Hammond Asset Management offers financial planning services and helps clients select third-party investment advisors. Hammond will create a written financial plan covering areas like cash management, retirement, and education funding. Hammond also monitors the third-party advisors and acts as the client's primary financial advisor.
Hammond Asset Management does not directly manage investments. Instead, they help you select a third-party investment advisor. Hammond's fee for this service ranges from 1% to 2% of the assets managed by the third-party advisor. This fee is negotiable based on the size of your accounts and is collected by the third-party advisor.