Turning Point Financial is an independent financial planning and wealth counseling firm based in Frederick, Maryland. The firm offers comprehensive financial planning, discretionary investment management, tax planning and accounting services, and retirement plan consulting. Turning Point works with individuals, families, entrepreneurial business owners, and high-net-worth clients. Clients can access investment management and financial planning as bundled services or as standalone offerings. The firm utilizes third-party custodians and sub-advisors, including SEI Private Trust Company and Charles Schwab & Co., to maintain client accounts and implement customized investment strategies and model portfolios. Turning Point operates as a fiduciary, putting client interests first, and employs a team-based approach involving Certified Financial Planners, investment advisor representatives, and CPAs to deliver tailored financial solutions.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.60% |
| $500K - $1.0M | 1.25% |
| $1.0M - $3.0M | 1.00% |
| $3.0M - $5.0M | 0.85% |
| $5.0M - $10.0M | 0.75% |
| $10M+ | 0.65% |
Fees are guidelines and may be negotiable. Additional asset management model fees ranging from 0.15% to 0.60% may apply depending on the chosen strategy.