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Managed Assets
We want to make sure this is as transparent as possible. If we could do this at no cost, we would. Unfortunately, to live revolves around having money to experience life. This is why we have decided to have a limit or a cap on how much our annual services would cost you.
We want to change how you view money so that way it can become a means to make memories, instead of something you worry over at night.
Financial Planning
Including Asset Management
Planning
Support
Resources
The 7 Step Financial Planning Process
Employee Benefits Guide
Lifecycle Changes
Ex: Job Change, Marriage, Divorce, First/Last Paycheck
Two Planning Reviews per year
On-demand support
Connections to other experts in their field
Budgeting Tool
Monitoring & Progression towards goals
Approaching Retirement?
Ongoing services may fit you best if
You prefer to delegate
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You would like help navigating life events as they come up
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You want to spend less time managing the day-to-day of your finances
Non-Managed Assets
We want to provide as many possibilities of working together as can be. This is a big part of why we wanted to go independent is to provide a solution from getting your first paycheck all the way to passing it down to your heirs and anything in-between. ​​
Financial Planning
Gift Giving
Financial Wellness
Other Topics
Don't need help with management of assets, but stuggle with financial roadblocks?
Feel as if advisor fees are too high?
This offering is completed on a "Project Base", meaning we establish what is the pain point and come to an agreement on pay and time for us to deliver. It can relate to the above or something else completely. Please don't be afraid to ask if this is something that we do.
Fee Breakdown
We want to make sure this is as transparent as possible. If we could do this at no cost, we would. Unfortunately that is now how the world works. This is why we have decided to have a limit or a cap on how much our annual services would cost you. This is $20,000 for individuals or families. It includes projects based plans as well. In the future this could move depending on inflation. If we ever do decide to move this number it will be out of necessity rather than for our benefit.
We want to change how you view money so that way it can become a means to make memories, instead of something you worry over at night.
Blended Tier Fee Structure
Assets Under Management | Annual Advisory Fee |
|---|---|
$0-$500,000 | 1.00% |
$500,001 - $1,000,000 | 0.90% |
$1,000,001 and Above | 0.80% |
What this means is the first $500,000 will be paid at 1.00%, then the next $500,000 will be at 0.90% and anything more will be assessed at 0.80% until you reach $20,000 for an annual fee. This fee is paid monthly in arrears.
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Example: If I were to manage a clients portfolio at $1,500,000 then my fee would be:
$500,000 x 0.01 = $5,000
$500,000 x 0.009= $4,500
$500,000 x 0.008 = $4,000
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Total Annual Fee = $13,500 at an average of 0.90%(bps)
Total Monthly Fee = $13,500/12 = $1,125
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Threshold for no further fees is approximately $2,300,000+
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This is applicable for managed assets
Project-Based Financial Planning Fee Structure
This offering caters more the individual or family that does not want to delegate the management or for those who need specific help at a reasonable cost. The cost will vary depending on complexity or number of projects, we will help assess what that looks like in our first conversation.
Fixed Fee
Hourly Fee
$2,000 - $20,000
$500
Example #1: A prospective client needs assistance with college planning for their young child. After our first conversation it's identified that their needs are relatively simple. I would advise them to go the "Hourly Fee" route as it would be much cheaper than the "Fixed Fee" route.
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Example #2: A prospective client needs assistance with their cash flow and budget needs for retirement. After our first conversation it's identified that this is going to be complex and involve more of my time. I would advise them to go with the "Fixed Fee" route for a better price.
Upfront Fee
We do charge an upfront fee of $0 - $500 for either the Managed Assets or Project-Based Financial planning.
Closing Thoughts
Thank you for taking the time to view this page in it's entirety. Being transparent is very important to us, we're not here to surprise you. We're not here to be unfairly compensated for the work we are putting in. We believe these are fair numbers, but if you ever have a question or want clarity please don't hesitate to ask. Our main objective is to try and make a positive impact on your relationship with money.