Fees
Michael is solely compensated by fees paid by his clients. He receives no commissions or referral fees.
Michael will only take you on as a new client when he feels confident that the value of the services he provides will exceed the financial commitment you make to him.
Fees are calculated depending on the services provided by applying one of the following methods:
Hourly Retirement & Financial Planning Project Fee
Michael’s hourly rate is $175 and applies for Retirement Planning and Financial Planning consultations relating to goal setting, budget review, asset allocation review, or consultations for any other specific set of issues.
Investment Management Flat Fee
Michael charges a flat fee to Investment Management clients. The investment management fee charged is nominally 1% per year applied against the investment portfolio (with break points for portfolios in excess of $1 million), and is billed quarterly. A minimum charge of $1,050 per quarter applies.
The Investment Management fee covers not only the management of investments but also other financial planning services, as needed, such as annual income tax return preparation, retirement planning, and estate planning. If Michael doesn't prepare the annual income tax return for an investment management client, he deducts the client's tax return preparation costs from his annual fee.
Alternatively, the flat fee may be based on the complexity of a client’s specific circumstances and Net Worth, and set at a fixed amount per year.