Investment Management

Investment management generally includes:

• Risk tolerance
• Investment research and portfolio selection
  
• Rebalancing and trading
  
• Monthly or quarterly statements
• Annual performance review
  
• Insurance review
  
• Online account access and downloadable app
  
• Online access to some of the modules in the financial planning software I use (full financial planning has a separate fee)

Not included:

• Sales pressure
• Proprietary products
  
• Day trading
  
• Chasing whatever new investment is in the headlines this week
  

Investment management fees

Brokerage accounts: I pay trade charges to use a trading platform. I pass those charges on to clients but I don't add a markup. Transaction costs range from free to $5 to as much as $40.

Costs are generally reasonable for a buy and hold approach. We do look at alternatives when a charge seems high for a particular transaction. Decisions are usually weighted toward investment goals, tax considerations, or some sudden, urgent need for funds.

If transaction costs are the only important factor to you, we probably won't be a good fit for each other.

Advisory accounts: We can serve our clients with a simple, tiered fee structure based on assets under management.

• 1.25% for the first $100,000, then
• 1.00% to $1 million, then
  
• 0.75% to $2 million, then
  
• 0.50% over $2 million.
  

These are annual rates, charged quarterly, based on average account values.

Important: I can combine spousal accounts so couples pay a lower, blended, household rate.