Carl M. Hennig, Inc. provides investment advice, but clients make the final decisions on their investments. The firm has two service packages. One involves referring clients to other investment advisors who manage money through RBC Capital Markets. The other involves providing direct advice on stocks, bonds, mutual funds, and ETFs. Carl M. Hennig does not manage client assets directly except in service package 2.
Fee Structure
Carl M. Hennig, Inc. offers two service packages:
Service package 1: Refers clients to third-party advisors who manage investments through RBC Capital Markets programs. The fees for these programs range from 0.5% to 3% per year, based on the amount invested, and are paid quarterly in advance. There is a minimum annual fee of $125 per account. Carl M. Hennig receives a portion of the fee the client pays to the third-party advisor.
Service package 2: Provides direct advice on stocks, bonds, mutual funds, and ETFs. The fees range from 0.5% to 3% per year, based on the amount invested, and are paid quarterly in advance. There is a minimum annual fee of $300 per account. Carl M. Hennig receives a portion of the program fee.