How much money should I expect to spend on these services?
We believe that what clients really need is a financial advocate and feel this type of relationship can only happen with an independent fee planner. This removes any influence of a bank, brokerage house or insurance company whose interests may not be in line with the client interests. It also allows the planner to be open and unbiased about when it's appropriate to use or not use certain products — without regard for commissions. In our relationships, we have two different types of compensation depending on the type of relationship you desire.
- Managed assets — We charge percentages ranging from 0.25% to 1.50% per year of investments that we manage for you. It is non-discretionary; we work together.
- Hourly — Our hourly rates range from $40 to $120, depending on the task. This method is most appropriate if you like to do most things on your own or you would just like some occasional help or recommendations on specific issues.
- Wealth Management Services — This service is an add-on option to our Investment Management Service and is charged at an annual rate of 0.1% on top of your regular investment management fee.
Our fee model allows us to be as objective as possible on your overall financial picture, while also allowing us to spend the appropriate amount of resources and energy on investment management.
