Douglas A. McClennen provides investment advice and financial planning, emphasizing low fees and diversified portfolios of low-cost index funds. He develops customized strategies based on clients' financial situations and goals, rebalancing portfolios regularly. He also researches individual stocks for some investors, focusing on risk-adjusted returns and patience.
Fee Structure
Douglas McClennen does not charge a percentage of your portfolio. Instead, he charges an hourly rate for his time spent developing and implementing a portfolio structure, financial planning, and research. The hourly rate is $275/hour, billed in 15-minute increments after the first hour, on a quarterly basis. For accounts over $1 million invested primarily in index funds, clients can expect fees to average $500 per quarter per million.