We are compensated solely by fees paid by our clients; we receive no other compensation from any other source. We charge separate fees for financial planning and investment advisory services.
Investment Advisory Fees
The investment advisory fee is based on the fee schedule below, subject to a minimum annual investment advisory fee of $9,000. The minimum is waived, however, for the first six months of a financial planning engagement.
Our annual investment advisory fee schedule for assets under management is as follows:
Portion of assets up to $1,000,000 .90% Portion of assets between $1,000,000 and $10,000,000 .50% Portion of assets in excess of $10,000,000 .25%
As an example: For $3,000,000 under management, the annual fee calculation would be:
First $1,000,000 × .009 $9,000 Next $2,000,000 × .005 $10,000 Total Annual Investment Advisory Fee $19,000
Financial Planning Fees
The financial planning fee is based on the complexity of your situation and will be determined in advance of the engagement. Annual financial plan update fees are typically 40% of the initial financial planning fee.