Most thoughtful people consider spending 1% to 2% of their money to optimize the remaining 98% to 99% a very smart use of their capital.
There is an initial planning fee for creating your comprehensive financial roadmap. This is typically around $3,800 and can be a little lower or a little higher depending on complexity. We specifically discuss and mutually agree upon all fees before starting our engagement.
There is a monthly retainer fee (typically $190) for plan implementation, on-going advice, and investment consultation for outside investments (e.g., 401(k) and 529 accounts, etc.).
For any of your portfolios that we directly manage, there is an annual fee of 1.5% of assets under management for the first $1 million; 1.0% for the next $1 million, and 0.5% for >$2 million. A quarter of this fee is debited from your investment account in advance on a quarterly basis.
Our compensation only comes from your fees, not from commissions or referrals, so you can be certain that our advice is always objective and always in your best interest.
In the wealth management “fun house,” how can you find somebody who will really work on your behalf? In other words, how can you find a real financial advisor?