Financial Pathfinders
Travel life's journey with peace of mind
Fee-only financial planning

 

 

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Compensation for Our Services

We offer two plans to pay us for our services.  One plan is payment on an hourly basis.  The other is payment as a yearly retainer for comprehensive planning services.  As described on the 'Services' page, certain questions can be resolved on an hourly basis.  For example, a question like 'How much must I save to send my child to college' can be answered on an hourly basis.  A question like 'Can you help me sleep at night knowing that I am working on a well-formulated plan to provide the financial means for me and my loved ones to enjoy life and pass that on to future generations' cannot be answered on an hourly basis, and requires an on-going, comprehensive planning relationship.

Our hourly fee ranges from $150 - $200.  At our first meeting, when we mutually agree upon the scope of what you want us to do, we will quote you the hourly rate and provide an estimate of the total cost.

Why Should I Pay You When Others Do Planning for Free
The answer to this can be found in our article titled "What Does Our Service Cost".  Click here to read this document.

Our comprehensive planning services require the generation of a comprehensive financial plan based upon your current financial state of affairs, and a thorough description of your goals and aspirations.  This plan becomes the basis for our future efforts. The cost for the generation of this plan depends upon the size of your asset base and your yearly income.  The plan cost will fall into one of the following ranges:

bulletAbout $1000 if your net worth (excluding home) is significantly less than $1 million, and/or your annual family income is less than $100,000.
 
bulletAbout $2000 if your net worth (excluding home) is about $1 million, and/or your annual family income is about $100,000.
 
bulletAbout $3000 if your net worth (excluding home) is over $1 million and less than $2 million, and/or your family income significantly exceeds $100,000 but is less than $200,000.
 
bulletAbout $4000 if your net worth (excluding home) is over $2 million and less than $3 million, and/or your family income significantly exceeds $200,000 but is less than $300,000.
 
bulletAbout $5000 if your net worth (excluding home) is over $3 million and less than $4 million, and/or your family income significantly exceeds $300,000.
 
bulletIf your net worth exceeds $4 or your family income significantly exceeds $300,000, we must review your specific case to give you a reasonable idea of cost.

Note that these are simply guidelines.  After the initial meeting where we discuss the scope of our working relationship, we can provide to you a more precise estimate of costs.

Once the comprehensive plan is understood and agreed upon, the implementation and monitoring phase of our relationship begins.  This is the long-term relationship that is so vital to achieving the goals and aspirations described in the plan.  The minimum quarterly fee for this process is $300.  The fee is charged based upon the services that are to be performed, with a minimum charged based upon the managed assets. The scale is as follows:

bulletThe first $500,000 under management is billed at 0.60% per year.
bulletThe next $500,000 under management is billed at 0.50% per year.
bulletThe next $1,000,000 under management is billed at 0.3% per year.
bulletThe remaining amount under management is billed at 0.2% per year.

In certain instances, depending upon the client's needs and the services to be rendered, an agreement between the client and us may be entered into with a fee different from the fee structure described above. The fee would be based upon negotiations with that specific client.

In addition to the fees charged by us for services, clients also incur 'management fees' on the inside of mutual funds. These fees vary by mutual fund, and are not in any way paid to or credited to Financial Pathfinders.  We are a fee-only advisory firm, and we accept no commissions, referral fees, or marketing fees from any vendors.

 

 

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Nothing on this web site shall be construed as a solicitation of business in any state in which we are not registered. No business will be conducted with any individual in a state unless we are registered or exempted from registering. While reasonable care and caution has been used in preparing information contained on this website, it is not applicable to all circumstances. We assume no responsibility on how this information is used or consequences thereof. You should always consult a qualified professional before taking action.  Also note that in investing, past performance is no guarantee of future results.

Send mail to webmaster@financialpathfinders.com with questions or comments about this web site.
Last modified: 12/11/02