Integrated Financial Planning, PC

Paul Lemon, Financial Planner and Author located in Durango, CO

Financial Planning Clients:

New Client Forms | Initial Information Packet | Service Options

If you are interested in beginning the financial planning process with us, please download, print, and complete the following PDF forms and fax or mail them to our office. This preparation will save you time and money, as well as help us become more acquainted with your unique situation and needs. Please don't hesitate to call if you'd rather receive this preparatory packet by mail. Thanks! Paul

Confidential Client Questionnaire – Size: 56Kb, 22 pages
This is an extensive profile of your present financial situation. By completing this questionnaire, we have the information we need to create a plan that is tailored to your specific financial parameters.

What Do You Want? – Size: 14Kb, 6 pages
This form is a very thorough life goals questionnaire to make sure the plan we prepare for you is consistent with what you really want in life.

Investment Policy Questionnaire – Size: 20Kb, 5 pages
Investing is the art of balancing risk with return in a manner that lets you sleep at night while achieving your financial goals. Each investment client's portfolio is structured based upon responses to this questionnaire.

You will need the free Adobe Acrobat Reader to view and print these files.

MAILING ADDRESS
Integrated Financial Planning, P.C.
269 North Road
Durango, CO 81303-6430
Questions? Call Toll Free: 1.877.602.6739
Or local in SW Colorado: 1.970.259.6739
Fax: 970.375.6388

Letter of Introduction:

Thank you for your considering Integrated Financial Planning, P.C. for your investment management and financial planning needs.

I don't need to explain to you the importance of an advisor's commitment to a fee-only compensation structure or his/her willingness to abide by a fiduciary standard in keeping your interests first. I am not only 'fee-only' and 'fiduciary based' as required by my designation as a National Association of Personal Financial Advisors Registered Advisor, but I offer you my personal commitment to do all I possibly can to assist you in clarifying and achieving your financial goals.

The financial professional you choose to assist and empower you in managing your finances also needs to be sensitive to your life and listen carefully to what is most important to you. Only within this context can a long-term, fulfilling relationship exist. We strive to keep the client first in all ways – especially as it relates to this careful attentiveness to your priorities and longings – so that the advice we offer is truly helpful.

I would consider it a true honor to journey alongside you in giving money just the right amount of attention so that it doesn't rob you of what is most precious and important in your life.

– Paul Lemon

Description of Practice:

Integrated Financial Planning, P.C. provides comprehensive financial advisory services on a fee-only, fiduciary basis. We maintain the highest level of professional and technical expertise to ensure that our clients' financial needs are addressed with creativity, sensitivity, thoroughness, and timeliness.

Through the process of financial attentiveness or money grounded-ness, we empower our clients to enter into a relationship with their finances that supports their unique longings. We believe that money was never intended to be an end- only a means to an end. By giving money our careful attention rather than our precious life energy, we can finally see with clarity what we really want and what money can and cannot do in relation to those aspirations.

We, at Integrated Financial Planning, P.C., offer integration. Through mindful financial management and life planning practices we foster a balanced perspective and calm stillness that is easily lost amidst all the financial noise in our culture.

To accomplish these objectives we partner with our clients in a way that brings out the best in each of us. We rely on our clients to tell us how we are doing and ways that we can improve our services. We trust that our clients will also be open to not only our financial guidance but to suggestions for making our journey across this vast Sea of Money an enjoyable one!

Our intention is to provide the very best in financial advisory and investment management services. We promise to put your interests first and to honor the treasure of the trust you have chosen to place in us.

Summary of Advisory Services, Fees, and Billing:

This summary provides an overview of the various services generally available to clients of Integrated Financial Planning, PC, how the engagement of those services are documented, and the fees and billing structure related to those services.

Investment Advisory Services Provided Under
Investment Management Agreement

Asset Based Fees & Billing:

Rates are scheduled below. Bills generally rendered quarterly after the last business day of the quarter, prorated for the portion of the quarter during which the assets are under management.

Investment Implementation and Account Maintenance –
Client meetings, preparation, submission and monitoring of account applications and account transfer forms, interactions with custodian regarding account activities.
Investment Management and Reporting –
Activities related to screening, evaluation, selection, recommendation, supervision, review and reporting on specific investment vehicles, accounts and portfolios.
Standard Schedule of Investment Advisory and Management Fees –

Account Balance Portion Annual Retainer
Percentage Effective Rate At
Midpoint of Range

up to $100,000 1.00% 1.00% 1.00%

from $100,001 to $250,000 .90% .95%

from $250,001 to $500,000 .80% .89%

from $500,001 to $1,000,000 .70% .81%

from $1,000,001 to $2,500,000 .60% .70%

from $2,500,001 to $5,000,000 .50% .61%

from $5,000,001 and over .25% .42% at $10million

Assets in Other Custody –
Management with limited reporting on assets in 401(k) plans, deferred compensation plans, variable annuities, etc. with other custodians will be done for a separately negotiated fee.

Planning and Consulting Services Provided Under
Financial Planning and Consulting

Services Agreement

Hourly Fees & Billing:

Current advisor / planner rate is $190 per hour; administrative assistant rate is $60 per hour. Bills all rendered monthly; time accounted for in 1/10 hour increments.

Hourly fees generally apply to all services that are related to assets or issues or matters not subject to the asset based billing for Investment Advisory Services in the adjacent column. Services can be engaged either as a package under our Comprehensive Planning Service or separately under our Segmented Planning Service.

Coaching, Counseling and Consulting –
Advice on all phases of personal finance including budgeting and cash flow analysis, gaining control of personal financial matters, understanding and managing your personal relationship to money and financial matters.
Personal Financial Planning –
Preparation of written personal financial plan which may include any or all of the following: retirement / financial independence planning, cash flow analysis, life and disability insurance needs analysis, education funding planning, estate tax and net to heirs calculation. Typical range $1,500 to $5,000.
Investment Policy Development –
Required for all Investment Management Agreement clients. Planning, analysis, consultations and client meetings in preparation of personal Investment Policy Statement. Analysis of personal risk profile, development of recommended asset allocation, preparation of IPS document and memorandum, preparation of initial implementation recommendations. Typical range $1,500 to $2,500.
Implementation Assistance –
Assistance in implementation of financial planning action items and communications and meetings with other professionals on matters resulting from our recommendations.
Integrated Financial Planning, P.C. is compensated on a fee-only basis and does not receive commissions or other remuneration from the sale or redemption of securities in your portfolio, from the sale or recommendation of insurance products, or from any source other than directly from you, the client.

Investment Management Services:

Each investment management client is respected for their unique combination of financial resources, financial experience, tolerance toward investment risk, and realistic expectation of investment return. Our process of establishing a thoughtful Investment Policy Statement for each individual client honors these attributes and seeks to build the portfolio around the client, rather than the client around our portfolios.
Our Investment Management Services are built on a proven system that effectively balances risk with return. The cornerstone of this process is alertness to market values based on realistic expectations of current and future profitability.
Our clients benefit from the fact that we advise many other clients who are similarly situated. This provides us with the context which sharpens our sense of discipline and gives us the insight to deal with the emotions experienced when making investment decisions.
We are a fiduciary in our relationship with the client. Our clients' interests always come first.
We are compensated on a fee-only basis. We are not compensated by a broker, insurance company, or any other third party. We work for our client and nobody else.
Backing up our investment management services, we maintain the highest level of expertise and experience in estate planning, tax planning, risk management assessment and insurance, &retirement and education funding. This enables us, with your cooperation, to tailor the management of your investment portfolios to your specific personal financial best interests.
We build relationships with clients which are based on open communication, sharing of thoughts, ideas, dreams, and aspirations. Our communication approach is focused on increasing investor understanding. We are service- oriented rather than sales-oriented.
Our clear and understandable reports enable our clients to readily evaluate the performance of their investment portfolios.
We provide you with the knowledge/comfort/assurance that you are no longer obligated to keep track of what the market did today. Longer term investment results are reasonably predictable and, if your investment time horizon is reasonably long, what happened today is of very little consequence.
We actually perform the services you are paying us for. We do not 'farm out', or 'outsource' or otherwise delegate these important tasks to people you do not know, have never met, and who do not know you and your circumstances.
We price our services competitively and separately such that each service stands alone. You get only what you need and want. You pay for only what you get. We do not overprice our investment management services so that we can pretend to offer other services for 'free'. Our clients are smart enough to know that nothing of value is 'free'.
We prefer to establish investment management relationships only with clients whose assets to be managed are at least $250,000. This provides you with some assurance that we will have time to deal with your needs individually. We meet with our investment management clients at least annually to review not only investment portfolio performance, but also the general state of their financial situation and progress against plan (if planning services have been performed).

Managing the Cost of Your Financial Planning Services:

Integrated Financial Planning, PC charges on an hourly basis for preparation of Financial Plans, preparation of Investment Policy Statements, and for other work not directly related to the supervision of client accounts under our management. We employ this method of calculating the fees since it takes into account the complexity of the individual project and the level of effort required to complete it. We are dedicated to finding and refining methods, procedures, and techniques which will make our work more efficient and effective. As we do, our clients enjoy the savings. It is also possible for our clients themselves to actively participate in the management of costs by following some relatively straightforward procedures:

Come to the initial meeting with a fairly sound and accurate sense of your own factual situation. If at all possible, complete the sections of the Confidential Client Questionnaire that are relevant to your financial situation. Please do your best to accurately summarize your annual consumption spending since this figure is so central to the planning process that, if the information does not currently exist, we must create it as a part of the planning process and this can be very time-consuming.
Bring all materials which are even possibly relevant to the initial meeting. It is much more efficient to weed out extra information than it is to gather the missing information.
If a small business or other unique investment is (or is expected to be) significant to your financial future, bring as much data as possible to help us integrate that into your personal planning. Budgets and long range strategic planning documents are ideal.
Give some advance thought and discussion time to your goals and objectives. Each person should complete the What Do I Want? Questionnaire individually. The time we spend with you in this area is probably more important than any other.
Let us know if you will be unavailable for a period of time after we have had our initial meeting. This allows us to plan the work so that you will be accessible while the planning work is underway.
We find e-mail communication a useful tool in documenting our conversations as well as delivering our services in the most cost-efficient manner. Because of our reliance on this tool, it is important that you advise us if you prefer not to use this form of communication so we can modify our communication methods to fit your needs. If you are amenable to using e-mail as a primary means of contact, please establish a habit of checking your e-mail on a regular basis. If we send a critical e-mail message that is time-sensitive, we will follow up with a phone call alerting you to the message.
Please return our calls and requests for documents promptly. The longer we have to wait for a piece of information, the longer it will take us to refresh our memory as to where we were in the planning process and resume productive work.

Privacy Policy:

Integrated Financial Planning, P.C. (IFP) requires that you provide current and accurate financial and personal information. IFP will protect the information you have provided in a manner that is safe, secure and professional. IFP and its employees are committed to protecting your privacy and to safeguarding that information.

Safeguarding Customer Documents

We collect non-public customer data in checklists, forms, in written notations, and in documentation provided to us by our customers for evaluation, registration, licensing or related consulting services. We also create internal lists of such data.

During regular business hours access to customer records is monitored so that only those with approval may access the files. During hours in which the company is not in operation, the customer records will be locked.

No individual who is not so authorized shall obtain or seek to obtain personal and financial customer information. No individual with authorization to access personal and financial customer information shall share that information in any manner without the specific consent of a firm principal. Failure to observe IFP procedures regarding customer and consumer privacy will result in discipline and may lead to termination.

Sharing Nonpublic Personal and Financial Information

IFP is committed to the protection and privacy of its customers' and consumers' personal and financial information. IFP will not share such information with any affiliated or nonaffiliated third party except:

When necessary to complete a transaction in a customer account, such as with the clearing firm or account custodians;
When required to maintain or service a customer account;
To resolve customer disputes or inquiries;
With persons acting in a fiduciary or representative capacity on behalf of the customer;
With rating agencies, persons assessing compliance with industry standards, or to the attorneys, accountants and auditors of the firm;
In connection with a sale or merger of IFP's business;
To protect against or prevent actual or potential fraud, identity theft, unauthorized transactions, claims or other liability;
To comply with federal, state or local laws, rules and other applicable legal requirements;
In connection with a written agreement to provide investment management or advisory services when the information is released for the sole purpose of providing the products or services covered by the agreement;
In any circumstances with the customer's instruction or consent; or
Pursuant to any other exceptions enumerated in the California Information Privacy Act.

Opt-Out Provisions

It is not a policy of Integrated Financial Planning, P.C. to share nonpublic personal and financial information with affiliated or unaffiliated third parties except under the circumstances noted above. Since sharing under the circumstances noted above is necessary to service customer accounts or is mandated by law, there are no allowances made for clients to opt out.

Should you have any questions regarding the above, please contact Paul A. Lemon, CPA, CFP, President of Integrated Financial Planning, P.C., at 970.259.6739.

Come to the initial meeting with a fairly sound and accurate sense of your own factual situation. If at all possible, complete the sections of the Confidential Client Questionnaire that are relevant to your financial situation. Please do your best to accurately summarize your annual consumption spending since this figure is so central to the planning process that, if the information does not currently exist, we must create it as a part of the planning process and this can be very time-consuming.
Bring all materials which are even possibly relevant to the initial meeting. It is much more efficient to weed out extra information than it is to gather the missing information.
If a small business or other unique investment is (or is expected to be) significant to your financial future, bring as much data as possible to help us integrate that into your personal planning. Budgets and long range strategic planning documents are ideal.
Give some advance thought and discussion time to your goals and objectives. Each person should complete the 'What Do I Want? Questionnaire' individually. The time we spend with you in this area is probably more important than any other.
Let us know if you will be unavailable for a period of time after we have had our initial meeting. This allows us to plan the work so that you will be accessible while the planning work is underway.
We find e-mail communication a useful tool in documenting our conversations as well as delivering our services in the most cost-efficient manner. Because of our reliance on this tool, it is important that you advise us if you prefer not to use this form of communication so we can modify our communication methods to fit your needs. If you are amenable to using e-mail as a primary means of contact, please establish a habit of checking your e-mail on a regular basis. If we send a critical e-mail message that is time-sensitive, we will follow up with a phone call alerting you to the message.
Please return our calls and requests for documents promptly. The longer we have to wait for a piece of information, the longer it will take us to refresh our memory as to where we were in the planning process and resume productive work.