We charge one simple flat fee for our Ambient Engagement relationship paid in 2 installments. If your desire is to outsource investment management to our team, a separate fee will be calculated on amounts managed (see below), and your 2nd Ambient Engagement installment will be reduced proportionately.
Once your free consultation is complete and we have agreed to work together, we charge a simple flat fee for the first year of service, based upon your specific complexity of needs and the nature of your current situation. This fee is paid in two installments. The first half is due at our first official meeting (not at your free consultation), and the remainder due when our firm’s recommendations are made.
Ongoing Ambient Engagement
At the 1 year anniversary of our professional relationship, we will reassess the need for our services. Many of our clients continue to work with us on an ongoing basis, with pricing less than year 1 costs. We provide semi-annual or annual financial check-ups, planning and accountability sessions, continued access to your personal financial website, ongoing Ambient Ecosystem access, and full text, call and email communication to our team at any time. Life, and the plans we make, change quickly. We want to be your financial team...for life.
We price for Ambient Engagement and Investment Management separately, as we do not require families to have investable assets held with us. During our process, if investment management becomes agreed upon, we will charge by the method that is in our client’s best interest. We conduct most investment management fees as a fixed percentage of managed assets ("Assets Under Management") in advisory accounts. This helps us reduce conflicts of interest. If an account grows, both the client and our team benefit. If an account shrinks, our team is paid less. In an advisory account, you pay one simple fee regardless of what happens in the account. You do not pay a commission for each transaction.
If a client prefers (or gets a better deal with) a commission-based account (sentimental holdings, buy and hold strategy, specific insurance policies), we can use that method with proper disclosure and education.
Annual Investment Management Fee Schedule
|$250,000 - $500,00||1.25%|
|$500,000 - $1 Million||1.00%|
|$1 Million - $2 Million||0.85%|
|$2 Million - $5 Million||0.75%|
|> $5 Million||Complexity Based|
*The above fees do not include any special portfolio options that may be added, such as separately managed accounts, multiple model managers, etc.