At TLFP, I take pride in providing transparent pricing with no hidden or hard-to-decipher fees. I base planning fees on the complexity of your case, and you can find out exactly what you would pay using our Interactive Fee Calculator
For financial life planning, I charge an initial setup fee between $1,000 and $5,000, depending on the complexity of your situation. Thereafter, beginning in month two, I charge a monthly retainer of 10% of your setup fee. For example, a client whose asset level and case complexity led to a $1,750 startup fee when becoming a client in May would pay $1,750 in May, followed by $175 in June, and $175 each month thereafter. This model allows me to work with you beyond simply presenting an initial financial plan because financial planning is a lifelong process. It also allows you to spread the payment for your financial planning "renewals" out over each year, instead of having to pay a large single renewal fee. You can choose to pay your financial life planning fees via credit card or direct bank account debit (ACH).
For those clients who wish to utilize the firm’s asset management services, I charge a maximum of 0.75% for accounts under $1,000,000. Accounts above $1,000,000, but less than $2,000,000 pay 0.60%, and accounts over $2,000,000 pay 0.50%. The fees quoted here are inclusive of the partners who help manage the firm’s investment accounts, so they can be considered the "all-in" fee to the client. The asset management fees are charged quarterly, and are withdrawn directly from the investment accounts by their custodians. I use more than one custodian, based on the needs of each client, so specific breakdowns of fees will be provided on a client by client basis, but what they pay doesn't change, regardless of custodian.
I do NOT receive any commissions for the sale of insurance, investment or other financial products.