How We Work

At Varra Financial, we believe that to truly add value for our clients, it is essential to start with a comprehensive financial plan. Our approach ensures that we understand your unique financial landscape and goals from the outset. All new clients begin with our planning process, which is structured into two distinct phases. Most clients will start with Phase 1 and transition to Phase 2 as they seek ongoing management and advice.

Phase 1: Comprehensive Financial Planning

Phase 1 of our financial planning process is the basis for our recommendations and the first step in any good financial plan. In this phase, we conduct a thorough review of your current financial situation, including your goals, values, concerns, risk tolerance, and timelines. Based on this analysis, we provide tailored recommendations to help you move towards your financial objectives. This phase includes one full year of service, with regular client meetings to keep your plan on track. The fee for Phase 1 may vary depending on the complexity and scope of the engagement, with a minimum planning fee of $3,000.

Phase 2: Ongoing Planning and Advice

Phase 2 offers ongoing planning along with direct management of your financial assets. While clients are not required to move to Phase 2, most of our clients value the simplicity of delegating to professionals and understand the importance of long-term planning. In this phase we take a hands-on approach with the management of your investments to ensure they align with your goals and adapt to changes in your circumstances, and financial landscape. Clients who choose to have Varra Financial manage their investable assets will be charged an assets under management (AUM) fee as detailed on this page. This fee will fully cover our ongoing planning service and fees, which can be conveniently paid directly from your investments.

Investment Advisory Fees

Investment Balance Advisory Fee
$250,000- $1,000,000 1.0%
Next $1,000,001- $3,000,000 0.8%
Next $3,000,001- $5,000,000 0.7%
Next $5,000,001-$10,000,000 0.6%
$10,000,001 + and above 0.5%

Accounts under $250,000 will be assessed an advisory fee of 1.25%

Our pricing model reflects our desire to deliver a comprehensive and long-term planning experience for individuals at every career phase.

FAQ

Are you a Fiduciary?

Yes. We operate with a Best Interest mandate, which means we provide our clients with advice and recommendations that we believe are in their Best Interest.

Am I a Good Fit for Varra?

We work with young professional families, business owners, and those nearing or in retirement. Clients who find the most value with Varra have reached a level of complexity that require professional guidance and are looking for a team that can educate and empower them to make great decisions. Our clients are also seeking a long-term relationship to guide them through current decisions, future transitions and planning for the next generation.

What Is Included in Phase 1?

All new clients begin with an initial discovery meeting, where we take the time to understand your goals on a deep level and review your current financial situation. Following this, we draft your financial plan and schedule a Draft Plan meeting. During this meeting, we assess your progress towards your goals and provide specific recommendations to enhance your planning efforts. We’ll also outline the necessary action items and set a customized schedule for future meetings to keep you on track. Every client’s planning needs are unique, however our scope of work typically includes reviewing and adjusting investment allocation and strategy review, retirement planning, cash flow analysis, risk management, tax planning strategies, and estate planning review. Phase 1 includes a full year of access to planning services, with proactive meetings tailored to the complexity of your plan and any life changes that may occur.

What Is the Value in Hiring a Financial Planner?

Working with a financial planner can be highly valuable, especially in navigating complex financial decisions. Here’s why it’s worth considering:

  1. Expertise: Planners offer specialized knowledge to optimize your financial strategy.
  2. Personalized Planning: They tailor advice to your unique goals and situation.
  3. Time-Saving: Planners handle the complexity, freeing up your time.
  4. Accountability: They keep you on track and adjust plans as needed.
  5. Objectivity: Planners provide unbiased guidance, helping you avoid emotional decisions.
  6. Maximizing Resources: They help you make the most of your money through smart strategies.
  7. Peace of Mind: Having a professional manage your finances brings confidence and reduces stress.

The right planner can help you avoid mistakes, grow your wealth, and achieve your financial goals efficiently.