live comfortably within a realistic budget and not run out of money prematurely. The RICP is designed for financial professionals who already have a broad-based financial planning credential, such as a CFP® or whose businesses already emphasize retirement income planning.
How much do I owe if I decide to not move forward after our introductory meetings?
Zero. We want to have a great long-term relationship just as much as you do. The introductory meetings and executive summary help give everyone a dress rehearsal to make sure we are a good fit. I also know other great planners that i can refer you to.
What is a “Fee-Only” Financial Planner? And what is a Fiduciary?
Hive Retirement is a Fee-Only Financial Planner where we receive a fee for planning services in lieu of traditional commissions. The benefits of Fee-only include transparency, no hidden charges, and no conflicts of interest to sell a product such as Annuities or Life Insurance.
At all times when providing Financial Advice to a Client, a CFP® professional must act as a fiduciary, and therefore, act in the best interests of the Client.