Broker Check

Flexible Fee Schedule

The Client Selects the Most Attractive Fee Schedule


HOURLY FEES.
  Consultations and special projects are billed at the rate of $400 per hour.  Normally, there is no charge for the first 50 minutes of consultation, either in person or on the phone.  In most cases this gives both the client and the advisor enough time to determine if further communication would be desirable. 

PERCENTAGE FEES.  Percentage fees range from 0.25% to 1.25% of assets under management per year.  The exact amount varies depending upon the size of the account, the amount of support requested by the client, and whether the account is phone based or office based.  The major advantage to the client of percentage fees is that the advisor’s compensation is tied to performance.  The advisor’s compensation will increase only if client assets grow; conversely, the advisor’s compensation will decrease if client assets decline. 

ANNUAL RETAINER FEES.  Rather than a fluctuating fee, some clients prefer a fixed retainer.  The amount of the retainer is determined by several factors, including the size of the account, the amount of support requested by the client, and whether the account is phone based or office based.  The major advantage to the client of an annual retainer is that the fee is fixed and known in advance.

MINIMUM FEE & MINIMUM ACCOUNT SIZE.   There is no minimum account size.  However, the minimum annual fee, with the exception noted below, is $4,000.  Effectively, this fee dictates that investment assets should start at around $400,000.  The exception is for smaller accounts, particularly 401(k) accounts, into which regular deposits are being made.  In such cases, we normally quote a lower minimum fee based upon how rapidly account assets are accumulating.  Fees are negotiable.