Model Wealth provides financial planning and investment management services. They offer financial planning engagements for specific goals or comprehensive plans, billed hourly or as a project. Their wealth management program combines portfolio management and ongoing financial planning for a flat annual fee. Model Wealth constructs portfolios based on client goals and risk tolerance, held at independent custodians.
Fee Structure
Model Wealth provides ongoing financial planning and investment management services for a flat annual fee based on the scope of services and complexity of the client's financial situation. Alternatively, Model Wealth may charge a percentage-based fee not to exceed 0.75% of the client’s total portfolio value where the size of a client’s portfolios could make the annual flat fee excessive.
Model Wealth also uses Betterment for Advisors and Vanguard Personalized Investment Management (VPIM). Betterment charges a fee of 0.15% (subject to a maximum annual fee of 0.50%), and VPIM charges a tiered fee with a maximum annual fee of 0.20%. These fees are in addition to Model Wealth's management fee.