Charleston Financial Advisors is a registered investment advisor based in Charleston, South Carolina, offering investment management and financial planning services. Operating as a fiduciary, the firm works with clients on a fee-only basis, meaning they do not accept commissions or wrap fee programs. Their investment philosophy relies on long-term, passive asset allocation using low-cost mutual funds and exchange-traded funds tailored to each client's risk tolerance. The firm also assists clients with selecting and monitoring independent managers. In addition to portfolio management, Charleston Financial Advisors provides financial planning services covering retirement, risk management, college savings, and estate planning through hourly or project-based engagements. The firm serves individuals at all stages of life, as well as trusts, estates, and retirement plans, maintaining a standard account minimum of $500,000.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.00% |
| $500K - $1.5M | 0.90% |
| $1.5M - $3.0M | 0.80% |
| $3.0M - $5.0M | 0.70% |
| $5.0M - $7.5M | 0.60% |
| $7.5M+ | 0.50% |
Fees are charged quarterly as a percentage of assets under management. There is a $1,000 annual minimum fee, which can be waived at the firm's discretion. Flat fees are negotiable for clients with $2,000,000 or more. Aggregated held-away accounts are billed at half the standard rate.
