How are we compensated?

COMPREHENSIVE FINANCIAL PLANNING

I will charge the client a fee to prepare a Comprehensive Financial Plan. A Comprehensive Financial Plan may include the preparation of a Personal Financial Statement, Income and Expense Statement, Investment Analysis Statement, Insurance Analysis Statement, Education Planning Analysis Statement, Estate Planning Analysis Statement, Retirement Planning Analysis Statement and Tax Planning Analysis Statement. A Comprehensive Financial Plan may also include year round financial counseling, income tax preparation services and IRS representation services.

 

MODULAR FINANCIAL PLANNING

I will charge the client a fee to prepare a Modular Financial Plan. Clients may want answers to one financial goal. This is called a modular financial plan or limited financial plan. We will prepare a modular financial plan to inform clients how to: (1) care for elderly parents, (2) retire, (3) purchase a home, (4) start a business, (5) pay for college, (6) stock market investing, (7) survive a layoff, (8) tax advantages when dividing marital assets, (9) understand their company benefits, etc.

 

                                                    INVESTMENT MANAGEMENT

I will charge the client either a fee, a fee based on a percentage of assets under management or a commission.   

Oftentimes, clients want a choice of compensation plans. They can compare costs and select the compensation plan that is in their best interest.

At Jones Financial Advisors, clients can choose how the financial advisor will be compensated.

 

                                                                    LIFE INSURANCE

I am a licensed Life and Disability Insurance Analyst in the state of CA. I will charge a fee to advise any person insured under a life or disability insurance contract, named as beneficiary under a life or disability insurance contract or have a interest in a life or disability insurance contract as to his or her rights in that contract. 

In addition, I am a Life Agent in the states of CA and TX. I will receive a commission from the life insurance company when I sell a policy.

 

                   TAX PREPARATION, TAX PLANNING AND IRS REPRESENTATION  

I will charge a fee to prepare a income tax return, prepare a tax plan and to represent clients before the IRS.

To prepare individual income tax returns, we will charge a fee per form used. This compensation plan limits the cost to only those forms used to complete the income tax return.

To prepare business income tax returns, we will charge a hourly rate or negotiated flat fee. This compensation plan limits the cost to the time spent reseaching the tax codes and preparing the income tax returns.

To prepare a tax plan, we will charge a hourly rate or negotiated flat fee. This compensation plan limits the cost to the time spent researching the tax codes and preparing the tax plan.

To represent clients before the IRS, we will charge a negotiated fee or receive a percentage of the taxes and penalties saved.      

 

                                                      BOOKKEEPING SERVICES

I will charge a fee to prepare monthly bookkeeping statements.