Our fee for portfolio management services is based on a percentage of the assets in your account and is set forth in the following annual fee schedule. Please note that certain legacy clients may be billed under a different fee schedule.
Our annual portfolio management fee is billed and payable, quarterly in advance, based on the client account balance at end of billing period. Assets in each of your account(s) are included in the fee assessment unless specifically identified in writing for exclusion and accepted by the firm. If the portfolio management agreement is executed at any time other than the first day of a calendar quarter, our fees will apply on a pro rata basis, which means that the advisory fee is payable in proportion to the number of days in the quarter for which you are a client. Our advisory fee is negotiable, depending on individual client circumstances.
At our discretion, we may combine the account values of family members living in the same household to determine the applicable advisory fee. For example, we may combine account values for you and your minor children, joint accounts with your spouse, and other types of related accounts. Combining account values may increase the asset total, which may result in your paying a reduced advisory fee based on the available breakpoints in our fee schedule stated above.
We will deduct our fee directly from your account through the qualified custodian holding your funds and securities. We will deduct our advisory fee only when the following requirements are met:
We will also make available to you invoices reflecting the amount of the advisory fee deducted from your account. Invoices are available through our client portal. We encourage you to reconcile our invoices with the statement(s) you receive from the qualified custodian. If you find any inconsistent information between our invoice and the statement(s) you receive from the qualified custodian call our main office number located on the cover page of this brochure.
You may terminate the portfolio management agreement upon written notice. You will incur a pro rata charge for services rendered prior to the termination of the portfolio management agreement, which means you will incur advisory fees only in proportion to the number of days in the quarter for which you are a client. If you have pre-paid advisory fees that we have not yet earned, you will receive a prorated refund of those fees.
We charge an hourly or fixed fee for stand-alone and ongoing financial planning and consulting services. For stand-alone financial planning and consulting services we charge a fixed fee that ranges between $150 – $500 and our hourly fee is $250, which is negotiable depending on the scope and complexity of the services rendered. An initial retainer fee will be required at the inception of the advisory services as agreed to in the financial planning and consulting agreement. An estimate of the total time/cost will be determined at the start of the advisory relationship. In limited circumstances, the cost/time could potentially exceed the initial estimate. In such cases, we will notify you and request that you approve the additional fee. The advisory fees for financial planning and consulting services are billed as agreed to in the financial planning and consulting agreement and payable via a check or through various payment options available through AdvicePay, as described below.
For ongoing financial planning and consulting services our fixed fee is $105 per month which is billed in advance through AdvicePay. We require a $250 retainer at the onset of the engagement. The retainer is applied to the first two months of the ongoing fixed fee. Your first fixed monthly fee starts the third month of service. Our fees are negotiable depending on the scope and complexity of the plan, your situation, and your financial objectives.
Payment of financial planning and consulting fees is payable via check or processed through a company named AdvicePay. AdvicePay offers billing services to credit cards, debit cards or checking accounts without our firm accepting custody of client funds. This service will enhance the opportunity for both project based and ongoing financial planning and consulting services with electronic payment processing. Ongoing financial planning and consulting services automatically renew annually based on the execution date of the financial planning and consulting agreement, unless cancelled by written notice prior to that date. You will be required to establish an account directly with AdvicePay.
You may terminate the financial planning and consulting agreement upon written notice to our firm. If you have pre-paid financial planning and consulting fees that we have not yet earned, you will receive a prorated refund of those fees. If financial planning and consulting fees are payable in arrears, you will be responsible for a prorated fee based on services performed prior to termination of the financial planning and consulting agreement.
