wealth managment at a Fair Price
Financial Services at a Fair Price
IYou should have access to trustworthy financial advice at a fair price. Commencement Financial Planning LLC strives to provide comprehensive financial planning and investment portfolio services at the lowest cost possible.
You should be completely aware of the total fees you are paying each year, but the financial industry is quite clever in devising ways to make fees nearly impossible to quantify. Commencement Financial Planning LLC not only clearly explains its fees but also strives to fully understand and quantify all fees associated with alternative solutions it recommends to clients.
Unlike most other financial advisors, the only compensation Commencement Financial Planning LLC receives is what clients pay directly. This creates a relationship free from conflicts of interest and provides the client with complete clarity of the actual expenses they are paying each year.
Advisory fees are calculated either on an hourly basis or an asset-based sliding scale.
Project-Based Hourly Financial Planning Fee
After the initial free consultation, the hourly financial planning fee is $285/hour. These engagements are generally short term in nature and encompass such projects as retirement, education, insurance, estate, and asset allocation planning. Depending on the complexity of your situation, fees for these short-term engagements are typically in the range of $1,500-$3,000.
Clients with an ongoing relationship are charged only an asset-based fee. These relationships include unlimited access, regular meetings, portfolio reporting and monitoring, coordination with the client’s CPA and attorney, and ongoing monitoring of markets and changes in the law. Account minimum for this service is $1MM.
Asset-based fees for supervised assets are determined using the schedule below. For most clients, the total fees they will pay to both advisor and underlying asset managers will be at or below 0.65% per year.