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 $4,000 to $8,000. Our fee does not include any ongoing implementation post-engagement nor does it include detailed investment portfolio recommendations for clients who would otherwise qualify for our wealth management services.
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
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.