Morrill Financial Services logo

Financial planning services provided by Horizon Financial, Click Here.
How to choose a financial planner, Click Here.
About Morrill Financial Services, Scituate, MA, Click Here.
Financial planning client types, Click Here.
Contact Morrill Financial Services for your financial planning needs, Click Here.
Morrill Financial Services home page, Click Here.


Our Services

Comprehensive financial planning:

Our goal is to provide a comprehensive plan covering all aspects applicable to your financial situation.  It would include as many of the following that are applicable.
  • Retirement planning - establishing goals, implementing a savings plan, and  determining distribution alternatives
  • Education planning – determining amounts needed and the timing, identify funding sources and implement savings plan
  • Life special events planning – identify events or goals you wish to achieve, estimate funding and implement savings plan
  • Assets and income protection review – determine insurance needs for health, disability, home, auto, life and liability by identifying areas of risk and potential financial loss
  • Care plan for loved ones – Consider costs of long term health care for yourself and family members and implement a funding plan
  • Investment plan – Develop personalized investment strategy and construct a portfolio with an asset allocation customized to your risk profile
  • Estate plan – Determine how you wish to distribute your assets and structure a plan to accomplish your wishes. Use of wills and trusts may be beneficial.
  • Tax Planning – Structure each area of the financial plan to take advantage of tax efficient strategies
  • Budgeting – Review income and expenses and structure customized solution

Investment Management

As a registered investment advisor, MFS provides investment advice and asset management services.  If you wish to handle your own investments, but want guidance in putting together a portfolio or asset allocation, we can assist you with that.  Or if you want someone to manage your assets, full investment management services are provided.

  • Investment philosophy  
    • Building wealth requires a long-term vision to investing.  In the short term, markets are unpredictable. 
    • Owning companies (equities) is preferred over lending to them (bonds). Since 1926, equities have outperformed bonds 2 to 1.
    • Diversification among various asset classes reduces risk and fluctuation in portfolio returns.
    • A global allocation enables you to capture returns in growing economies worldwide.
  •  Recommended approach
    • Use no load mutual funds and exchange traded funds to invest in multiple asset classes and take advantage of professional asset management at low cost.
    • Monitor fund performance and rebalance quarterly as needed. 
  • Custody of assets
    • All accounts are held in your name at the custodian of your choice.  MFS recommends Shareholders Service Group as custodian if you have no preference.

Fees

  • Financial Planning
    Hourly basis @ $125/hour or
    Negotiated fixed fee based on complexity and timeframe for planning
  • Asset Management
    .55% per year on assets of $2 million or less
    .45% for assets $2,000,001 to $10,000,000
    Negotiable on assets exceeding $10 million
    $2,000 minimum annual fee
  • Service agreement is required with $500 due at signing.