We receive income from two sources – and before we get into the details of how that happens, we want to say that before any transactions incur, we want to meet with each prospective client one time free or charge and free of future meeting obligations. This way we can clearly identify in that first meeting the scope of our relationship and answer any questions.
That said, we’re structured to receive revenue in two forms as a fee-based firm: financial planning fees and fees/commissions from investments we help manage. The former is in most cases a one time “project fee” that we estimate in that first meeting, and it includes creating a financial plan that addresses where you’re currently at, where you’d like to be, and some suggestions on how you may get there. This fee ranges from client to client, depending on their level of need, but our average fees range from $750 – $3,000.
The second form of compensation, investment fees/commissions, varies from investment product – but essentially is the internal fee that is paid to us from the investment company to assist you in managing your assets. Due to the variety of fee/commission structures for the many products we have access to, the specifics of how we’re compensated from these are best discussed in person. We strive for transparency in this compensation so that each client knows exactly how we are paid for our services.
