What you pay matters to us! As a Denver Wealth Management client, our ultimate goal is to help you achieve your financial goals. We always seek to design long-term diversified investment strategies built within a planning process that finds the most cost-efficient, high value ways to manage your money. We want you to know exactly what you pay so there are no unexpected or unexplained costs.
Advisory Account Fee Schedule
$0 - $100,000 1.50%
$100,000 - $250,000 1.30%
$250,000 - $500,000 1.20%
$500,000 - $999,999 1.10%
$1,000,000 - $2,000,000 1.00%
$2,000,000 + .75%
With a tiered-fee schedule, as your account value increases, the fee charged decreases. Here is an example of how this works:
If you deposit $150,000, your first $100,000 will be charged 1.50% and the remaining $50,000 will be charged 1.30%.
$100,000 * 1.50% per year = $1,500
$50,000 * 1.30% per year = $650
So, the total of your first-year account fee would be $2,150 or 1.43%. This incentivizes us to the grow the account and gives you price breaks as your account value increases.
Comprehensive Financial Plan – $1,500 – $5,000
Includes goal setting, cash flow analysis,
Insurance planning, short-term savings goals,
Investment analysis, detailed retirement plan forecast,
Monte Carlo analysis & estate plan review.
Plan updated annually.
There are miscellaneous fees that LPL could also charge. For many of our clients, they can expect an annual $40/year retirement account fee for retirement accounts less than $250,000. In addition, there are trading costs when we buy or sell mutual funds and exchange traded funds (ETF’s). These costs range from $0-26.50 per transaction.
There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.