Fees for Financial Planning and Investment Management
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.
There are many ways financial advisors are paid, but many don’t provide a full range of financial planning services to earn their fee. Everything is integrated in this service at Lazarus Financial Planning -- initial financial planning, implementation assistance, ongoing investment management, and ongoing financial planning -- and included in a single, flat, predictable, annual fee.
Are you currently getting the same value?
|Comparison of Services and Fees||Lazarus Financial Planning||Asset-based Advisor||Commissioned Advisor|
Form of compensation
Flat annual fee
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 will your fee be for Financial Planning and Investment Management?
Your fee will be:
- First: calculate your net assets. Next: identify the corresponding annual fee on the fee table found below.
- This annual fee is paid monthly, via direct debit from an account of your choosing.
- For new clients: there is a one-time "getting started" fee equal to 25% of the annual fee.
Please note: I only work with a select number of financial planning clients, each paying fees based on their net asset level. Currently, the first seven tier levels are full. If your net assets point to one of these, your annual fee will be $18,780 and your one-time "getting started" fee will be $4,695. I will only consider an exception to this minimum for high income households who have a demonstrated commitment to a high level of savings.
Alternatively: please consider my SRI Investment Management standalone service.
|Net Assets [total assets - total liability]||Fixed Annual Fee||-and-||One-Time Getting Started Fee|
|$0 - $500,000||$4,500||-and-|
|$500,000 - $750,000||$6,300||-and-|
|$750,000 - $1 million||$8,100||-and-|
|$1 million - $1.25 million||$9,480||-and-|
|$1.25 million - $1.5 million||$10,860||-and-|
|$1.5 million - $1.75 million||$12,060||-and-|
|$1.75 million - $2 million||$13,320||and|
|$2 million - $3 million||$18,780||-and-||$4,695|
|$3 million - $4 million||$24,300||-and-||$6,075|
|$4 million - $5 million||$29,760||-and-||$7,440|
|$5 million - $6 million||$35,220||-and-||$8,805|
|$6 million - $7 million||$40,740||-and-||$10,185|
|$7 million - $8 million||$46,200||-and-||$11,550|
|$8 million - $9 million||$51,660||-and-||$12,915|
|$9 million - $10 million||$57,180||-and-||$14,295|
For each $1m of net assets over $10 million