Guidelines for Recommendations Reports Fees

These guidelines reflect our experience with various levels of complexity in new client relationships. Unlike many advisors, we do not quote hourly fees for these services. Quoting hourly rates does not inform you about the cost of your project. When we understand the complexity of your project and our ability to serve you, we will offer our services by quoting a specific fee within an engagement agreement for the entire Recommendations Report, including a follow-up meeting to ensure your needs have been satisfied. We accept all risks for the time and resources your project may need. We believe you should be able to make the decision with as much information as we can provide. When the Recommendations Report fee exceeds $3,000 and you continue into an ongoing relationship for two years, we will refund 50% of the Recommendations Report fee, by discounting your first eight Quarterly Retainer Fees. The math for your situation will be described in your Recommendations Report.

These guidelines are intended to help you understand the cost of truly comprehensive financial planning services. Depending on the complexity of your situation, we may quote fees that are somewhat different from these guidelines. Our most important issue is to believe our work can resolve issues for you, at costs that are fair to you and us. We believe strongly that clear knowledge of costs is an important part of our relationships.

  • $2,000 when net worth is below $1 million and family income is below $150,000 per year
  • $3,000 when net worth is $1.0 to $1.25 million or family income is $150,000 to $200,000 per year
  • $4,000 when net worth is $1.25 to $2.5 million or family income is $200,000 to $300,000 per year
  • $6,000 when net worth is $2.5 to $4 million or family income is $300,000 to $400,000 per year
  • $7,000 when net worth is $4 to $6 million or family income is $400,000 to $600,000 per year
  • $8,000 to $10,000 when net worth exceeds $6 million or family income exceeds $600,000.

When net worth and/or income reach these higher levels, Recommendations Report fees can vary widely, depending on the complexity of your situation. Nevertheless, we will quote a mutually agreeable fee for such projects.