3 Ways To Work with Lake Road Advisors

Ongoing Asset Management & 
Financial Planning

  • Investment management with Betterment
  • 3 meetings to start the relationship
  • Minimum of 2 meetings a year after initial on-boarding
  • Unlimited calls and emails throughout

 Tiered fee schedule based upon the assets held at Betterment
 $250,000 - $1,000,000 - 1.25%
 $1,000,001 -$2,500,000 - 1.15%
$2,500,001 + - 1.05%

1 Year Financial Planning Engagement (No Asset Management)

  • 3 meetings to start the relationship
  • Minimum of 2 more meetings for the remainder of the year
  • Unlimited calls and emails for the year

$2,000 upfront annual fee + monthly retainer of $199

                  Hourly Consulting                     (2 hr min)

We tackle your current pressing need and you walk away with a recommendation on how to get you on a better path.

$250/hr

What Am I Currently Paying?

Depending on the type of advisor you are working with in the financial industry (agent, broker dealer, investment rep) and the products you are invested in (annuities, mutual funds, individual stocks) your fees can be difficult to understand and vary widely.  

We often hear that "my advisor only charges 1%" which can be true, but it's often not the whole story. While yes, in fact, your advisor may only receive 1%  from you directly (which you clearly see come out of your account on a monthly or quarterly basis), what you don't see are the fees you are paying on the underlying investments in your account, which go directly to the company that manages those funds.

If you are invested in mutual funds, odds are you paying an expense ratio that could range from .05% to 1.5%, depending on the type of fund. So in reality, you could be paying anywhere from 1.05% to 2.5% in total.

It's important to understand what you are paying, but it shouldn't be the only reason you choose an advisor. Instead focus on the value you are or will derive from the relationship.