Packages Tailored to Your Needs
1
Choose the Financial Plan That's Right for You
Choose between our Comprehensive Plan, which offers a thorough evaluation and a detailed financial roadmap, or the Quick-Start Plan, designed for those who prefer a self-directed approach with essential guidance from a financial professional. If needed, you can also add an Estate Plan as an add-on service.
2
Determine Your Ongoing Servicing Needs
Opt for Proactive Planning if you prefer regular, hands-on support with frequent check-ins and adjustments to your financial strategy. Alternatively, choose Maintenance Planning for periodic reviews and updates, ideal for those who prefer less frequent (but still essential) financial oversight.
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Review and Adjust as Your Needs Evolve
Each year, we’ll reevaluate your financial plan and adjust your service tier to ensure it continues to meet your changing needs. Whether your circumstances shift due to life events, new goals, or changes in the financial landscape, we’ll work together to refine your plan and ensure it remains aligned with your long-term objectives.
Our Financial Planning Packages
Which Package Is Right for You?
Our aim is to enhance your life's financial journey, regardless of your current situation. We believe in tailoring our services to your needs, ensuring that we find the right level of support for you. Your financial success is our priority, and together we can determine the service tier that best suits your goals and aspirations.
* Trust and will services available through our trusted partner as an add-on service
Service | Quick Start Plan | Comprehensive Plan |
|---|---|---|
Money Mindset Assessment | Yes | Yes |
Budget Analysis | Yes | Yes |
Smart Debt Strategy | Yes | Yes |
Savings Plan | Yes | Yes |
Retirement Planning | Yes | |
Investment Planning | Yes | |
Insurance Analysis | Yes | |
Education Savings Plan | Yes | |
Tax Optimization | Yes | |
Legacy & Estate Planning | Yes* |
Ongoing Services
At the heart of our ongoing services is a commitment to partnership in your financial journey. We believe in building enduring professional relationships, where we work together to navigate each season of your life. Our tailored approach ensures that as your financial situation evolves, we’re right beside you, providing continuous support and expert guidance. By staying engaged and responsive, we help you adapt to changes, make informed decisions, and achieve your long-term financial goals with confidence.
Proactive Planning
Starting at $5000/yr
For those who wish for dedicated attention from our planning team. We actively strategize to capitalize on financial opportunities and ensure your path forward is clear, empowering you to maintain full control over your financial situation. Includes:
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Quarterly strategy meetings
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Unlimited financial advice via phone, email, or text
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Access to financial planning software and other financial tools
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Annual personal tax preparation
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Health plan review and recommendations
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Strategic and systematic focus on Proactive Financial Planning Services (detailed below)
Maintenance Planning
$2000/yr
Essential ongoing support for clients who prefer a more affordable option. While less strategic than the Proactive package, it ensures that your established financial plan is periodically adjusted to remain relevant and effective, offering peace of mind as your needs evolve. Includes:
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Annual financial review
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Unlimited financial advice via phone, email, or text
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Access to financial planning software
Hourly Financial Advice
$200/hr (90-minute min.)
For those who prefer flexible and timely financial advice with less long-term commitment, we offer financial planning services for an hourly rate. This option is perfect for clients who need specific guidance or have occasional questions without committing to an ongoing service plan.
Proactive Financial Planning Services for Pastors
At Heartwood, we take a partnership approach to financial planning, offering a comprehensive suite of services included in our Proactive Planning tier. Designed to meet the unique financial needs of pastors and ministers, these services cover everything from housing allowance reviews to retirement and tax planning. We collaborate closely with each client to prioritize which areas are most critical in a given year, ensuring a personalized and strategic focus. Our goal is to provide tailored, holistic solutions under one roof, aligning with your financial aspirations and supporting the goals of your ministry.
Housing Allowance Review
Our Housing Allowance Review service ensures that you, as a pastor or minister, are maximizing the benefits available to you through your housing allowance. We help you track and document all relevant expenses thoroughly, ensuring compliance and efficiency. We also assist you in effectively communicating your housing needs to your church board, facilitating a transparent and supportive dialogue. This comprehensive approach not only optimizes your current allowance but also prepares you for future financial stability, reflecting the unique aspects of your ministry lifestyle.
Tax Planning & Preparation
Tax planning for ministers involves navigating a complex landscape of unique tax benefits and obligations. Our service is designed to assess your specific tax situation, aiming to minimize self-employment taxes and maximize your overall tax benefits. We assist with creating a tailored schedule for Roth conversions, organize systems for tracking and reporting housing and ministry-related expenses, and provide guidance on how to communicate effectively with your church board to optimize your compensation structure. We can also offer comprehensive tax return preparation services, ensuring that your returns are accurate and fully compliant with all relevant tax laws. This comprehensive strategy ensures that you are not only compliant but also taking full advantage of the tax benefits available to you.
Retirement Planning
Retirement planning for ministers requires special consideration of Social Security and church-specific retirement plans. Whether you are paying self-employment tax or have opted out of Social Security, we help you understand how to leverage or replace these benefits effectively. We ensure your church's retirement plan is structured to allow you to take your housing allowance in retirement and provide assistance in presenting these solutions to your board if adjustments are needed. Our goal is to secure your financial future while respecting your unique relationship with Social Security and church provisions.
Budget Review & Cash Flow Analysis
Our Budget Review and Cash Flow Analysis service provides a thorough assessment of your spending habits, identifying opportunities to reduce expenses without compromising your lifestyle. We work with you to create a balanced budget that aligns with your financial goals and pastoral responsibilities. By optimizing your cash flow, we help you achieve greater financial stability and peace of mind, allowing you to focus on your ministry with confidence.
Smart Debt Strategy
Debt management is crucial for maintaining financial health. Our Smart Debt Strategy service offers personalized advice and creates a plan to tackle your debt effectively. We assess your current debt situation, prioritize payments, and recommend strategies to reduce interest and eliminate debt systematically. This proactive approach not only helps you become debt-free but also supports your long-term financial well-being, empowering you to serve your congregation without the burden of financial stress.
Investment Planning & Wealth Management
Investment planning and wealth management for ministers require a tailored approach that considers your unique risk tolerance and values. We assess your attitude towards investing and recommend a diversified portfolio that aligns with your financial goals and ethical considerations. Our ongoing management ensures your investments remain aligned with market conditions and your evolving financial situation, providing you with confidence and stability in your financial future.
Health Care Planning
Our health care planning services provide comprehensive support to help you navigate the complexities of health care coverage. We assist in comparing health insurance options, Medicare supplements, long-term care plans, and Health Savings Accounts (HSAs), ensuring you find the most suitable and cost-effective solutions for your needs. Additionally, we help you evaluate coverage for potential future needs, like long-term care or disability, and guide you through the enrollment process.
Estate & Legacy Planning
Estate and legacy planning are essential for providing for your family and supporting your favorite charities. Our service includes assistance with creating living trusts, charitable remainder trusts, and other estate planning tools. We help you develop a comprehensive plan that ensures your assets are distributed according to your wishes, providing for your loved ones and supporting causes that are important to you. This planning not only secures your legacy but also reflects the values and mission of your ministry.
Charitable Giving Plan
Ministers are often exceptionally generous, and our Charitable Giving Plan service helps you give in the most tax-effective way. We provide guidance on both lifetime and testamentary charitable giving, ensuring your donations maximize tax benefits and reflect your philanthropic goals. Whether you are making direct contributions, setting up donor advised funds (DAFs), or planning bequests, we help you create a giving strategy that aligns with your financial situation and enhances your impact.
Education & Minor Savings Plan
Saving for education expenses or gifts to minors requires a strategic approach to leverage tax advantages and compound returns. Our Education and Minor Savings Plan service helps you establish and manage your goals for generational giving, such as 529 plans or custodial accounts, tailored to your financial goals and the needs of your beneficiaries.
Insurance Review
An Insurance Review is crucial to ensuring you have adequate protection for your unique situation. We review your current insurance coverage, including homeowners, auto, disability, long-term care insurance, and more. Based on a comprehensive assessment of your needs and risks, we suggest adjustments or additions to your policies to guide you towards the right coverage to protect yourself and your family, giving you peace of mind as you focus on your ministry.
Advisory Services and Fees
In addition to comprehensive financial planning, we offer advisory and asset management services to clients who are actively engaged in an ongoing planning arrangement. Our advisory fee structure is designed to be transparent and competitive, with fees set at 1.25% for the first $1 million in assets, 1% for assets up to $3 million, and 0.65% for assets above that threshold.
To ensure that your overall costs remain manageable, advisory fees can offset your planning fees. For assets we directly manage, every dollar of advisory fees will reduce your planning fees by the same amount. For assets in employer-sponsored retirement plans that we manage, advisory fees will offset your planning fees at a rate of 50 cents on the dollar. This structure allows us to provide ongoing, personalized financial guidance while aligning your costs with the services you receive.
Get in Touch
​If you're seeking tailored financial planning services, we invite you to schedule a consultation with our experienced team. We would love the opportunity to meet and discover how we can best be of service to you. We look forward to seeing you!
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