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© 2019 by Recker Financial LLC.

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The information on this site is provided “AS IS” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, Recker Financial LLC (referred to as "Recker Financial") disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement and suitability for a particular purpose. Recker Financial does not warrant that the information will be free from error. None of the information provided on this website is intended as investment, tax, accounting or legal advice,  as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. Under no circumstances shall Recker Financial be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if Recker Financial or a Recker Financial authorized representative has been advised of the possibility of such damages. In no event shall Recker Financial LLC have any liability to you for damages, losses and causes of action for accessing this site. Information on this website should not be considered a solicitation to buy, an offer to sell, or a recommendation of any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.

Recker Financial LLC (“Recker Financial”) is a registered investment adviser offering advisory services in the State(s) of Michigan and in other jurisdictions where exempted.  Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by Recker Financial in the rendering of personalized investment advice for compensation shall not be made without our first complying with jurisdiction requirements or pursuant an applicable state exemption.

All written content on this site is for information purposes only. Opinions expressed herein are solely those of Recker Financial, unless otherwise specifically cited.  Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

Cost

 

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 quarterly 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 quarter resulting in a combined weighted fee. For example, an account valued at $500,000 would pay an effective fee of 0.86% with the annual fee of $3,425. The quarterly fee is determined by the following calculation: (($100,000 x 0.75%) + ($150,000 x 0.70%) + ($250,000 x 0.65)) ÷ 4 = $856.25 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.

Account Value

$0 - $100,000

$100,001 - $250,000

$250,001 - $500,000

$500,001 - $1,000,000

$1,000,001 and Above

Annual Advisory Fee

0.75%

0.70%

0.65%

0.60%

0.50%