What does it cost?
Transparent pricing
Know what you pay
No Surprises
Explained and agreed upon in writing
Full access
No “nickel and dime” charges
It’s important to us that you know exactly what you pay so there are no unexpected or unexplained costs. It’s also important that you know this before making any decisions so that you can do so confidently.
Our primary goal is to make sure you clarify, work towards, and achieve your financial goals. With that in mind, we will design a diversified investment and risk management strategy built within our planning process. We are always looking for the most cost efficient, high value ways to deliver our planning experience.
You will pay some or all of these costs to work with us depending on the scope of our relationship. We fully disclose all of this here on the website, throughout the planning process, and the entire time we work together. When in doubt, just ask, we are happy to discuss costs and fees.
Our Costs
Cost #1
Basic 1-3 page financial overview (click here for details)
$500 (one-time cost)
Cost #2
More-Than-Basic-Plan and implementation (click here for details)
$2000 (one-time cost)
Cost #3
Investment Management Costs (ie, Assets Under Management/AUM fees)
Based on the financial plan that we build together, we may decide on an investment strategy that we manage for you.
We hire and use various money managers and charge ongoing costs based on your account balance.
These costs are deducted directly from the accounts that we manage (ie, you don’t pay these to us directly) and we are always monitoring the market to make sure we are using the most cost effective solutions.
Cost #4
If your plan calls for additional life insurance and/or an annuity product, we get paid commissions on that transaction. This can vary widely depending on the type of insurance/annuity and the issuing company, so it’s not possible to disclose an accurate fee here.
But in our written plan, we always disclose the exact amount of commission – in percentages and dollar amount – that we will earn for any insurance transaction.
**Conflicts of interest
There is no such thing as having “no conflicts of interest” or “conflict-free planning”, the best we can do is to be as transparent as possible. We get paid to help you navigate your financial goals. We get paid on the decisions you make about your money, and there are built in conflicts of interest no matter the fee structure– its as simple as that.
We can never be “conflict free” but we can always be 100% transparent. So whether its disclosing our hourly planning fee, a one-time planning fee, an ongoing asset management fee, or a commission on a financial product we recommend, we will ALWAYS disclose that information well in advance of asking you to make a decision. We will also remind you of any costs/fees on an ongoing basis so that we’re always accountable.
Our planning agreement and asset management agreement is always “walk away”, meaning that you can leave at any time with no back end fees or charges, and especially no hard feelings. We want you be happy with our service and realize the true value of our planning. If at any time you are not happy or you do not see our value, you are free to go with our best wishes.
| Below is the cost schedule: | |
|---|---|
| $0 - $1m | 1.15% |
| $1m - $2.5m | 0.85% |
| $2.5m + | 0.5% |
| Sample Cost to Become a client….. |
|---|
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We chat and you decide that you’d like a basic financial overview. We have 2 meetings and you get a written plan for $500 You then decide to hire us to implement and manage the plan. We have another meeting to start on this. Your cost is $2000 You also want us to manage a few investment accounts, total value of around $250,0000. Our AUM cost is 1.15% on this for a total of $2875 (this is deducted quarterly from your account, you don’t pay us directly) Your year 1 total cost is $5375 for the plan, implementation, and investment management fee. After the first year, your only cost is the AUM fee. |