MPS LORIA Financial Planners offers investment advice and financial planning to clients. They interview clients to understand their needs, goals, and risk tolerance. For investment services, they determine if accounts will be managed with or without their discretion. They analyze risk and client goals to allocate assets, potentially providing an Investment Policy Statement. The firm primarily uses Charles Schwab as a custodian. For financial planning, a separate agreement outlines the services. MPS LORIA doesn't offer tax or legal advice and recommends clients consult with their own CPA and/or attorney. They also offer pension consulting services to employee benefit plans.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $999K | 1.25% |
| $999K - $3.0M | 1.00% |
| $3.0M - $5.0M | 0.75% |
| $5M+ | 0.75% |
Fees for accounts holding CDs and certain fixed income will be determined on a case-by-case basis. A Firm Supervisor can authorize a lower fee on a case-by-case basis.