How Much Are Your Fees?

One question we often get, mostly early on in meetings with potential clients, is “how much are your fees”? While this is an extremely important discussion as well as disclosure, we believe context, and how we answer the question are also important.

First, context. All wealth management practices, or investment firms, are not the same. Services and experience vary significantly, and so do the levels and types of fees charged. What often becomes challenging is trying to decipher this information, when the needs of people vary as well. We get it. One of our primary roles early on is to help clients gain clarity on our background, education, services, as well as ongoing processes, and how this directly relates to the fees they pay for those services. What’s even more important is that this is proven along the way.

Second, when we gain the opportunity to build a relationship with a new client, full disclosure of fees is integrated into the process. The way we look at it, it is ours to lose, and as you may have often heard us say, “if your life is not better with us in it, then get us out of it”. Our hope is that when you are lying in bed at night your thoughts on the value you receive from our firm are superior in all areas, compared to the amount you are paying for the services you receive. If not, let us know and we will address it immediately.

One side note. We recently had a discussion with some folks about our fees. Before they came aboard, they were concerned about turning over all our money, paying fees, and having it managed by someone else. Our answer? It is already being managed by someone else, and you are paying them something to do it; we are just looking to gain clarity, build a plan that meets your needs, and manage the money specifically for the phase of life you are in.

It's always valuable to know what you are paying, whatever the situation in life may be. We also believe it’s just as important to have the same knowledge of what you are buying.

Investing involves risk. No investment strategy can guarantee positive results. Loss, including loss of principal, may occur. Material discussed is meant to provide general information and it is not to be construed as specific investment, tax or legal advice. Keep in mind that current and historical facts may not be indicative of future results. Diversification is an investment strategy that can help manage risk within a portfolio, but it does not guarantee profits or protect against loss in declining markets.

This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. (C) Twenty Over Ten