Financial Management
New clients are subject to a minimum fee of $8,000 which may be waived at our sole discretion. For more information about our fee structure please refer to the sections below and our ADV.
Clients With Greater Than $1,000,000 in AUM
New clients with $1,000,000 or more in assets under our management are offered our Financial Management Service, which includes both ongoing financial planning and investment management services. Our standard financial management fee is charged as a percentage of assets under management, in quarterly installments, in arrears (after services have been provided).
The fee is calculated based on the average daily balance in the Client’s account[s] and is based on the schedule below:
| Assets Under Management ($) | Annual Fee (%) |
|---|---|
| First $1 million | 1.00% |
| Next $2 million ($1-3M) | 0.80% |
| Next $3 million ($3-6M) | 0.60% |
| Next $4 million ($6-10M) | 0.40% |
| Next $5 million ($10-15M) | 0.20% |
| Next $6 million ($15-21M) | 0.10% |
| Everything else ($21M+) | 0.05% |
Clients With Less Than $1,000,000 in AUM
Clients with less than $1,000,000 in assets under management at the start of our advisory relationship may be offered investment management and financial planning as separate engagements.
Our investment management fee is charged as a percentage of assets under management, in quarterly installments, in arrears (after services have been provided) at an annual rate of up to 1.20%. The fee is calculated based on the average daily balance in the Client’s account[s].
Our financial planning services are provided as an annual financial planning subscription fee, billed monthly at a rate of $100 to $2,000 per month based on the size of the client portfolio and the complexity of the services to be provided.