Introductory meetings are always complimentary. Once we discuss your goals and circumstances, we can determine which of the above service models is most appropriate for you. There are no minimum asset or income requirements.
Based on complexity, typically $1,000-$3,000
No asset or income minimums
Clients who are comfortable with a hybrid DIY approach, who just want someone to review the details and make recommendations they can take action on.
Clients who have a specific concern to address, such as preparing to purchase a home, evaluating their investments for appropriateness, creating a proactive, streamlined cash flow plan, and preparing for cohabitation, marriage, or children.
Initial planning fee of $1,000, then an annual retainer fee (charged monthly) based on complexity
No asset or income minimums
Clients who prefer long-term assistance and an accountability partner to check in with.
Clients who prefer someone else to handle all the details and keep them up-to-date on anything they need to do.
Clients who have a complex situation, or who anticipate their situation growing more complex in the near future
Annual advisory fee of 0.50% of assets under management, charged quarterly (minimum household assets under management of $500,000). Financial planning is included.
Annual maximum third-party management fee of $500 per account, not to exceed $1,000 per household.
Blended expense ratio of approximately 0.04% per year.
Clients who prefer professional management of their assets, as well as all the benefits of long-term holistic planning.
Example of Investment Management Fee and Expense Breakdown (not real clients; for illustrative purposes only):
Clients Joe and Amy have a total of $750,000 they wish to have managed for them, spread over an joint brokerage account, Joe's Traditional IRA and Amy's Roth IRA. Their annual fee paid to Future Perfect Planning LLC is $3,750; the annual fee assessed by First Ascent for account administration is $1,000; and they would pay total expenses of about $300 per year to the funds in the portfolios.
Client Bill has one account of $1,000,000. His annual fee paid to Future Perfect Planning LLC is $5,000; the annual fee assessed by First Ascent for account administration is $500; and he would pay total expenses of about $400 per year to the funds in the portfolios.
Clients Alex and Mike have a total of $1,500,000 to be managed, including an individual account for each of them, and a beneficiary IRA Alex inherited from his mother. In addition, their teenage daughter just started a part-time job and would like to fund a Roth IRA with her earnings. Their annual fee paid to Future Perfect Planning LLC is $7,500; the annual fee assessed by First Ascent for account administration is $1,000; and they would pay total expenses of about $600 per year to the funds in the portfolios.
All fees are deducted automatically from the assets managed and are clearly outlined in account statements.