Fee Structure

For clients in the accumulation phase, such as young professionals and business owners, you can offer a flat fee for comprehensive financial planning services. This flat fee covers ongoing advice, milestone planning, and goal-setting. The flat fee structure provides predictability for clients who may not yet have significant investable assets.

1. Basic Financial Planning (for early-career professionals)
   • Annual Fee: $2,500 – $4,000 (billed quarterly)
   • Services Included:
     • Budgeting & cash flow planning
     • Basic investment strategy and portfolio allocation
     • Debt management (student loans, credit card debt)
     • Retirement savings plan setup (e.g., 401(k), IRAs)
     • Milestone planning (buying a home, saving for education)
     • One annual review and financial plan adjustment
2. Comprehensive Financial Planning (for mid-career professionals)
   • Annual Fee: $4,500 – $7,000 (billed quarterly)
   • Services Included:
     • All services from Basic Planning
     • More detailed investment strategies
     • Advanced tax planning and tax-efficiency strategies
     • Estate and insurance review (life, disability)
     • Semi-annual plan reviews and updates
3. Advanced Financial Planning (for high-income professionals/business owners)
   • Annual Fee: $7,500 – $10,000 (billed quarterly)
   • Services Included:
     • All services from Comprehensive Planning
     • Business financial planning & business succession planning
     • Multigenerational wealth planning & legacy strategies
     • Coordinated estate planning with attorneys
     • Quarterly plan reviews and full-service wealth management support

For clients who have investable assets, an AUM (Assets Under Management) fee structure would apply. This is often more suited to retirees or higher net-worth individuals in the legacy planning stage. The fee scales as the client’s portfolio grows, and the investment management service includes portfolio construction, ongoing asset allocation, rebalancing, and tax-efficient investing.

1. Up to $500,000 AUM
   • Fee: 1.25% of AUM
   • Services Included:
   • • Custom portfolio construction
     • Ongoing monitoring and rebalancing
     • Retirement income planning
     • Tax-efficient strategies
       
2. $500,001 – $1,000,000 AUM
   • Fee: 1.00% of AUM
   • Services Included:
   • • All services from Tier 1
     • Multigenerational wealth planning
     • Access to advanced investment strategies (e.g., alternative investments, if applicable
       
3. $1,000,001 – $3,000,000 AUM
   • Fee: 0.85% of AUM
   • Services Included:
   • • All services from Tier 2
     • Quarterly investment performance reviews
     • Estate and tax planning coordination with CPA/attorney
4. $3,000,001 and Above AUM
   • Fee: 0.75% of AUM
   • Services Included:
     • All services from Tier 3
     • Comprehensive family office services
     • Full estate planning and philanthropic giving strategies
       

For clients who engage in both financial planning and investment management, you could offer a discounted package combining both fees. For example, if a client opts for comprehensive financial planning and has investable assets under management, you could reduce the total cost by applying a small discount to the AUM fee (e.g., 1% instead of 1.25%).

Comprehensive Financial Planning + Investment Management ($750,000 AUM)

• Financial Planning Fee: $5,000
• AUM Fee: 1.00% ($7,500 annually)
• Total: $12,500 annually for both services
  

One-Time Financial Planning Fee (Optional)

For clients who need one-time advice or a financial plan but don’t want ongoing services, you can offer a one-time financial planning fee.

• Fee: $1,500 – $3,000
• Services Included:
• Comprehensive financial review
• One-time financial plan with recommendations on investments, retirement, and tax planning
• No ongoing support unless they choose to re-engage

Add-On Hourly Rate (For Additional Services Outside of Scope)

• Hourly Rate: $250 – $400/hour
• Used for extra services like estate planning coordination, tax optimization reviews, or advanced investment consultations.