Modern Dollar Planning, LLC is a registered investment advisor founded in 2015 and based in St. Louis, Missouri. The firm is owned and operated by Mark Schweiss and manages over $159 million in client assets. Modern Dollar Planning specializes in providing integrated wealth management services that combine ongoing financial planning and discretionary investment management. The firm follows a passive investment philosophy, utilizing low-cost exchange-traded funds and academic research to build diversified, tax-efficient portfolios tailored to each client's specific goals, time horizon, and risk tolerance. In addition to ongoing wealth management, Modern Dollar Planning offers one-time financial planning engagements. The firm works primarily with individuals, high net worth individuals, trusts, and estates, and requires clients to hold their assets with a recommended custodian such as Fidelity Institutional Wealth Services.
Fee Structure
Modern Dollar Planning charges a fixed quarterly fee ranging between $1,000 and $10,000 (equaling $4,000 to $40,000 annually) for ongoing wealth management and discretionary investment management. This fee is determined based on factors such as the complexity of your financial situation, your stage of life, income, net worth, and portfolio complexity. The fee covers both ongoing financial planning and investment management services. Fees are paid quarterly in arrears and are typically deducted directly from your investment account.