Hourly
Fee
$200
/ hour
Annual
Retainer*
$5,050
/ minimum (First year of engagement)
$3,050
/ minimum (After first year)
Special
Project Fee**
$1,500
/ minimum
*
The 2010 minimum Annual Retainer fee is $5,050 for the first year of engagement
and $3,050 thereafter. (It will
increase by $50 every year.) Those
paying an Annual Retainer fee will generally receive comprehensive financial
planning advice and investment advice for one year.
The Annual Retainer fee is based upon multiple factors such as net
worth, amount of investable assets, and others.
However, a client that has more than $500,000 of investable assets would
generally have an annual retainer equal to
$3,000 plus 0.4% of all investable
assets greater than $500,000.
Example
1
- A client with investable assets of $500,000 would qualify for the minimum
annual retainer of $5,050 the first year and $3,050 thereafter. (See note.)
Example
2
- A client with investable assets of $750,000 would have an annual retainer of
$5,050 the first year and $4,000 thereafter. (See note.)
Example
3
- A client with $1.5 million of investable assets would have an annual retainer
of $7,000 ($3,000 plus 0.4% of $1.0 million [$1.5 million less $0.5 million]
which is $4,000) (See note.)
**
Special Project Fees are generally calculated at $200/hour.
However, it may be higher or lower depending on the complexity of
the project.
