Financial Asset Management Corporation offers comprehensive financial planning and investment management services. Financial Asset Management Corporation helps clients meet their life goals through resources such as cash flow analysis, tax planning, retirement planning, education planning, estate planning, investment analysis, and insurance reviews. The firm tailors its advisory services to individual needs by assessing risk tolerance, time horizons, and liquidity constraints. Client portfolios are primarily built using mutual funds, exchange-traded funds, individual debt and equity securities, and independent managers. Financial Asset Management Corporation operates on a fee basis, charging initial and ongoing fixed fees based on investable assets.
Fee Structure
Financial Asset Management Corporation charges an initial and quarterly fixed fee based on the amount of investable assets you have with the firm. Investable assets include investment accounts, cash, individual retirement accounts, employer-sponsored retirement accounts, stock options, and bank accounts (excluding real estate).
Fees are determined using the following structure:
- Up to $750,000 — $4,400 initial fee, followed by $2,200 per quarter
- $1,000,000 — $5,000 initial fee, followed by $2,500 per quarter
- $1,250,000 — $5,600 initial fee, followed by $2,800 per quarter
- $1,500,000 — $6,200 initial fee, followed by $3,100 per quarter
- $1,750,000 — $6,800 initial fee, followed by $3,400 per quarter
- Above $1,750,000 — Adds an additional $600 to the initial fee and $300 to the quarterly fee for each $250,000 increase.
The initial fee covers the first six months of service, with fifty percent due when signing and the rest due forty-five days later. Ongoing quarterly fees begin after six months and are billed in arrears. These fees remain the same for three years before being adjusted based on current investable assets. Some legacy clients are charged based on assets under management ranging from 0.60% to 1.00% annually.