Patrick Financial Group (PFG) is an investment advisory firm specializing in investment strategies for individuals, high-net-worth individuals, charitable organizations, foundations, trusts, and estates. PFG works with clients to determine their investment objectives and risk tolerance, then allocates and diversifies their portfolio, rebalancing when necessary. PFG manages accounts on a discretionary basis, primarily using no-load mutual funds and ETFs. Clients are responsible for notifying PFG of any changes to their goals.
Fee Structure
Patrick Financial Group charges an annual fee based on the value of your portfolio. As of January 2013, the standard advisory fee is 1.40% per year. Fees may vary based on account size and complexity. In addition to PFG's fees, clients also pay fees to Orion Portfolio Solutions (OPS) based on the following schedule:
- $0 to $50,000: 0.45%
- $50,000.01 to $100,000: 0.35%
- $100,000.01 to $250,000: 0.20%
- $250,000.01 to $500,000: 0.175%
- Over $500,000.01: 0.15%
These OPS fees are shared with PFG.