No, a minimum asset requirement is not enforced. Generally speaking, client families have $250,000 of net worth, or more. This figure is provided only to help describe a typical client family. It is not a requisite. 

What is the cost of FinancialFamilies’ services?

Financial planning and investment management services are provided for an annual fee. If you are, or become, a millionaire, the annual fee is $3,000. If you are not a millionaire, the fee is $2,000.

How are other advisors compensated?

The vast majority of personal financial advisors receive commissions. Commission levels are based on product types and amounts and the financial institutions involved. Assets Under Management (AUM) fees are also common and range from 0-2% of annual account values, obviously dependent on other factors and subject to a minimum investment requirement.

I am already retired. Am I too old for FinancialFamilies?

Probably not! Many retirees seek assistance in using their investment portfolio for retirement goals. Preserving assets to pay for living expenses to the end of life, short and long-term medical care costs, managing finances through reduced capacities, putting financial management services in place for the sake of a surviving spouse, providing for other family members, and a preference for fiduciary services are a few, among many, common reasons retirees reach out to FinancialFamilies.

Where are client investment accounts held?

Families can hold their investment accounts wherever they prefer. Most client families choose to hold their accounts at Altruist (https://altruist.com/client-hub/).

Do you have contract periods?

The best way to understand the extent of the service is to experience it firsthand. Therefore, the service has been designed without contract periods. Your family can end the relationship at any time. The retainer is prorated daily. There are no strings attached.

What is ongoing financial planning?

Financial markets, and the families that must navigate them, are constantly evolving. Financial and personal gains are secured through regular, well-informed management of resources and behaviors.

How often are client meetings?

How often would you prefer? Two meetings each year is common. At least one formal meeting is required each year. Ultimately, the number of client meetings depends entirely on how often client families desire, and are able, to meet. Some families come to prefer the ease of email, phone, and video call contact. 

I’m interested. Now what?

Great! It is an honor to have an opportunity to help your family bring success home. Please use the contact information directly below to schedule a no-obligation, free Concept Meeting.