There is not one cookie cutter solution to how money should be invested. The process is an in-depth personal approach based on client situations, circumstance, goals, risk and time horizon.
To us, a large part of that planning is having out customers understand our fees and what they are being charged.
Please view the fee section of our ADV below. You may also view the current years ADV here or by visiting the SEC Advisor Information website here.
FEES AND COMPENSATION
A client agreement will outline the following fee structures. Either party may cancel an agreement for any reason, provided that 30 days advanced notice is given. All fees may be negotiated.
All charges for service(s) will be either billed directly to the customer or be withdrawn directly from the client’s account. This is the choice of the investor and can be changed at any time. If FAI or FFS withdraws advisory fees directly from clients account, client will be sent a copy of the invoice at the same time as the custodian or trustee. The custodian will also send quarterly statements showing all disbursements for the custodian accounts.
1. Financial Planning: Provide an in-depth evaluation of current financial position in relation to client’s goals and objectives. Provides personalized presentation of current financial situation and alternatives, as well as customized recommendations based on the outcome of the plan. Fees: Planning fees range between $500 and $1,500 to be negotiated between the advisor and the client.
2. Hourly Financial Planning Service: Certain Financial Planning needs may arise that will call for an hourly fee. Fees for administration services will be billed at $30/hour. Services that are provided by a CERTIFIED FINANCIAL PLANNER™ Professional will be billed at a rate of $75 per hour. Hourly fees are based on individual needs.
3. Investment Advisory Services: Evaluate current investment allocations in relation to investment risk and objectives. Set up investment asset allocation model and evaluate for rebalancing. Assess the continued relevance of investment recommendation during client investment meetings. Accounts below $15,000 will be assessed a $150 minimum Fee, Accounts between $15,000-$30,000 will be assessed a $250 Fee. Fees for assets above $30,000 will be negotiated between the advisor and the client and can range from .65% to 1.5%.
PERFORMANCE-BASED FEES AND SIDE-BY-SIDE MANAGEMENT
FAI does not charge any performance-based fees, that is, fees based on a share of the capital gains or capital appreciation of the assets in a participant’s plan. FAI charges fees solely as described in above. FAI does not compensate its supervised persons with performance-based fees.
As a result, FAI or FFS does not have any conflicts of interest that might arise from charging fees calculated on varying bases for various client accounts.