Fees and Services
Comprehensive Financial Planning Only
We find that a long-term relationship best suits the financial planning process and charge annually for our financial planning services. The fee for Comprehensive Financial Planning is a flat annual retainer fee that depends on the complexity of your situation. The written plan includes your goals, cash flow and retirement projections, asset allocation, and an overview of your insurance, estate planning, mortgage and income tax needs, with a list of recommendations in each area. The process to complete the written plan takes two to three meetings and is generally completed in four to six weeks. One half of the fee is due when the contract is signed and the remainder is due when the plan is delivered. The fee also includes a mid-year review for tax planning purposes and ongoing access to us during the year. If you wish to retain us in future years as your financial advisor a new fee will be due on the twelve month anniversary date.
Investment Management plus Comprehensive Financial Planning
We believe that investment management and financial planning are closely related and it is necessary to start with a plan to get the best result for you. The fee for the Comprehensive Financial Plan will be a one-time fee based on the complexity of your situation and includes the services described in the above paragraph. Fees for investment management are based upon the assets under management and are charged quarterly in advance according to the following schedule:
The amount up to $250,000 ....................1.00%
The portion from $250,001 to $500,000................... .75%
The portion from $500,001 to $1,500,000.................... .50%
The portion from $1,500,000 to $3,000,000.................... .25%
$3,000,000 and up................... .10%
Minimum annual fee is $2500.00
The process of investment management will begin with the creation of a customized investment policy statement tailored to your unique circumstances followed by:
- Recommendation of the an appropriate asset allocation for your risk tolerance and time horizon
- Recommendation of specific investments for your accounts
- Assisting in the transfer of your accounts to a consolidated portfolio
- Purchase and sale of investments as needed and as agreed upon by you
- Monitoring of your portfolio on a regular basis
- Preparation of year-end tax statements for taxable accounts as needed
- Rebalancing your portfolio to remain consistent with your asset allocation
- Discussion of relevant investment issues as needed or as requested by you
- Provision of the professional discipline needed during difficult market conditions
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