Who is a typical Hive Retirement client?
- A typical Hive Retirement client is over 50 years old and is considering (or is already in) retirement.
- You are a diligent saver and have Investible Assets between $2mm and up to $10mm.
How much do I owe if I decide to not move forward after the Free Retirement Assessment? What's the catch?
There is no charge if you decide to not move forward after our Free Retirement Assessment. Zero.
The big request is we ask is that you are already of the mindset that you intend on hiring a financial planner, even if you wind up choosing another firm. We are not going through this process to "sell you" that you need a financial planner. The Free Assessment is a great opportunity to demonstrate the value we provide versus other firms, plus it gives us both a good sense of working together so there are no surprises.
And if you are not ready to hire a financial planner, we would still be happy to meet to answer any questions you may have. We understand it's a big commitment.
What Is a CERTIFIED FINANCIAL PLANNING™ Professional?
The CFP® designation is a formal recognition of expertise in the areas of financial planning, taxes, insurance, estate planning, and retirement saving. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with Clients.
What Is a Retirement Income Certified Professional (RICP)?
The RICP® designation refers to a financial professional who specializes in retirement income planning. Once qualified, RICPs advise retirees and near-retirees as to the best way to use the assets they have accumulated for retirement to live comfortably within a realistic budget and not run out of money prematurely. The RICP is designed for financial professionals who already have a broad-based financial planning credential, such as a CFP® or whose businesses already emphasize retirement income planning.
What Is a Tax Planning Certified Professional (TPCP)?
The TPCP™ designation refers to a financial professional with comprehensive training in tax planning strategies for individuals and business owners across their lifespan, including Accumulation, Retirement/Decumulation, and End of Life tax planning.
Unlike certifications focused solely on tax compliance, the TPCP™ designation emphasizes a holistic approach to tax-informed financial planning over a long-term horizon, aiming to minimize clients' tax burdens and maximize their income by navigating complex tax situations and employing tailored strategies.
If I sign on as a client, do you require that you manage my money?
No. Hive Retirement offers, but does not require, Investment Management Services for Clients. It's your decision. Clients that manage their own investments pay a flat fee for Financial Planning.
Clients that include Investment Management services pay a fee based on a percentage of assets under management (subject to a minimum fee), and the Financial Planning fee is waived. Pricing breakpoints are provided for larger portfolios. We will build a portfolio with low cost funds based on how you feel about investing. As the markets move we will adjust your holdings so they remain at your intended percentages.
What is a “Fee-Only” Financial Planner? And what is a Fiduciary?
Hive Retirement is a Fee-Only Financial Planner where we receive a fee for planning services in lieu of traditional commissions. The benefits of Fee-only include transparency, no hidden charges, and no conflicts of interest to sell a product such as Annuities or Life Insurance.
At all times when providing Financial Advice to a Client, a CFP® professional must act as a fiduciary, and therefore, act in the best interests of the Client.
What is your cancellation policy?
Investment Management services and Ongoing Financial Planning can be cancelled with at least 30 calendar days in advance. We'll credit you for the current quarter.