What Am I Currently Paying?

Depending on the type of financial advisor (such as an agent, broker dealer, or investment representative) you are working with, and the products (e.g., annuities, mutual funds, and individual stocks) you have, fees may vary widely and can be very difficult to understand.  

We often hear that "my advisor only charges 1%." Although this may be true, it's often not the whole story. While 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.

For instance, if you are invested in mutual funds, odds are you are paying an expense ratio ranging from .05% to 1.5%, depending on the type of fund. This means that 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 receive from the relationship.

Need help understanding what your actually paying?

 

3 Simple & Transparent Fee Schedules

Plans based on your needs



3 Month In Depth Planning Engagement

Does this sound like you?

“We need someone to help us make sense of our finances and answer some basic questions, like: 1) Should we pay only the minimum amounts on our car and student loans, or should we pay more each month? 2) Should we keep renting or does it make sense to buy a home?”

or

“We are buying our first home and need direction. We also don’t know if we have the correct amount of life insurance based on our financial situation.”

Then this may be for you….

  • Answers to all of your questions

  • Investing & cash flow education

  • Build your own balance sheet and cash flow statement

  • Investment review

  • Life Insurance discussion

  • Estate planning discussion

  • 3 meetings over a 3 month period

3 Month In Depth Planning Engagement Fee: $3,000

(No Asset Minimum)

Year Long Financial Planning Engagement

Does this sound like you?

You have a need for comprehensive planning to achieve specific financial goals, such as: a down payment on a new home, optimizing a current savings plan to meet current needs as well as future retirement, or the desire to create liquid assets to fund vacations, hobbies, or college savings for child(ren).

or

“We are recently married and desire a more comprehensive plan. We’re not staying on top of our finances like we know we should!”

Then this may be for you….

  • Answers to all of your questions

  • Investing & cash flow education

  • Build your own balance sheet and cash flow statement

  • Investment review

  • Life insurance analysis

  • Estate planning analysis

  • 3 meetings to start the relationship

  • As many follow up meetings as needed throughout the year

  • Unlimited calls and emails throughout the year

Year Long Financial Planning Engagement

Annual Fee: $5,000

(No Asset Minimum & Paid Quarterly)

Asset Management & Financial Planning

Does this sound like you?

“We are expecting an inheritance and the sale of our family business soon.  We are not accustomed to handling this amount of money and want it to work for our family for the long term.”  

or

“We are mid-career professionals, have two young kids, and just switched jobs. Are we doing everything we need to? We want a long-term relationship with a financial professional who can help us course correct as our life changes.”


Then this may be for you….

  • Answers to all of your questions

  • Investment management on the Betterment platform

  • Investing & cash flow education

  • Build your own balance sheet and cash flow statement

  • Investment review

  • Life insurance analysis

  • Estate planning analysis

  • 3 meetings to start the relationship

  • As many follow up meetings as needed throughout the year and beyond

  • Unlimited calls and emails throughout the year


Ongoing Asset Management & Financial Planning Annual Fee:

$250,000 - $1,000,000 = 1.25%
$1,000,001 -$2,500,000 = 1.15%
$2,500,001 + = 1.05%

($250,000 minimum based on assets held at Betterment & Fees Paid Quarterly)