Why Separate Services?

Separating Wealth Management from Asset Management dramatically benefits the investor.  An advisor in the firm who specializes in wealth management services will set up a plan whether it is an Estate, Insurance, and Retirement.  When the appropriate plan is selected for the client, we will charge an initial flat fee.  This initial fee is normally higher than the subsequent fee charges since bulk of the financial plan is done at the creation of the plan.

Some financial plans that are already put in place may need to be adjusted.  Client’s financial plan may change to due to personal preference, unforeseen accidents, economic conditions, and etc.  We will make adjustments to the plan according to client requests.  After the initial flat fee, we charge wealth management fees again only if the plan needs adjustments. 

Some firms charge an annual management fee that also includes wealth management fees.  The wealth management fee is added on regardless of any wealth managements services rendered.  Some financial plans may never change.  These clients should not have to pay an ongoing wealth management fee.  The separation of the fees also benefits clients who already have a financial plan before they come to us or clients who may not need one.