Our fees are based on your overall level of complexity and take into account your current investments and income, size of your family, where you are on the road to retirement, and special concerns and circumstances.
We do not require minimums and there are no hidden charges or commissions. Everything is integrated at Cuthbert Financial Guidance - initial financial planning, implementation assistance, periodic investment reviews, and financial advice when you need it - are included in our flat, predictable pricing. You'll pay a one-time Get Started fee followed by an ongoing quarterly fee.
FINANCIAL PLANNING PROGRAM
Quarterly Fee Starting at - $600
One-Time Initial Fee Starting at - $1200
There are different ways financial planners are compensated, but many don’t provide a full range of financial planning services to earn their fee. We can help you understand your current costs - often discovering that we can provide a more comprehensive service for less.
|Offering/Fee||Cuthbert Financial Guidance||Asset-Based Advisor||Commissioned Advisor|
|Form of compensation||Ongoing Flat Fee||Percentage of assets managed||Commission (varies by product)|
|Minimum investable assets||None||Typically 1M minimum||?|
|Fiduciary (puts your interests ahead of our own)||Always||Maybe||No|
|Overall strategy review and plan||Yes||?||?|
|In-depth cash flow analysis and management||Yes||?||?|
|Investment education and strategy||Yes||?||?|
|Portfolio design and monitoring||Yes||?||?|
|Proactive tax planning||Yes||?||?|
|Employee benefits review including retirement fund selection||Yes||?||?|
|Insurance policy review and recommendations including life, long-term disability, P&C, and long-term care||Yes||?||?|
|Education planning and strategies||Yes||?||?|
|Retirement needs analysis and projections||Yes||?||?|
|Help creating financial unity between couples||Yes||?||?|
|Collaboration with other professionals including attorneys, CPAs, and insurance agents||Yes||?||?|
Curious about the various ways financial services industry professionals are compensated? While there are variations, we feel there is some confusion regarding how our industry is structured and thought it might be helpful to give you the basics.
Commissioned/Broker-Dealer - These are advisers who generally work with brokerage or insurance houses or the investment arms of large banking institutions. They are paid by commissions on selling products, such as insurance and annuities, and investments, usually in the form of loaded mutual funds or other investment products. The commissions on investment products typically range from 2% - 6% ($20,000-$60,000 on a 1M portfolio) and often decrease the more you invest. The adviser usually does not have a fiduciary responsibility, only what is called a suitability standard for the products sold. In other words, they are legally allowed to place their interests ahead of your own.
Fee-Based - These advisers charge a separate financial planning fee, but may also receive commissions or other fees from the products they recommend or sell. They may or may not operate under a fiduciary standard.
Fee-Only - These advisers do not accept commissions, loads, or referral fees. They generally have a fiduciary responsibility. Many will charge a percentage-based asset management fee, often with an investable asset minimum. We work on a flat-fee model because we believe that assets under management can create a conflict of interest (if we recommend you take some assets to pay off your mortgage or buy investment real estate, we don't run the risk of losing revenue).
Robo-Advisors - There are quite a few of these choices for people who want a hands-off approach to investment management. They usually put your money in low-cost ETF funds and typically charge a fee of around .25%-.5% of assets invested ($2500 - $5000 annual on a 1M portfolio) to manage and rebalance the funds. If they offer additional financial planning it is generally not comprehensive.