Longview’s Cornerstone Service Model is designed for clients who do not yet have the complexity or asset level for the Capstone Model but expect to within the next 10 years.
The Cornerstone Service model helps people who are just getting started with managing current assets and planning for future growth. These individuals are serious about being actively engaged in creating their financial future. They are good savers who are interested in partnering with a professional to meet their long-term goals.
About the Services
The Cornerstone Model includes financial planning services and ongoing investment management, which may include:
- Goal Setting
- Assessment of Risk Tolerance, Capacity and Need
- Cash Flow Planning & Budgeting
- Estate Planning
- Savings Allocation and Liability Management
- Insurance Planning
- Employee Benefit Reviews
- Income Tax Planning
- Education Planning
The initial planning process generally requires three or four meetings. After the initial planning process, Longview continues to monitor your goals and objectives, making updates and recommendations as appropriate, and managing investments in accordance with your risk tolerance, capacity, and need. After the initial planning process in the Cornerstone Model, you usually meet with your financial planner one time a year along with periodic check-ins by phone or email as needed.
Cornerstone Service Model Fees
The fee for the Cornerstone Model is comprised of two parts:
Financial Planning Fee
The financial planning fee covers initial financial planning, along with the ongoing annual financial reviews and recommendations. Annual financial planning fees depend on the level of complexity, time required, and other factors we deem appropriate for your situation. Annual planning fees are reviewed at the end of each calendar year.
Investment Advisory Fees
The investment advisory fee covers the ongoing monitoring and management of investments to meet your needs, considering risk, return, costs and tax efficiency. Investment advisory fees are calculated based on the following schedule:
- First $1,000,000 under Longview’s management: 1.00%
- $1,000,001-$2,000,000 under Longview’s management: .85%
- $2,000,001-$3,000,000 under Longview’s management: .75%
- $3,000,001-$5,000,000 under Longview’s management: .65%
- Over $5,000,000 under Longview’s management: .50%