Our annual fee is based on the amount of assets that you want us to manage, as follows:
($500/quarter minimum fee)
On the first $500,000 (1.00%)
industry median fee 1.25%*
On the next $500,000 (0.70%)
industry median fee 1.0%*
On the next $1,000,000 (0.50%)
industry median fee 0.9%*
On the next $10,000,000 (0.30%)
industry industry median fee 0.75%*
Above $12,000,000 (negotiated)
*According to the Inside Information, 2017 Planning Profession Fee Survey
We can also work on an hourly basis. Bill Holliday, CFP bills at $250/hour and Jason Pfau bills at $150/hour.
What Is A Fee Only Planner?
A Fee Only planner is compensated solely by the client. They do not receive any compensation that is contingent on the purchase or sale of a financial product. A Fee Only planner may not receive commissions, rebates, awards, finder’s fees, bonuses or any form of compensation from others as a result of a client’s implementation of the individual’s financial planning recommendations. Because AIO is only compensated by our clients, we can address a diverse array of financial issues that do not involve selling investment products.
Why is Fee Only Important?
A financial planner who is selling a product and can gain from he/she recommends has a conflict of interest and cannot be objective and unbiased. Unfortunately, the vast majority of financial advisers in the United States are sellers of financial products and receive a commission. Some or all of their income may be dependent upon their ability to steer their clients to a limited number of the financial products. Many of their clients are not aware of their advisers’ dependence on selling products or the total fees they are paying.