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All charges for service(s) will be either billed directly to the customer or be withdrawn directly from the client’s account.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.
Investment Advisor
(Below Definition From U.S. SECURITIES AND EXCHANGE COMMISSION) Read More Here.
An investment adviser is a person or firm that is engaged in the business of providing investment advice to others or issuing reports or analyses regarding securities, for compensation. Investment advisers may include money managers, investment consultants, financial planners, general partners of hedge funds, and others who are compensated for providing advice about securities
Individuals or firms that receive compensation for giving advice on investing in securities such as stocks, bonds, mutual funds, or exchange traded funds are deemed to be investment advisers. It is also common for investment advisers to manage portfolios of securities. RIAs generally are paid in any of the following ways: a percentage of the value of the assets they manage for clients, an hourly fee, fixed fee, a commission on the securities they sell (if the adviser is also a broker-dealer).
At FAi we found that the business model that is afforded to the investment professional through the RIA platform allows for a closer client relationship with interests aligning due investment architecture and offerings as well as advisor compensation.
At FAi as an RIA you will have a universe of investments to offer to allow you to build portfolios that align with your clients interest and risk tolerance.
The future of the financial industry and money management is beginning to recognize the benefits of the RIA platform. Now is the time to expand your practice and make the move to independence. Let Us Show You How Your Very Own RIA Is Easier To Set Up, Manage and Grow Then You May Think.