Leonard Rickey Investment Advisors (LRIA) offers financial planning, consulting, and investment management. Financial planning covers retirement, investments, insurance, estate, tax, and education. LRIA manages investments using mutual funds, exchange-traded funds (ETFs), and individual stocks and bonds. They also offer advice on variable life/annuities, employer-sponsored retirement plans, and 529 plans. LRIA tailors services to individual client needs, considering risk tolerance and time horizon. Account monitoring services are also available, providing consolidated performance reporting without investment management.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 1.00% |
| $250K - $1000K | 0.85% |
| $1.0M - $3.0M | 0.70% |
| $3.0M - $5.0M | 0.50% |
| $5.0M - $9.0M | 0.30% |
| $9M+ | 0.50% |
Assets of multiple clients within the same family are typically aggregated in calculating the appropriate fee rate. For certain clients, the fee may be based upon a different fee rate. Clients receiving investment management or account monitoring services will generally be charged an annual administration fee of $50 per account with $12.50 charged per quarter. In addition, new clients receiving investment management, account monitoring, or financial planning services will be charged an onboarding fee of $500, which shall be due upon the signing of the advisory agreement. These fees may be waived at the discretion of LRIA.
