How much does it cost?
Client Profile
Name: Delores & Lloyd
Job: Retired
Passions: Traveling, skiing, golfing, and gardening
Why YOU FIRST?
“Odette talked to us about investing, retirement planning, insurance, taxation and our wills. She takes an all-encompassing, holistic view. We feel more secure now that we’re looking at everything as a whole.”
How much does it cost?
For clients that invest with us, the financial planning cost is typically free. So you can call anytime for advice, to ask questions about any financial events on your mind or to reassess your financial plan – we’re totally available to you. No nickel and diming.
For investment advice & service, We offer three options:
For those with more than $250,000 of invested assets:
Fee based: ranging from 0.75% to 1% of assets under management
or
Fee only: Hourly fee $250 / hour or annual all inclusive fee ranging from $2500 to $5000 / year
or
For those with less than $250,000 of Invested assets:
It will likely be more economical for you to invest in regular mutual. We then get paid via commissions from the investment companies.
How do mutual fund costs work?
If you’re new to mutual fund investing and wondering how it works, here’s a breakdown of how the fees are structured. This information will be familiar to you if you’re already investing in mutual funds with other institutions.
Option #1:
You pay no fees or commissions up front but will be charged an early redemption charge
The fund companies charge a fee if you redeem your investment within 6 or 7 years. We’ll help you understand the specific rules for the funds you select, and you can always refer to the prospectus from each fund company. This is only suitable for long-term investments.
Option #2:
Pay the mutual fund commission up front
You pay an up-front commission on each dollar you invest. The fee is 1% to 2% of your investment, depending on the size of your investment.
Alternatively, you can choose to engage us for an hourly fee. We will help you figure out the best option for you.
If you have highly complex financial needs that require extensive work, we may charge an additional fee. Of course we’ll talk with you about this ahead of time so you know what to expect and agree.
Please note that the above fee structure is fairly standard for full service financial planner. Our fee-based structure tend to be more competitive and our service much more inclusive.
Our Letter of Engagement will be given to you when you book your first appointment. This document outline what you can expect from us and all the fee options in more details.
