What Are the Fees?
Time, care, skill, judgment, professional education, and experience determine professional fees. We are proud of our fees and know that they represent fair compensation for the quality of services provided to our clients.
When it comes to costs of any sort, no one likes surprises. Therefore, we disclose all investment costs and educate our clients completely.
If you decide to have us manage your assets, we offer access to money management accounts that place your success and our success on the same side of the table.
For example, in our Preferred Portfolio Services® Custom Program (Transactions) accounts (offered through our partnership with Commonwealth Financial Network®), the management expense is as seen below. As your accounts grow, investment expenses decline as follows:
Under $1,000,000 1.00%
$1 million to $2 million 0.90%
$2 million to $3 million 0.80%
$3 million to $4 million 0.70%
$4 million to $5 million 0.60%
$5 million to $7.5 million 0.50%
$7.5 million to $10 million 0.40%
Above $10 million 0.25%
This type of account effectively eliminates the conflicts of interest created by commissions. It also rewards us if we make your accounts grow. If we don't deliver good service, you fire us and we lose our income.
If you do not desire to have us manage your portfolio but are simply looking for a financial consultant to help you, our rate is $300 per hour.
Clients have used our hourly services to help settle estates, to provide guidance on company 401(k) plans, to compare job opportunities, and more.
**PPS Custom Program (Transactions) Account clients will pay an annual management fee, as outlined in the breakpoint fee schedule above. The management fee is negotiable, billed quarterly, and, unless otherwise agreed, shall be based on the value of assets in the Account.
In addition to the annual management fee, PPS Custom Program clients may pay transaction charges, administrative charges, and miscellaneous account fees and charges, as described in the Master Services Agreement (MSA) or PPS Client Agreement (as applicable) and Commonwealth’s ADV Part 2A Brochure.