Fee Structure – Our Value to You
Our fee schedule is straightforward. We bring the most value to our clients by combining our three primary services—Financial Planning, Investment Management and Tax Management. We recognize that we have to earn your business (and your fees) every day and we strive to deliver actionable advice worth far more than its cost.
An initial plan that addresses the multiple aspects of a family's personal finances typically takes approximately 2 to 6 months to complete, generally involving 4 to 10 meetings depending upon complexity.
Initial Financial Plan Fee:
Starting at $3,000 and varies depending on the complexity
Ongoing Financial Planning Services:
No charge to qualified wealth management clients
Flat fee or hourly
Investment management fees are calculated as a tiered annual percentage of the assets we manage on your behalf. Fees, paid quarterly, are set at an annualized rate:
- 1.00% on the first $2,000,000 of assets under management
- 0.75% on the next $3 million
- 0.50% on the next $5 million
- 0.25% for amounts exceeding $10 million
Qualified Wealth Management clients have $1,000,000 or more in assets under management or pay a minimum of $2,500 per quarter in Advisor fees. Hence, after the initial financial plan is created, all ongoing financial planning and annual updates are included in the investment management fee.
Our combined experience in accounting, financial planning and investing – along with our perspective as business owners and corporate executives – help us enhance your client experience by folding in tax planning as an integral component – never an after-thought.
Planning and implementation of tax-savvy financial and investment strategies is incorporated into the cost fees for our qualified wealth management clients. Tax preparation services are available and charged separately through our affiliated Desmond Consulting Group accounting firm, or your own accounting relationship.