Fortunate, LLC is a registered investment advisory firm that refers clients to third-party investment managers like Formula Folio Investments, AssetMark, Inc., and The Pacific Financial Group. Devin Henderson meets with clients to discuss their financial situation and recommends a suitable third-party manager. Fortunate also works with businesses to design retirement plans, coordinating with third-party administrators and custodians.
Fee Structure
Fortunate, LLC refers clients to third-party investment managers. The fee for this referral service and ongoing contact about performance reviews is typically 1% annually, though it may be negotiated lower for less aggressive strategies or other reasons. This fee is paid to Fortunate by the third-party manager, who collects the total fee from your account custodian monthly. The third-party managers typically invest in mutual funds, which have their own operating expenses and management fees.