How We Charge
First and foremost, we are a fiduciary firm. As a Registered Investment Adviser regulated by the Securities and Exchange Commission under the Adviser’s Act of 1940, we have a legal obligation to act exclusively in your best interest.
We have no conflicts of interest regarding third-party compensation, because we receive compensation ONLY from clients. We are paid for our expertise and advice, not to promote products. Before we begin our work with you, we disclose our fees in writing in our advisory agreement. Thereafter, clients receive monthly statements showing exactly how their fees are calculated.
Investment Management Services
Our investment management services include financial planning (see below), portfolio strategy and monitoring and strategic re-balancing of your portfolio. Click here to learn more.
We charge a tiered fixed fee calculated as a percentage of assets under our management, generally 1% for accounts up to $2 million and 0.75% for accounts above $2 million. Our minimum account size for investment management clients is $500,000.
Who Holds Your Assets
Your assets that we manage for you are held by an independent custodian (Fidelity Investments, Boston) in your name. We have no ability to draw upon any client funds held by the custodian, other than to deduct our advisory fees as per our written client agreement.
Access To Your Accounts
You are able to see your accounts in four different ways:
1 Online access through your personal client website
2 Direct, online access to the custodian's website
3 Via monthly account statements (paper or email) directly from the custodian
4 Monthly email or paper statements provided by us
Financial Planning Services
Investment Portfolio Strategy
We provide recommendations for your overall portfolio strategy outlined by asset class, such as stocks and bonds, large cap and small, value and growth styles, domestic and international. We advise you on how to position your portfolios to maximize tax efficiencies.
Cash Flow Management
We create cash flow models for you, offering strategies for debt reduction, savings and income. We also advise you on how to manage your resources so you can fund multiple goals, from college funding to retirement saving and investing.
We help you to plan for spending in retirement when you are no longer earning an income. For example: how to structure your investment portfolio so that you can fund your lifestyle without taking more risk than necessary to attain your goals. We calculate a sustainable withdrawal schedule from your portfolio and advise you on maximizing your social security benefits.
We help you to ensure that you are able to provide for the financial health and well-being of your family and make it easier for them to sort out your affairs after you're gone, as well as to reduce amounts subject to federal estate taxes.
Financial Planning Fees
We also provide financial planning services to clients whose assets we don't manage. In that case we charge the following fees:
The initial fee for a comprehensive financial plan ranges from $1,400 to $2,600, depending on the complexity of your financial situation as estimated by our wealth advisors. Follow up meetings and advice are calculated at our hourly rate of $200.
After a discovery meeting or phone call we provide a written fee estimate, based on the scope of services we agree upon. We require a 50% upfront deposit of the initial planning fee before we start working on your plan. The remaining 50% is due when the plan is presented to you.