Fee Structure
Financial Planning
For clients who want comprehensive financial planning only, we charge a project fee based on an agreed scope of work and an estimated number of hours to complete the project. A typical comprehensive financial plan costs $2,500 to $8,000, depending on the scope of work.
We will also work on an hourly basis in some circumstances: younger clients who have very focused issues, or prior financial planning clients who may just need a checkup. Our hourly rate is $175-$325, depending on the expertise required.
Wealth Management
Annual fees for our wealth management services (which include all desired financial planning) are based on the value of the assets we manage for each client. These typically only include assets we manage on a discretionary basis at our custodial firm. They do not include investments made directly by our clients that we are not overseeing (e.g., individual stocks selected by the client, direct private equity investments).
Our current fee schedule is as follows:
- 1.0% for the first $2,500,000 under management
- 0.9% for the next $2,500,000
- 0.7% for the next $5,000,000
- 0.5% for amounts over $10,000,000
Please note that we charge a minimum annual retainer of $10,000 for our wealth management services and there is no separate initial or ongoing financial planning fee.
Divorce Financial Analysis
Divorce Financial Analysis
We typically charge a project fee based on an agreed scope of work and an estimated number of hours to complete the project. A typical settlement analysis, coupled with a post-divorce comprehensive financial plan, costs between $3,500-$6,000.
We will also occasionally work on an hourly basis when the scope of work cannot be ascertained (e.g. litigated cases). Our current hourly rate is $300.