Our compensation structure is very flexible, dictated by the needs of our clients.
We can be compensated in several methods:
(A) Fee Based - this method is most appropriate when the client desires to enter into a long-term relationship, making the hourly rate system not economically feasible. Typically our fee is based upon a percentage of assets, billed quarterly.
(B) Commission Based - this method is considered when the financial plan includes products which can compensate a planner with a subsidy from the company providing the product.
(C) Hourly Rate - this method is most appropriate for limited scope engagements, such as providing second opinions of existing financial plans or analyzing an existing investment portfolio.
(D) Flat Fee – this method is utilized for limited scope engagements, as well as preparing a financial plan without any specific product recommendations. Usually the products or services will be obtained elsewhere.
Our compensation will always be clearly explained. There is no fee incurred for any initial consultations.