Financial Consulting Associates is an independent registered investment advisor founded in 1983 and led by sole principal Dan M. Bereck. Operating out of Montrose, Colorado, the firm specializes in investment management using open-end, no-load mutual funds on a discretionary basis, holding client assets securely at Charles Schwab. In addition to investment management, Financial Consulting Associates has traditionally provided tax preparation and planning services. The firm operates as a fiduciary, legally required to act in the best interest of clients. Please note that Financial Consulting Associates is currently closed to new clients as the principal approaches retirement.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $50K | 1.50% |
| $50K - $100K | 1.50% |
| $100K - $200K | 1.25% |
| $200K - $500K | 1.00% |
| $500K - $1.0M | 1.00% |
| $1.0M - $1.5M | 0.70% |
| $1.5M - $2.0M | 0.60% |
| $2M+ | 0.60% |
Fees for accounts over $2,000,000 are negotiable. Clients with accounts over certain thresholds who have participated for over 3 or 6 years qualify for longevity discounts.