Our Fees
Financial Planning Fee
The comprehensive financial plan fee is calculated based upon the size, complexity, and nature of your personal and financial situation and the amount of time it will take to analyze and summarize the plan to perform the services you desire. For assets we manage on your behalf above $1,500,000, the financial planning fee is included in the investment management fee. See Investment Management below for the fee calculation. For assets below $1,500,000, we charge an additional fee, which is fully disclosed in the Financial Planning Agreement. These separate fees are paid directly via ACH bank transfer or credit card. The fees are fully transparent and are charged on a quarterly basis. There are no hidden sales charges.
investment Management Fee
Portfolio management fee is calculated using the value of the assets in your investment accounts on the last business day of the prior billing period.
| Total Accounts Value | Annual Fee Rate |
|---|---|
| First $1,500,000 | 0.90% |
| Next $1,500,000 | 0.70% |
| Next $200,000 | 0.50% |
The fees 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 resulting in a combined weighted fee. For example, an account valued at $2,300,000 would pay an effective fee of 0.83%, which is calculated as follows:
| Account Value: $2,300,000 | Annual Fee % (per tier) |
Tier Fee Contribution (based on account value within each tier) |
|---|---|---|
| First $1,500,000 | 0.90% | 0.71% |
| Next $800,000 | 0.70% | 0.29% |
| Blended Annual Fee % | 0.83% |
As a point of comparison, the industry average pricing for Portfolio Management is 1% of Assets Under Management (AUM).
If we are managing the assets, advisory fees will be deducted first from any money market funds or cash balances in your accounts. If such assets are insufficient to satisfy payment of such fees, a portion of the account assets will be liquidated to cover the fees. If the assets are held away, our fee will be paid via ACH bank transfer.
No increase in the annual fee shall be effective without agreement from you by signing a new Investment Advisory Agreement or amendment to your current agreement.
You may terminate your agreement without penalty for a full refund of our fees within five business days of signing. Thereafter, you may terminate the agreement generally with 14 days written notice.
Business Consulting Fees
We will discuss the frequency and length of meetings necessary to support you and determine a fee based on our hourly rate of $350 per hour. Fixed business consulting fees are paid monthly / quarterly in advance via ACH bank transfer or credit card.
Money Coaching Fees
The fixed fee is $1250 for an individual and $1950 for a couple. Payment is required in full to begin the initial engagement via ACH bank transfer or credit card.
