Lowering Fees
It is very important to me to provide people value. For the many of you that know me, you know that I do this job because I want to help people and I’m very good at it. That value-providing mandate is relevant to my fees. When I first started my business over 20 years ago, my fees were extremely competitive. Recently, the industry has gotten less expensive (for high asset clients) and I want to respond accordingly. I sincerely and wholeheartedly want to provide you with the best work at the best fee. Therefore, I am lowering my fee for all current and future clients (with assets over $750,000). Another reason I am lowering fees is that I want to thank you for your loyalty and your trust.
My Prior Fee Schedule
Rate | Assets Under Management |
1.44% | Below $125,000 |
1.00% | Between $125,000 and $750,000 |
.90% | Above $750,000 |
My New Fee Schedule (Effective Immediately)
Rate | Assets Under Management |
1.44% | Below $125,000 |
1.00% | Between $125,000 and $750,000 |
.85% | Between $750,000 and $1,250,000 |
.80% | Between $1,250,000 and $1,750,000 |
.75% | Between $1,750,000 and $2,500,000 |
.70% | Between $2,500,000 and $3,250,000 |
.65% | Between $3,250,000 and $4,250,000 |
.60% | Above $4,250,000 |
A single rate is applied to the whole account. Compared to my old fee structure, under the new fee structure the cost for a $1 million account would be $500 lower per year and the cost for a $1.5 million account would be $1,500 lower per year. I will still waive personal tax return fees for accounts over $1 million. All services stay the same. I am just lowering my upper end fees. For accounts that are above $5,250,000, we’ll need to discuss a custom rate.
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I humbly ask you to share my business with anyone that you feel would benefit from it.
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