Our Approach to Fees
We act as fiduciaries in advisory relationships, which means we are legally obligated to act in your best interest. It is also the standard we believe should govern every client relationship.
We value transparency when it comes to our cost of doing business. We believe you should understand what you are paying and the value you are receiving in return.
Before We Work Together
We do not charge for our initial discovery meeting and our follow up initial findings meeting. While everyone's time is valuable, it is essential that we get to know you and your aspirations. It is equally essential for you to understand our approach and our practice so we can decide whether we are the right fit for one another.
Our Wealth Management Platform
Our Wealth Management Platform is designed primarily for individuals and families with $5 million or more of investable assets.
Though we primarily serve clients at this level, the asset minimum to access this platform is $1 million.
For clients who meet this, we charge 1.25% annually on the value of the assets we manage. Your related financial planning costs are credited as part of this fee, so you are not paying separately for financial planning within this platform.
Our Wealth Management Platform is designed to provide comprehensive advice across your financial life. To provide that level of service, our advisory relationship must include the assets for which we are providing advice and services. We cannot provide advice or services on assets that are outside the scope of our engagement.
When we manage the entirety of your household's investable assets under this structure, we are able to utilize our full wealth management menu of services without restriction.
Hybrid Planning Relationships
We occasionally offer hybrid arrangements for individuals and families who are an exceptional fit for our practice but do not meet the Wealth Management Platform minimum. We understand that some assets are immovable, illiquid, or otherwise not appropriate to manage within our platform.
In these circumstances, we charge a flat annual fee for related financial planning services. Basic planning engagements under this structure typically begin at $5,000 but are ultimately determined by their complexity. This cost will be charged annually thereafter.
Commissions
From time to time certain investments may incur commissions. These commissions are paid to us by the sponsored companies, rather than directly by you. Any such arrangements will be clearly disclosed in advance.
Standalone Services
We also provide certain services outside of an ongoing wealth management or hybrid planning relationship. These may include Insurance Evaluations, College Planning, Stock Option Optimization Plans, and other specialized services.
Costs for standalone services vary based on the service provided and the complexity of your needs. We will discuss and agree upon the applicable fee before beginning the engagement.
Questions
If you have any further questions regarding our cost structure, contact us and we will be happy to answer them.
