Family Life Financial Planning offers investment advisory services through third-party money managers and individually tailored investment portfolios. They help clients select an appropriate allocation model, interact with outside managers, and review their performance. They also provide financial planning services, including comprehensive and modular plans, covering areas like cash flow, college savings, estate planning, insurance, retirement, and tax planning. Clients work one-on-one with a planner to design and monitor their plan.
Fee Structure
Family Life Financial Planning offers investment management services with or without financial planning.
With Financial Planning (for accounts over $190,000):
- $0-$50,000: 2.00% per year
- $50,001 - $100,000: 1.75% per year
- $100,001 - $250,000: 1.25% per year
- $250,001 - $500,000: 1.00% per year
- $500,001 - $1,000,000: 0.75% per year
- Over $1,000,000: 0.5% per year
Without Financial Planning (for accounts under $190,000):
- $0-$50,000: 2.00% per year
- $50,001 - $100,000: 1.75% per year
- $100,001 - $190,000: 1.25% per year
There is a minimum annual fee of $3,000, billed $750 per quarter, for accounts with financial planning. Clients with less than $190,000 in assets under management will be assessed a financial planning fee on top of the asset management fee to bring the total annual fee to the $3,000 annual minimum. All fees are negotiable.