Our Fees and Minimums
Financial Management Concepts is a registered investment advisor (RIA) with the Securities Exchange Commission (SEC). Registration does not imply a certain level of skill or training.
We are a fee-only retirement planning and investment management firm. We do not sell any financial or insurance products for a commission. We are paid solely the fee our client pays us.
SERVICES OFFERED
| Service and Fee Comparison | FMC | Fee Based & Commission Advisor | Commissioned Salespeople Banks /Brokerage Firm Insurance Firm |
|---|---|---|---|
| Fiduciary Duty | YES | Maybe | No |
| Portfolio Analysis | YES | Yes | No |
| Investment Management (ongoing) | YES | Maybe | No |
| Nest Egg Stress Test® | YES | ? | ? |
| Net Worth Review | YES | ? | ? |
| Tax Minimization (Return Preparation Available) | YES | ? | ? |
| Estate Planning | YES | ? | ? |
| Retirement Roadmap® | YES | ? | ? |
| Insurance Reviews | YES | ? | ? |
| Insurance Shopping | YES | ? | ? |
| Mortgage Review Assistance | YES | ? | ? |
| Major Purchase & Assistance | YES | ? | ? |
| Healthcare Planning | YES | ? | ? |
| Retirement Coaching | YES | ? | ? |
| Auto Buying @ Wholesale Prices | YES | ? | ? |
Our fee is based on the complexity of our client's situation. To determine complexity we charge a percentage of investable assets on a yearly basis as follows:
- 1.2% of portfolios/accounts under $1 million.
- 0.70% of portfolios/accounts greater than $1 million.
To give an idea of what you might expect to pay, here are four blended rates based on our fee schedule:
$1mm = 1.20%
$2mm = .95%
$3mm = .86%
$3mm+ = .70%*
* Portfolios/accounts exceeding $3mm charged a flat rate of 0.70%
Fees are calculated at the end of each calendar quarter and typically deducted from one or more investment accounts. There is a minimum quarterly fee of $1850.
New clients also incur a one-time initial planning fee of $3,000.
As fiduciaries, we are required to put the interest of our clients before our own. We choose to conduct business this way because we believe it creates a more objective experience for our clients and serves them best.
Our “No Strings Attached” Money Back Guarantee
You Risk Nothing with our No Strings Attached Money Back Guarantee! If, during the first 12 months of working with us, you’re not happy with our relationship, we’ll gladly, cheerfully, give you an immediate and prompt 100% REFUND of any and all fees paid to us, to date. No questions asked!
All investing involves risk, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful. Please see the "Disclosures" link at the bottom of this page for more information.