Friendly, flexible and always fee-only.
My firm provides financial planning in which you use your money to increase your sense of financial well-being and life satisfaction. Brian Thompson Financial is fee only – that means no commissions, no kick-backs, and no sales pitches for insurance or other expensive investment add-ons – just the transparency you deserve.
Business engagements are split into two phases:
- Phase 1 – Discovery: In this phase, we discover who you are, what you want and what resources you have to build the business of your dreams. I often use a jigsaw puzzle analogy to describe this phase. Almost all of us have struggled to reconcile the beautiful picture on the puzzle box top with the hundreds of scattered pieces inside. I help you get clarity around what the picture on your box top looks like and analyze what pieces inside we have to work with. I do this through a combination of the art of financial planning (clarifying your passion behind your business, your vision and the values you use a lens for your decisions), as well as the science of financial planning (figuring out how your cash flow, business structure, taxes, etc. all fit together).
The minimum cost for this phase is $2,000 for a new business and $4,000 for a business in operation over one year. They will be added costs for complexity such as the number of people involved in the process, business structure and revenue. We will have two or three meetings. I’ll take you through a couple of exercises around the vision and values of your business, as well as analyze your profit and loss statements, balance sheets and statements of cash flow. I will deliver a comprehensive business summary, as well as an organized presentation and proposal for the next phase.
- Phase 2 – Ongoing support and care: Here, we set up the foundational structure for your mission-driven business, as well as respond, advocate and create conditions for success. Specifically, we will address any business structure changes, set up a cash flow system that makes you profitable from day one, implement proper bookkeeping and maximize your use of business tax advantages. We will also address retirement planning (like setting up Solo 401ks), scenario plan, set up buy-sell agreements, adjust employee benefits and develop exit strategies that are all in line with the purpose, vision and values we discovered in Phase 1.
The minimum costs for this Phase is $6,000/year for new businesses and $10,000 for business in operation over a year. Deliverables and meeting structure will vary and will be outlined in your proposal.
Costs may be adjusted if there are added complexities such as having multiple entities, multiple owners, and/or complex balance sheets. My goal is always to provide value greatly in excess of your investment. Additionally, I will always provide the cost and scope of engagement before you commit to anything. If you are curious to learn more about what it would cost in your situation, feel free to set up a 15-minute introduction call.
Personal planning can be added at an additional cost. You can check out the Process tab to get an overview of how that process works and the benefits of each step.
Managing, improving and capturing opportunities within your financial life
Sound valuable to you? Contact me.