Lighthouse Retirement, operating as Martin D. Parlato & Associates, provides ongoing investment management to separately managed accounts. They create customized investment portfolios based on client information gathered through meetings and interviews. Lighthouse also offers financial planning services, ranging from comprehensive plans to focused consultations. Clients can choose to implement investment recommendations, but are not obligated to do so.
Fee Structure
Lighthouse Retirement's fee for investment management is a fixed percentage of your portfolio, up to 2.00%, and varies by client. There is a minimum quarterly fee of $250. If your portfolio is less than $500,000, you will typically pay a minimum annual fee of $1,000. Fees are usually deducted directly from your account. If margin is used, fees are charged on the total value of the account, including the borrowed portion. The firm also directs clients to third-party investment advisors, which will result in additional fees.