We have two engagement options:

Ongoing Engagement - fee only financial planner Minneapolis

We want to be fully transparent with you about how and what we charge for our service. And in addition, you will be fully informed about different product fees that are assessed by the companies who administer them. 


The fee we charge our clients is commonly called the Asset Under Management (AUM) fee. Included in the AUM fee is ongoing financial planning and investment portfolio management/reviews as well as reviews of other key components of your financial strategy, such as insurance, estate, tax plannings, etc.


The percentage is set as annually, on a quarterly basis in arrears.  AUM fees are based upon a percentage of the assets under management and are paid in January, April, July and October, pro-rata if applicable. Fees are paid in arrears at the end of each billing period, and are assessed based upon the account asset value(s) on the last business day of the billing period.

Ongoing Engagement - Fee Discounts

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AUM Fee or Discount Rule Exceptions

  • Institutional accounts (endowment, foundation, corporation, etc.) and clients represented by a qualified professional such as a CPA, CFA, or CFP, may qualify for a 20% fee discount.
  • Clients who are not represented by qualified professionals have the opportunity to earn a 20% discount by participating in our quarterly education curriculum. 
  • Please contact us for any special circumstances that are worth considering.  
  • We are fee only financial advisors.

Ongoing Engagement - Fee Schedule Table

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Detailed fee schedule by the asset layers.

Our fees are competitive compared to other wealth management practices.  But the discount through learning makes it even more competitive. 


For Example:

Clients with $650,000 in assets under management (AUM) would be charged 1.00% annually initially, 0.80% annually after 20% discount.


Clients with $2,750,000 AUM are billed .841% annually, 0.67% annually after 20% discount.

  • $1,000,000 x 1.00% + $1,750,000 x 0.75% =  $2,750,000 *  0.841%, initially.
  • $1,000,000 x 0.80% + $1,750,000 x 0.60% =  $2,750,000 *  0.673%, after 20% discount.

 

Clients with $22,000,000 AUM are billed .568% annually, 0.455% annually after 20% discount.

  • $1,000,000 x 1.00% + $4,000,000 x 0.75% + $17,000,000 x 0.50% =  $22,000,000 *  0.568%, initially.
  • $1,000,000 x 0.80% + $4,000,000 x 0.60% + $17,000,000 x 0.40% =  $22,000,000 *  0.455%, after 20% discount.


We are fee only financial planner Minneapolis. We also serve the Saint Paul and Rochester areas.  Please, see us for your wealth management as well as financial and investment planning needs.  

Lower Fee = More power of Compounding for Clients

Ask Warren Buffett for the single most powerful factor behind his  investing success, and he’d respond “compound interest” — without  skipping a beat.   Lower fee helps your investment portfolio to harness the power of compounding.