Ongoing Planning & Pricing:
Services include an annual comprehensive plan plus periodic meetings throughout the year. Each meeting will adjust for actual versus what was forecast, new tax laws, changes in a clients' status, etc. For example, tax planning happens in Q1 and Q4. Budget discussions in Q1. Insurance in Q3.
Ongoing Planning services will depend on where you are in your life stage and the complexity of the planning required. Annual fees are generally a percentage of Assets (0.1%) plus a percentage of Income/AGI (1%), and can vary based on complexity. Annual fees are capped at $8,000 at this time. There is also a one-time upfront onboarding fee for new clients, $1,500, depending on complexity.
We can do One-Time plans and Projects. This can be a comprehensive financial plan or focused on a specific area. Often, answering a simple question correctly requires more than that one aspect. "Should I do a Roth" may still require a fairly comprehensive review since it's mostly about long-term tax planning.
We also offer Tax Preparation and IRS e-filing for clients at an additional modest fee. Given the nature of the work and the software costs involved, pricing starts at $450.
Investment Management
At this time, we are offering Advice-Only with AUA (Assets Under Advisement). The AUM feature may be available in the future. It's important to understand your objectives to ensure the allocation of assets are appropriate to meet your needs.
We believe the typical 1% AUM fee model is outdated, and that the productivity gains from scale and software do not justify those fees at higher levels of investment management. A $5M asset base does not justify $50,000 in advisory fees, 1% AUM, for example. Likewise, a $1M asset base does not justify a $10,000 AUM fee. The following is included in our ADV brochure for informational purposes.
| Assets Under Management | Annual Fee |
|---|---|
| $0 - 500,000 | 0.50% |
| $500,000 - $1,000,000 | 0.35% |
| $1,000,001 - $1,500,000 | 0.30% |
| $1,500,001 & Above | 0.25% |