Financial Planning & Investment Management
Ongoing Financial Planning
This service involves working one-on-one with a financial planner over an extended period of time. Through this ongoing arrangement, clients are expected to collaborate with their planner to develop and assist in the implementation of their financial plan. The planner will monitor the plan, recommend any appropriate changes and ensure the plan is up-to-date as the Client’s situation, goals, and objectives evolve. Pick your service level →
Just the Basics
This is best for folks who don’t yet feel secure about their financial foundation, meaning sticking to a budget, having an emergency fund, paying off high interest debt, and/or starting to save for retirement.
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One 45-75 minute discovery meeting
One 45-75 minute plan presentation meeting
A short written plan (PDF file) covering budgeting, debt, retirement, and employee benefits guidance
One additional 60 minute meeting (or multiple shorter meetings) each year for accountability and to review/refresh the written plan
A written plan refresh each year
Ongoing email access to your financial planner to ask questions and to make updates as needed
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Core values and goal setting
Budgeting help, if needed
Personal debt planning, if needed (excluding detailed student loan recommendations)
Retirement planning for retirement goals more than 10 years away
Help selecting employee benefits
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Minimum fee: $1,500 upfront (covers the first 3 months of work) + $1,200/year or $100/month
Fee is dependent on complexity and client service needs.
More for Your Money
If you already have the basics down, have some extra money left over each month, and are ready to move on to other issues like early retirement, buying a home, equity compensation basics, high level insurance questions, or starting a business, this level of service might be the right fit for you.
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One 60-90 minute discovery meeting
One 60-90 minute plan presentation meeting
A comprehensive written plan (PDF file) from our financial planning software
Online access to our financial planning software to play around with real-time plan updates, check off a customized Tasks list, download or upload files, and more
Two additional 60 minute meetings (or multiple shorter meetings) each year for accountability and to review/refresh the written plan
A written plan refresh each year
Two 30-45 minute calls with the coach(es) of your choice covering career, nutrition, or executive functioning topics
Ongoing email access to your financial planner to ask questions and to make updates as needed
Intros to and coordination with other vetted financial and legal pros who can help with things like tax filing and legal documents
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Core values and goal setting
Budgeting help, if needed
Personal debt planning, if needed (including detailed student loan recommendations)
Retirement planning for retirement goals more than 5 years away
Help selecting employee or self-employment benefits
Planning for up to three additional goals (college funding, career breaks, home purchase, business startup, etc.)
Help with equity compensation basics, if applicable
Investment review
Insurance quick review
Estate plan quick review
Your choice of career, nutrition, or executive functioning coaching
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Minimum fee: $3,000 upfront (covers the first 3 months of work) + $3,000/year or $250/month
Fee is dependent on complexity and client service needs.
The Works
This is best for those who have more complex financial issues, such as many different goals, significant equity compensation, retirement within the next 2-3 years, a business with many employees, or special needs dependents.
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One 60-90 minute discovery meeting
Two 45-90 minute plan presentation meetings to incorporate updates
A comprehensive written plan (PDF file) from our financial planning software
Online access to our financial planning software to play around with real-time plan updates, check off a customized Tasks list, download or upload files, and more
Three additional 60 minute meetings (or multiple shorter meetings) each year for accountability and to review/refresh the written plan
A written plan refresh each year
Six 30-45 minute calls with the coach(es) of your choice covering career, nutrition, or executive functioning topics
Ongoing email access to your financial planner to ask questions and to make updates as needed
Intros to and coordination with vetted financial and legal pros who can help with things like tax filing and legal documents
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Core values and goal setting
Budgeting help, if needed
Personal debt planning, if needed (including detailed student loan recommendations)
Retirement planning for retirement goals more than 2 years away
Help selecting employee or self-employment benefits
Planning for an unlimited number of additional goals (college funding, career breaks, home purchase, business startup, etc.)
In-depth equity compensation analysis
Investment review
Insurance review
Estate plan review and planning for special needs, legacy, or high net worth issues
Your choice of career, nutrition, or executive functioning coaching
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Minimum fee: $5,000 upfront (covers the first 3 months of work) + $7,000/year or $583/month
Fee is dependent on complexity and client service needs.
Responsible Investment Management
We can manage investments for those who wish to have Environmentally, Socially, and Governmentally (ESG) responsible investing filters applied and prefer for us to manage their investments, rather than doing it themselves, although investment management is never a requirement to engage us for other financial planning services. We can include or exclude employer accounts such as 401(k)s or 403(b)s depending on your preference and our account minimums.
For this service, we’ll assess your capacity and need for risk, develop a strategic asset allocation for each goal and account type, apply relevant ESG filters, help you open and transfer accounts, choose the investments, complete the trades, help you move money around, and rebalance your investments as needed.
Fees including employer accounts: 1.0% of assets under management (AUM) plus any platform fees; minimum fee of $1,000/year and minimum AUM of $50,000
Fees excluding employer accounts: 1.0% of assets under management (AUM); minimum fee of $500/year and minimum AUM of $25,000
Project-based and Hourly Work
Do you have a question about just one or two areas of your personal finances? We can give you a customized quote for individual, one-time (not ongoing) services covering any or all of the following topics:
Budgeting
Debt paydown
Saving for emergencies
Prioritizing goals
Retirement account questions
Buying a home
Planning for family leave
Education funding
Starting a full-time business
Starting a new job
Other topics subject to approval of Reverie Wealth
Minimum fees start at $250 and are based on an estimate of project hours at a rate of $300 per hour. Fees are due 50% upfront and 50% upon presentation of the plan.
"In the five years I worked with Rachel, she turned my negative net worth to positive, helped me establish a meaningful amount of savings even on a government salary with student loans, and more importantly, she changed my attitudes about money. I have a different view of what's possible after working with Rachel."
— Janice D., previous client
This client was not compensated for providing this testimonial. Reverie LLC gained this client's permission to publish their testimonial. Outcomes are personal and specific to each client, and one client’s results do not guarantee identical outcomes in the future for another client.
Our Approach
After 20+ years and a Master’s degree in personal financial planning, Rachel has a few *AHEM* opinions about financial planning. She also loves a bulleted list, so here you go:
Keep it simple
Getting too specific about things that are happening in 30 years (heck, even just in 5 years) leads to a false sense of accuracy. Nothing will be the same in 30 years, or probably even in 5 years. Maybe not even tomorrow. Giving you a general sense of direction is better than trying to tell you exactly what to do in May 2039. The time to get more precise is when something is happening in the next 1-2 years. Oh, and keeping it simple also means we avoid using jargon as much as possible, and if we have to use it, we explain it in plain English.
Done is better than perfect
If we make a plan that is technically perfect but won’t actually work in your real life because you won’t end up doing it, then it’s like an iron butterfly - beautiful but it won’t fly. Sometimes we recommend strategies that aren’t as efficient as they could be simply because we think it will work better for you to stick to over a long period of time. You are the best expert on yourself, so we’ll use coaching techniques to follow your lead on what will work (but we’ll help you understand your options).
Most investing should be passive
We have enough information widely available to the public nowadays that most people have the same information about most types of investments. That usually means that the investors you hear about getting higher returns by picking specific companies to buy or sell are simply lucky - and their luck will almost always run out pretty quickly. We recommend buying a broad range of investments with different characteristics in a variety of different sectors of the economy. This is called “passive” investing, since we aren’t going to “actively” select individual companies to buy or sell.
Balance living today with saving for the future
It’s important to not go too far in either direction of enjoying your resources today vs. saving them up for your future life. No one is promised tomorrow, but we also know the United States has a notoriously shaky safety net for things like retirement and health care costs. We’ll always make sure your plan includes room for you to savor great experiences now, but also to be wise in covering your future expenses. A lot of this is accomplished through doing core values work together - making sure we understand your “why” behind what you do and using those values to make appropriate tradeoffs.
Integration is key
So many things affect your money - your values, your past, your social circles, your personal growth internal work, your energy, even your sleep! That’s why we offer multiple types of coaching as part of our ongoing planning packages, and why we incorporate core values and life planning work into our process. We aren’t therapists but we want to see all our clients living their best lives in alignment with what matters most to them.
FAQs
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Yes! We love working with anyone who considers themselves a feminist or womanist and wants equality for all people. We recognize that every person can fight for equality in their own ways, and we’ll get along especially well if you’re the kind of person who spends time thinking about ways to bring about a more fair and just society.
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The term ‘womanist’ was coined by author and activist, Alice Walker, in her publication In Search of Our Mothers' Gardens: Womanist Prose. Womanism as a theory is deeply committed to the wholeness and well-being of all of humanity, regardless of gender, race, social class, or other identities, while feminism has traditionally focused on gender discrimination. As Alice Walker wrote, “Womanist is to feminist as purple is to lavender.” At Reverie Wealth, we aim to be broadly intersectional feminists, meaning we are always learning how other identities (race, class, physical abilities, sexual identity, religion, etc.) impact and are impacted by gender inequalities, and how we can incorporate those aspects into our fight against all inequalities. Inclusive, intersectional equality is a driving force in everything we do.
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Everyone could use some personal financial planning as soon as they have a source of income - whether that is an allowance as a young person or their first job. But since most of the basics are the same when your income and account balances are lower, you probably can use group or on-demand offerings such as our group coaching sessions. You probably don’t need 1:1 financial planning until you have more income coming in than you are spending and/or until you have a fairly large lump sum of money coming your way, like from company stock or an inheritance. Often folks need more 1:1 services when they are going through a life transition, like starting or leaving a job, growing or shrinking their family, starting or finishing school, etc.
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After a long career of working primarily with women, we have seen firsthand the value of multiple types of coaching - career, life, nutrition, sleep, executive functioning, and even parenting coaching. You can think of coaching as a supplement for the things women often have not been socialized with or taught: how to negotiate, finding our dream job(s), working with mentors and sponsors, creating healthy boundaries, pursuing life goals, finding peace and rest, managing multiple demands, handling neurodivergence. It’s our (small) way of helping to fix systemic misogyny and smash the patriarchy.