Fee-Only Service Options
Comparable Financial Planning Fees
A 2020 national report shows that the median price of a broad-based Financial Plan is $2,500. The median hourly rate is $250. Our rate tables below indicate very favorable pricing due to our low-cost business structure, and efficient Planning processes.
Typical Assets Under Management fee for Investment Management Services average about 1% of the portfolio balance being managed.
It’s also important to understand that our compensation model is Fee-Only. For an overview of industry compensation models, please see our article, Financial Advisor Compensation Models
Our Fee Schedule
Our Hourly Rate
For personalized financial projects that don’t fit into one of our broad-based financial planning models below, our hourly rate is currently $175.
For example, 2 hours of analytic work to help you evaluate your risk tolerance and asset allocations would be $350. Or 1 hour to help you determine you optimum Social Security claiming strategy would be $175.
Our Financial Planning Package Services
Plan Add-On Items
The Initial Plan pricing shown is the minimum basic one-time Plan creation fee. Additional items that may add cost to the minimum basic price include, but not limited to:
- A significant number of accounts to analyze
- Manual entry of account information (vs client performing account aggregation)
- Other client-requested analyses such as small business modeling
- Executive Compensation
For each add-on item, we will estimate an additional fee to add to the minimum base price. You will receive a written contract with all the services and fees identified before any work is begun.
On-Going Price Range
The $100-$300 per month price range is dependent on the type and frequency of service that you desire. We work with you to determine what is best for you.
Our AUM Fee Schedule for Investment Management Services
The Investment Management fee schedule shown is for portfolios managed by Kastler Consulting Group, LLC and First Ascent Asset Management, LLC. Other money managers have separate fee schedules.
We perform the account set-up, buying, selling, and rebalancing of your assets to be held at TD Ameritrade, one of the largest custodians in the country. Kastler Consulting Group, LLC nor its money managers hold money directly.
Investment Management service fee is separate from Financial Planning service fee.
Why Fixed Flat Fee Schedule for Large Accounts?
The industry standard investment management model is to charge a yearly rate of 1% of Assets Under Management or AUM. Clients with substantial investable assets are paying tens of thousands of dollars in investment management fees at the 1% AUM rate.
We help reduce those investment management costs by offering a fixed flat fee on accounts above $1M of investable assets, on certain model portfolios. Clients can significantly benefit from a fixed flat fee schedule compared to the industry standard of 1% AUM, as shown in the table.
If you would like to see how a fixed flat fee schedule can impact your retirement nest egg, we can help you with that analysis. A fixed flat fee could save you hundreds of thousands of dollars over your retirement time horizon.
If you have any questions on our fee schedules, please use the Calendly scheduler on the Contact Us to schedule some time to discuss or give us a call!