"How are you paid?"
Jason Howell Company (JHCo.) is paid exclusively by clients - i.e. "fee only" - for financial services and receives no commissions or kickbacks from any other source.
For developing a comprehensive financial plan, the typical fee is $2,500, paid up front and takes about 6 to 8 weeks to complete. For an ongoing annual relationship, our fee is an additional $3,000 annual retainer and 1% per year of any investments managed. If the investments managed exceed $300,000, then the annual retainer is waived.
Alternatively, JHCo. provides an hourly rate for special projects (i.e. 401(k), 403(b) or TSP account reviews, debt strategies, etc.) and a flat rate for seminars.
"Where do you manage my money?"
As a registered investment adviser, JHCo. has an independent, "institutional" relationship with multiple broker-dealers. For example, most new accounts will be opened with TD Ameritrade Institutional, a division of TD Ameritrade Inc., member FINRA/SIPC an unaffiliated SEC-registered broker-dealer and FINRA member. You will have a private login to monitor your account. You will also receive statements directly.
"Is there a minimum balance required to work with you?"
No. we have an open financial services model accessible to anyone serious about proactive financial planning. You may manage your assets with another advisor or on your own. If we do not manage your investments, you are still welcome to work with us through 60 DAY, ONGOING or hourly arrangements.
"What's the profile of your typical client? Who do you work with?"
JHCo. clients are typically professionals in the Washington, DC area who appreciate individualized attention. They are mostly associated with Generation X - born between the mid-1960s and early 1980s - are parents and in the "accumulation phase in life." This means that although retirement planning is important, they are just as concerned about current challenges like cash flow and debt management, employer benefits, college and even post-divorce planning. They're skeptical and trust service providers more when they can meet the principals - the owners - and get to know them.
Our best clients are typically just "savers" who are trying to do the right thing for their families.
"Do you have an office?
JHCo. maintains virtual offices which allows for keeping our fees competitive. So we meet with clients virtually, at their offices or at other convenient locations throughout the Washington, DC metropolitan area.
"Will my adviser work independently or as part of a team?
Internally our team includes principals Jason Howell and Doug Tees (see our team page). Most of our clients benefit from working with both principles and they partner with other specialists: estate planners, CPAs, insurance agents, etc.. We partner with these professionals externally to offer an affordable, comprehensive experience. This "a la carte" structure gives more families access to holistic advice typically reserved for the ultra wealthy.
"What is the process like for getting started?"
Your first step is to contact the firm to schedule a free phone call. The call will take about 15 to 30 minutes and if there is a "connection" an in person meeting is then scheduled. Between the 30 minute call and the in person meeting, one of us will send you our agreements to read ahead of time. By the end of our first in-person meeting both parties will know whether each would like to work together. After signing agreements and submitting the initial fee, the service begins!