Financial Planning Office is a fee-only investment management and financial planning firm. Our revenue comes 100% from Clients who pay an annual fee based on the size of their investment account.
- We sell no products (like insurance and annuities), represent no other companies, and receive no commissions.
- Our fee-only approach means you will always receive objective and independent advice.
- Our fees compete with, and usually beat, many other firms in the industry.
- For Wealth Management clients, we provide financial planning reviews every year with no extra charge.
- Our access to many different institutional class mutual funds will save you money.
Fee Schedule for Wealth Management
Our Wealth Management program provides both financial planning and investment management.
The minimum account size is $250,000 and the minimum account fee is $2,500 per year.
A one-time fee of $1,000 is charged at the beginning of the engagement for the initial time spent on financial planning. Then an on-going annual fee is calculated according the following schedule. The annual fee is pro-rated when the client begins Wealth Management mid-year.
|Assets Under Management||Annual Fee – Billed Quarterly|
|From $250,000 up to $1,000,000||.5%|
|From $1,000,000 and over||.25%|
|Examples of annual fees for different assts under management (AUM)|
|$2,000,000 AUM – $8,750 fee||(1% of $250,000 plus .5% of $750,000
plus .25% of $1,000,000)
|$1,000,000 AUM – $6,250 fee||(1% of $250,000 plus .5% of $750,000)|
|$600,000 AUM – $4,250 fee||(1% of $250,000 plus .5% of $350,000)|
|$250,000 AUM – $2,500 fee||(minimum fee and minimum account size)|
The fee starts on the date the Wealth Management Agreement is signed and the initial $1,000 is due at that time. The annual fee is billed on a calendar quarter in advance. The first quarterly billing includes a pro-rated partial quarter in arrears and the next calendar quarter in advance.
In following years, the fee is recalculated at the beginning of each calendar year based on assets under management as of December 31st of the prior year. The annual fee may be adjusted during the year if assets under management change significantly.
Please contact us if you would like a copy of our current Firm Disclosure Brochure (Form ADV Part 2A). The Securities and Exchange Commission requires that current and prospective clients be provided a copy of this form before services are provided.