"Navigating Toward Your Personal trueNorth"
We will only take you on as a new client when we feel confident that the value
of the services we provide will exceed the financial commitment you make to us.
Integrated Life Planning
Integrated Life Planning combines financial planning with portfolio management,
and is our most comprehensive level of service. We serve as your financial partner;
we select and monitor investments for your portfolio, manage the investment risk in
that portfolio, maintain a planning process that keeps your finances aligned with
your personal goals, and serve as a trusted sounding board when financial decisions arise.
The Integrated Life Planning fee is based on two components, a financial planning component and an
investment management component, which are combined to calculate the total annual fee.
The financial planning component: The ongoing financial planning retainer is $250 per quarter.
In addition, there is a one-time, upfront fee of $3,000 to develop the initial financial plan, due upon signing of the contract.
The investment management component: The investment management fee starts at 1.0% of
Assets Under Management (AUM) with a minimum quarterly charge of $625 per quarter.
The management fee percentage is on a declining scale for assets over $250,000 per
the following schedule:
Assets
Base + Percent Formula
$250,001 - $500,000 Annual Fee $2,500 + 0.70% of portfolio value over $250,000
$500,001 - $750,000 Annual Fee $4,250 + 0.55% of portfolio value over $500,000
$750,001 - $5,000,000 Annual Fee $5,625 + 0.40% of portfolio value over $750,000
Over $5,000,001
Annual Fee $22,625 + 0.25% of portfolio value over $5,000,000
Integrated Life Planning fees are billed quarterly in advance. The investment
management (AUM) component is based on the portfolio balance at the start of the quarter;
initial fees for partial quarters are prorated.
Retirement Scenario Planning
This service is ideal for people looking to retire within the next 1-10 years, or who are already in retirement.
It is geared toward individuals and couples who want to explore various retirement planning scenarios.
By the end of this engagement, you will have a clearer picture of your retirement readiness, or, if already retired,
your retirement security.
The Retirement Scenario Planning service costs $3,000, due upon signing the contract.
Hourly Financial Planning Project Fees
trueNorth offers restricted-scope hourly financial planning on a limited basis, and
only to clients who reasonably expect to engage the firm for Integrated Life Planning services within the next few years.
Our hourly rate is currently $150/hour. You are billed for any meeting time,
plan preparation/presentation time, and any hard costs.
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