Comprehensive Financial Management operates as a multi-family office and registered investment advisor, offering personalized investment advisory and family office services to high-net-worth individuals and families. The firm was founded in August 1986 and provides a collaborative approach to wealth management, tailoring investment strategies to fit each client's short-term and long-term goals. In addition to investment management, Comprehensive Financial Management provides financial planning, estate planning, tax management and analysis, accounting and bill pay, financial audit assistance, lifestyle asset acquisition and management, governance consulting, philanthropic management, and risk management consulting. The firm builds customized portfolios utilizing individual stocks and bonds, mutual funds, exchange-traded funds, real estate investment trusts, master limited partnerships, hedge funds, digital assets, private equity, and private credit funds. Comprehensive Financial Management employs both in-house strategies and external managers, and acts as a legally required fiduciary when providing investment advice regarding retirement accounts.
Fee Structure
Comprehensive Financial Management does not charge traditional asset-based percentage fees for managing investment portfolios. Instead, the firm bills clients on an hourly basis depending on the specific arrangements agreed upon with each client family. Employees' hourly rates are based on salary, seniority, and responsibilities. In addition to hourly fees, some clients may be charged performance-based fees on investments, which are negotiated individually and calculated based on investment gains or appreciation. Clients also pay third-party expenses such as custodial fees, brokerage expenses, and fees charged by outside investment managers.