Our firm’s Professional Alliance Network endorses, when appropriate, a secure environment in which the firm’s clients can find reputable professional services for transacting business activities such as Estate Planning, Insurance Purchases, and Mortgage Banking. Our firm employs a very selective process through which it identifies senior professionals that complement the overall financial needs of our clients. The Professional Alliance Network business model is based on an objective, and extensive due diligence process that attempts to select first class experienced professionals in their fields of expertise; and thereafter, to develop direct “firm to firm” relationships for the benefit of our clients.
Some of the stringent criteria senior professionals comply with include the followings: 1) Tenure and experience of the business professional, 2) Extensive interviews of the lead professional and its staff members, 3) In-depth investigations of all available referrals, 4) Disclosure of organizational ownership 4) Orderly development of the business process and its implementation, 5) Evaluating the personalities involved and their potential match with our firm’s clients, 6) Allowing investigations of past complaints and pending unresolved legal matters, and 7) Executing an independent, fully transparent, and competitive product purchases on best in class quality and price. When appropriate, financial products that are sold and generate disclosed-and-transparent commissions and/or fees will be shared by the professionals performing the task with our firm.
At the end of this process, ongoing reviews are scheduled with all clients utilizing the Professional Alliance Network. This process includes the followings: 1) Review of the analysis done, recommended and implemented, and how does it enhance the client’s overall financial planning, 2) Recalibrate each client’s financial planning models as his or her life circumstances change, and 3) Present consolidated reporting that incorporates the products of the Professional Alliance Network with the entire holdings of the clients’ other investments disciplines.
The Client recognizes that the value and usefulness of our firm’s services will be dependent upon the information that the Client provides and the Client’s active participation in their relationship with our firm. Copies of certain Client documents may be requested by our firm to assist in conducting a more complete evaluation of the Client’s financial objectives. Our firm may reasonably request certain of the following documents: insurance policies, wills, tax returns, bank, brokerage statements and other documents depending upon the Client’s circumstances, in order to permit a complete financial evaluation.
Professional Alliance Network pricing schedule, when appropriate, will adhere to the following criteria: 1) extensive due diligence process for identifying the best industry pricing for any life insurance and/or mortgage product, 2) disclosing all pricing bids obtained from the industry for any life insurance and/or mortgage product, and 3) splitting with the professional the net fees and/or commissions generated on a 50:50 percent arrangement.
Our firm’s fee is exclusive of, and in addition to brokerage commissions, transaction fees, and other related costs and expenses which shall be incurred by the Client. However, our firm shall not receive any portion of these commissions, fees, and costs. The hourly fees are determined after considering many factors, such as the level and scope of the services.
One half of the total estimated hourly fees are due and payable at the time the Client’s agreement is executed, the remainder of the fees are due upon presentation of a plan or the rendering of consulting services. Financial plans will be presented to the Clients within six (6) months of the contract date, provided that all information needed to prepare the financial plan has been promptly provided by the Clients. In all cases, our firm will not require a retainer exceeding $1,200 when services cannot be rendered within six (6) months.
As stated previously, the hourly rate is $350 per hour. In the event that a Client should cancel the financial planning agreement under which any plan is being created, the Client shall be billed for actual hours logged on the planning project times the agreed upon hourly rate. Any surplus in our firm's possession as the result of collecting a deposit at the time of signing the financial planning agreement will be returned to the Client within 5 business days of cancellation.
All mutual fund expenses, transaction fees, administrative costs charged by parties other than our firm are separate and additional to those indicated above.
The Client understands that the Consultant may recommend that Clients execute transactions or do business through a broker-dealer, insurance company or other type of third party firm. In any event, the Client is free to implement their firms of their choice. Consultant does not possess or exercise any discretion with respect to Client transactions.
It is expressly understood and agreed between the parties of this Agreement that TSL will not provide legal advice nor prepare any legal documents for Client.
The termination and refund policy with respect to the Professional Alliance Network will depend upon the third party firm the Client chooses to do business with. With respect to financial planning/consultations, either party may terminate the agreement at anytime by providing written notice to the other party within five (5) days of signing our firm’s financial planning agreement. The Client will incur charges for bona fide advisory services rendered to the point of termination and such fees will be due and payable by the Client. Refunds will be given on a pro-rata basis.