About Connemara Family Office Management
Thomas B. Conway, J.D., CFP®, AIF®, is a Washington, DC Fee-Only Financial Planner serving the entire District of Columbia Metropolitan Region. He is President and Founder of Connemara Fee Only Planning, LLC, a firm specializing in providing objective financial planning to help clients build, manage, grow, and protect their assets through life's transitions. Tom is a NAPFA-Registered Financial Advisor and a CERTIFIED FINANCIAL PLANNER™ Professional. He is also a fi360 Accredited Investment Fiduciary (AIF®) and member of the nationwide Garrett Planning Network. Connemara Fee Only Planning, LLC is a strictly fee-only financial planning and registered investment advisory firm with locations in Rockville, MD, Washington, DC (Reagan Building/ITC), and Arlington, VA.
Tom is also President and Founder of Connemara Family Office Management, LLC, a firm providing outsourced family office administrative and investment review services to a select number of ultra-high-net-worth families. He is an attorney licensed to practice law in Maryland and the District of Columbia. He is a member of the American Bar Association (ABA), International Bar Association (IBA), and the Maryland and District of Columbia Bar Associations. He is Of Counsel to Altman & Associates, a boutique estate planning, legacy, and business succession planning law firm.
In working with clients, Tom brings to bear more than a decade of experience as a full-time practicing attorney in active trial practice followed by additional decade of experience in private banking and brokerage. His multi-disciplinary planning practice is strictly fee-only and is limited exclusively to providing personal financial planning and investment advice and consulting services. The firm does not manage money and has no minimum assets under management (AUM) requirement. The practice is unlike many Washington, DC fee-based financial planning firms where compensation may include commissions or incentive payments. Connemara is also unlike most fee-only financial planning firms in Washington, DC, Montgomery County, Maryland and Northern Virginia in that it does not set recurring fee or AUM minimums. Clients include affluent young and mid-career professionals; executives in the private, public, and not-for-profit sectors; and Federal as well as private pre-retirees and retirees. Clients receive unbiased, comprehensive financial planning and professional investment reviews. They also receive general as well as specific planning and investment recommendations which they can then implement directly themselves or through chosen investment advisors. Initial reviews are followed by periodic assessments on an as-needed basis.
Rather than charging ongoing fees based upon a percentage of AUM, the firm charges a flat, fixed fee for its initial services and thereafter bills by the hour up to an agreed maximum. Fees for most Initial Comprehensive Planning and Investment Reviews typically range from $1,995-$2,495 for individuals and $2,495-$2,995 for couples. Subsequent Annual Reviews are conducted on a semi-annual, annual or bi-annual basis at an hourly rate of $180/hr. for Planner time and $60/hr. for Paraplanner time. Such reviews generally cost $795-$995.
