Open World Financial Life Planning (OWFLP) provides investment management and financial planning services to individuals. Investment management involves creating and managing tailored investment portfolios based on a client's goals and risk tolerance. Financial planning covers retirement, risk management, college savings, cash flow, debt management, work benefits, and estate planning. OWFLP also offers hourly and comprehensive financial planning services.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 0.65% |
| $500K - $1.0M | 0.50% |
| $1M+ | 0.40% |
Maximum fee is $15,000, increasing by 3% annually starting in 2026. Comprehensive financial planning fees will be waived for any clients that also choose to use the investment management service, and whose fees from that service result in a billable revenue of over $3000 per year. In order for this discount to be applied, $3000 or more must have been billed to the client within the previous 12 months or the client must have an aggregate account balance of over $600,000 and have maintained it for one full quarter.