Golden Years Financial Advisors offers financial planning services and refers clients to third-party money managers for investment management. Financial planning includes help with financial goals, cash flow, tax planning, insurance, education funding, retirement, and estate planning. Golden Years acts as a liaison between clients and the third-party money manager, providing ongoing service and reviewing statements.
Fee Structure
Golden Years Financial Advisors does not directly manage investments. Instead, they refer clients to third-party money managers like Gradient Investments. The fees for investment management are charged by the third-party manager and are a percentage of the assets they manage. Golden Years receives a portion of these fees as a referral fee. For example, with Gradient Investments, fees range from 1.00% to 1.80% depending on the portfolio type, with Golden Years receiving 0.60% to 1.00% and Gradient receiving the rest. A $15 quarterly service fee is also charged.