Korving & Company LLC manages investment portfolios and provides financial planning and consulting services. Korving & Company tailors its investment advisory services to help clients achieve long-term personal goals such as a comfortable retirement, funding education, or leaving a legacy, with a focus on generating sustainable retirement income for retirees. The firm primarily builds diversified portfolios using no-load or load-waived mutual funds and exchange-traded funds, alongside direct investments in stocks and bonds when appropriate. Korving & Company operates primarily on a discretionary basis, meaning they make trades on your behalf without asking first, though non-discretionary arrangements are available. In addition to portfolio management, clients can request standalone financial planning and consulting covering areas such as budgeting, retirement goals, cash flows, insurance needs, and estate planning review. The firm generally recommends Charles Schwab & Co. as the custodian for client assets.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 1.25% |
| $250K - $500K | 1.15% |
| $500K - $1.0M | 1.00% |
| $1.0M - $2.0M | 0.90% |
| $2.0M - $5.0M | 0.80% |
| $5M+ | 0.80% |
Fees for accounts of $5,000,000 and greater are negotiable. Fees are based on total assets under management and are not charged incrementally at each tier.