Bowen Financial Planning offers financial planning and investment management services. They work with clients on a fee-only basis, meaning they don't accept commissions. Fees are based on a percentage of assets managed and/or a fixed hourly rate. They act as a legal fiduciary, always working in the client's best interest. The firm anticipates receiving 10% of its fees from hourly-based consulting and 90% from ongoing asset management.
Fee Structure
Bowen Financial Planning's investment management fees are based on a sliding scale that decreases as the value of assets under management increases.
For workplace accounts (401ks, 403bs):
- 0.35% annually for the first $1,000,000
- 0.25% annually for amounts over $1,000,000
For private accounts (IRAs):
- 0.75% annually for the first $200,000
- 0.60% annually for amounts between $200,000 and $500,000
- 0.45% annually for amounts between $500,000 and $1,000,000
- 0.30% annually for amounts over $1,000,000
For private accounts while managing at least one workplace account:
- 0.45% annually for the first $1,000,000
- 0.30% annually for amounts over $1,000,000
A minimum annual fee of $150 is generally required.