There are many ways financial planners are paid, but many don’t provide a full range of financial planning services to earn their fee.
Everything is integrated at Lazarus Financial Planning -- initial financial planning, implementation assistance, ongoing investment management, and ongoing financial planning -- and included in the flat, predictable, monthly, full service retainer fee.
Are you currently getting the same value?
|Comparison of Services and Fees||Lazarus Financial Planning||Asset-based Advisor||Commissioned Advisor|
Form of compensation
Percentage of portfolio
Minimum investable assets
Puts your interests
Cohesive overall strategy
Goals setting and monitoring
Net worth review
Cash flow management
Assistance choosing or refinancing a mortgage
Assistance making decisions about financing
Proactive tax planning and minimization
Review and selection of employee benefits
Review and selection of insurance policies
Portfolio design, implementation and monitoring
Selection of specific investments for every account
Socially responsible mutual funds
Planning topics specific to unmarried couples
Planning topics specific to women
Harmony between couples around money
Collaboration with attorneys, CPAs, insurance agents, etc
Proactive review & adjustment to evolving circumstances
What are the fees for Financial Planning and Investment Advisory Services?
Lazarus Financial Planning is a fee-only financial planning firm, which means I am paid only by you.
- I do not sell products -- such as: investments, annuities, or mutual funds -- to subsidize the cost of planning.
- I do not accept commissions or referral fees based on the advice I provide you.
At Lazarus Financial Planning:
- New clients, upon signing the Letter of Agreement, pay a one-time "getting started" fee equal to three months of the monthly retainer fee.
- The ongoing, fully transparent, flat, predictable, monthly fee is your full service retainer fee. The following fee table outlines how I calculate your fee.
How do I pay you?
- You pay me directly by check, each month. I will help you set this up so it happens automatically.
- I do not deduct any fees from your investment accounts.
Please note: the first six tier levels are currently full. If your net worth points to one of these, your retainer fee will be $1,030/month and your one-time "getting started" fee will be $3,090. I will consider an expection to this minimum for high income households who are committed to a high level of savings.
|Net Worth |
Net Worth [total assets - total liability]
Getting Started Fee
|$0 - $500,000||$350||-and-|
|$500,000 - $750,000||$490||-and-|
|$750,000 - $1 million||$630||-and-|
|$1 million - $1.25 million||$735||-and-|
|$1.25 million - $1.5 million||$840||-and-|
|$1.5 million - $1.75 million||$935||-and-|
|$1.75 million - $2 million||$1,030||-and-||$3,090|
|$2 million - $3 million||$1,455||-and-||$4,365|
|$3 million - $4 million||$1,880||-and-||$5,640|
|$4 million - $5 million||$2,305||-and-||$6,915|
|$5 million - $6 million||$2,730||-and-||$8,190|
|$6 million - $7 million||$3,155||-and-||$9,465|