We work on a fee-only basis. That means we are paid by you, the client, because we think that’s the best way to ensure that you get completely objective advice. We receive no commissions, trailing fees, incentive fees or any other type of compensation for any product that we recommend. When the management of your account requires the purchase or sale of securities for which a transaction fee is charged, you will pay that directly to the brokerage firm handling the transaction and not to us. Many of the products we recommend do not have a transaction fee.
There is no charge for the initial consultation, during which we can discuss what services you need and what we can offer. We have three basic compensation arrangements:
- We provide ongoing asset management for an annual fee of 1% or less of the assets managed, charged quarterly in advance. Fees are lower for larger accounts. We do not have a minimum size account. However, we do have a minimum quarterly fee of $500.
- We charge an hourly fee to provide financial planning and investment advice without ongoing asset management. Our hourly fee is generally $200. (At the discretion of the adviser, financial planning fees may be waived for ongoing asset management clients.)
- We charge a flat fee for some projects, based on the complexity of the project. Project fees are quoted in advance.