Comprehensive financial planning is generally for someone looking to hire a financial advisor to work with on an ongoing basis. Hourly is generally for someone looking for a one off project. As a client, you choose one fee structure and you do NOT pay both.
Comprehensive Financial Planning
Comprehensive Financial Planning consists of an ongoing fee that is paid monthly, in arrears, at the rate of $50 - $500 per month based on complexity and needs of the client. The fee may be negotiable in certain cases. Fees for this service may be paid by electronic funds transfer or check. This service may be terminated with 30 days’ notice. Since fees are paid in arrears, no rebate will be needed upon termination of the agreement.
Financial Planning Hourly Fee
Hourly Financial Planning fee is offered at an hourly rate of $250. The fee may be negotiable in certain cases and is due at the completion of the engagement. In the event of early termination by the client, any fees for the hours already worked will be due. Fees for this service may be paid by electronic funds transfer or check. Since fees are paid in arrears, no rebate will be needed upon termination of the engagement.
Investment Advisory Services
Our standard advisory fee is based on the market value of the assets under management and is calculated as follows:
The annual fees are negotiable and are pro-rated and paid in arrears on a monthly basis. The advisory fee is a blended fee and is calculated by assessing the percentage rates using the predefined levels of assets as shown in the above chart and applying the fee to the account value as of the last business day of the month resulting in a combined weighted fee. For example, an account valued at $500,000 would pay an effective fee of 0.77% with the annual fee of $3,850. The monthly fee is determined by the following calculation: (($100,000 x 0.95%) + ($150,000 x 0.85%) + ($250,000 x 0.65)) ÷ 12 = $320.83 No increase in the annual fee shall be effective without agreement from the client by signing a new agreement or amendment to their current advisory agreement.
Advisory fees are directly debited from client accounts, or the client may choose to pay by check. Accounts initiated or terminated during a calendar quarter will be charged a pro-rated fee based on the amount of time remaining in the billing period. An account may be terminated with written notice at least 30 calendar days in advance. Since fees are paid in arrears, no rebate will be needed upon termination of the account.
$0 - $100,000
$100,001 - $250,000
$250,001 - $500,000
$500,001 - $1,000,000
$1,000,001 and Above
Annual Advisory Fee