Based on complexity
We NEVER earn commissions or asset-based fees, because we don’t sell products.
We believe selling products AND asset-based fee create a conflict of interest. How is it equitable to charge you more in fees just because your asset balances have increased?
Other firms usually charge 1% asset-based fees, plus financial planning fees, and tax preparation fees separately. Remember that asset-based fees grow as your account grows too. This adds up!
Do the math. It’s not as uncommon as you might think, many potential clients tell us they pay more with other firms, and get less in-depth and personalized planning around what they really need.
I can’t believe another firm quoted me a 1% fee just to ‘manage’ my assets. Just because I have more assets, they shouldn’t charge me more. $50,000 is egregious. No tax planning or prep. No real estate help.
When does it usually
make sense to hire us?
We are designed to add the most amount of value when:
$300K or greater for singles, or $500K for couples
$500K or greater, or $200K with $50K+ savings per year
Moderate complexity or greater
Services are billed quarterly with a one-time on-boarding fee, depending on complexity.
These include: complete tax preparation, discretionary investment management, and in-depth financial planning, at no additional charge.
$10k – $30k+
A minimum price is established for the work required and value created.
A complexity adjustment may be applied to the Base Price for situational/technical complexities.
Factors Driving Complexity*
-Number of years from targeted financial independence
-Rental real estate cashflow, investment and tax analysis
-Multiple workplace benefits reviews, and/or deferred compensation
-Education or gift planning for children or charitable planning
-Business retirement plans
-Number of investment accounts
-Portfolio withdrawals or additions
-Low basis stock or concentrated stock
-Foreign assets or pensions
-Workplace retirement accounts
Tax planning and preparation
-Restating or amending returns
-Business, K1s, trusts, rentals, self-employment income
-Multi-state, income apportionment
-Married filling separately / divorced
-International compliance: FBAR, Foreign Tax Credit, and PFIC
-Oil and gas: working interest versus royalties
-Equity compensation: ESPP, ISOs, NQSOs, and RSUs
-Client communication frequency, style, and level of detail
-Client engagement in the process, and speed
-Level of risk taken by the firm
One-Time Planning: Fixed Fee Plans
Designed for clients who aren’t ready for on-going services, and offered as our firm has bandwidth.
We offer a conversation around specific planning topics without comprehensive detailed analysis or implementation. Would you like validation or stress testing of current areas within your plan?
For Questions like:
“Should I keep or sell my rental property?”
“How should I prioritize my savings/investment contributions?”
“Is my current portfolio tax-efficient, and is the risk appropriate for my goals?”