Our Fees
Experience a Fee-only Solution to Financial Planning.
Personal Prosperity operates as fee-only, which means we do not receive hidden fees or commissions and you know exactly the fees your are paying for services. The fee-only model eliminates many of the inherent conflicts associated with advisors who receive compensation from selling investments and/or insurance products. You can expect to receive recommendations that put you first and focus on your best interests.
Our Philosophy
Our transparent fee structure was developed with the following considerations:
Fairness
Considerable effort was expended to develop a structure that is fair to both parties.
Competitiveness
We believe our rates are very competitive for the comprehensive and personal service provided by Personal Prosperity.
Flexibility
Pricing targeted toward specific services allows clients to better understand what services they are paying for.
Our Two-Part Process
Two-part pricing was developed to better encompass the fee structure philosophy and to reflect our approach to planning.
1. Ongoing Financial Planning Services
Initial planning set up fees range between $500-$5,000, depending upon complexity.
Ongoing financial planning services are billed monthly at an annual rate of between $2,400 and $12,000, depending upon the complexity of your situation and the scope of services provided. The monthly fee covers monitoring and implementation of the plan, addressing financial questions throughout the year and efforts such as portfolio assessments, tax planning and insurance reviews.
2. Investment Management Services
Separating financial planning and investment management services allows investment management activities to be provided at a lower rate. Fees are charged on a tiered basis only for assets under management by Personal Prosperity:
0.60% annually
on managed portfolio value up to $1,000,000
0.50% annually
on managed portfolio value between $1,000,001 and $3,000,000
0.40% annually
on managed portfolio value between $3,000,001 and $5,000,000
0.30% annually
on managed portfolio value above $5,000,001