Designed with You in Mind
For each new Client, a brief no-cost appointment is set. A data meeting typically follows the initial meeting where all information relevant to the engagement is assembled and confirmed. The Client is sent an engagement letter, advised of the total cost (depends upon the amount of service desired by the Client) and is free to accept, reject, or reconsider the services. Once a Client accepts the proposed engagement, one-half of the agreed upon fee is due before work has begun; the balance is due at the completion of the last report.
Comprehensive PlanningDesigned for clients who are interested in an integrated plan encompassing all aspects of their financial life. For the first four to six months, we will analyze your current finanical position and make recommendations to put your plan in action. The remainder of the year we will meet regularly to check progress and assist with implementing recommendations.
Typical comprehensive plans begin at $5,000.00 which covers services for 12 months. One-half of the fee is due upon accepting the engagment letter. The remainder is due at the completion of the last report.
Focused / Project Based Planning
Designed for clients who are interested in advice on a specific topic or a limited project. Pricing is based on the prevailing hourly rates. After the initial meeting, an estimate is prepared and a fee is quoted for the desired services. Based on the depth of the project, fees generally range from $1,200 - $2,500.
Designed for clients who are interested in growing wealth. Generally, meetings are held every 8 to 10 weeks. Clients are billed for the time spent with their advisor.
Bill Prewitt's hourly rate is $400.
Diane Blackwelder's hourly rate is $300
Myles Brandt's hourly rate is $300.
Investment Management clients receive ongoing investment management and continued financial planning services. Fees are based on the balance of the investment account(s) under management at the beginning of each quarter.
The quarterly payment brackets for this service are as follows:
Assets Under Management Fee Computation up to $500,000 .25% per quarter ($250 minimum) $500,000 to $1,500,000 .225% per quarter (.9% annually) $1,500,000 to $3,000,000 .200% per quarter (.8% annually) $3,000,000 to $5,000,000 .175% per quarter (.7% annually) $5,000,000 to $7,500,000 .150% per quarter (.6% annually) $7,500,000 + .125% per quarter (.5% annually)
Some clients pay an annual retainer in lieu of a percentage of assets for ongoing services. An estimate of value of the service is mutually agreed upon and billing occurs quarterly.
Feel free to review our current ADV II and Schedule F for more information.