We are committed to fee transparency and our clients’ best interests. As a result, we have determined that the best way to build trust and accommodate our clients’ multiple needs is to offer pricing flexibility. This allows our clients to choose the options that best fit their particular situations.
We charge the following types of fees, which clients may elect based on the services provided:
Fixed financial planning Assets under management
Hourly or fixed for specific projects (performance based management)
Financial Planning Fees
Our fee for financial planning services generally ranges between $2,000 and $3,000 and includes an investment policy statement. If purchased separately, the investment policy statement is $750. The cost of the financial planning fee depends on the scope and complexity of the services provided and is negotiable. Half of our fee for the initial written investment policy or financial plan is due upon execution of a written agreement, with the remainder due upon completion of the initial plan. Additional engagements or revisions to the financial plan re billed at an hourly rate of $250. Before beginning any additional work, we provide a time estimate and secure our clients’ approval.
Assets Under Management Fees
For asset management services, we charge an annual fee based on the market value of clients’ assets under our management. The majority of our clients base our fee on a percentage of assets under management or advisement according to the following fee schedule:
Assets Under Management Annual Fee**
|Next $5,000,000||(+) 0.25%|
In very specific situations that call for an unknown amount of time or that are limited in scope, we may charge negotiable hourly fees at $250 per hour to be billed no less than quarterly or as services are provided. Should the written advisory agreement for these services be terminated, clients are provided a refund of any portion of the hourly fee paid that we have not earned.
In limited circumstances, for “qualified clients” (those whose net worth is greater than $2,100,000 or for whom we manage at least $1,000,000 immediately after an agreement for our services is entered), we may charge performance-based fees with respect to alternative investments we may recommend to clients. Performance-based fees are determined on a case-by-case and client-by-client basis.