ECHO Financial provides investment management services where they manage client assets based on individual goals and risk tolerance. They may also use sub-advisors. ECHO Financial also offers financial planning services, including a comprehensive evaluation of an investor’s current and future financial state. Financial planning covers financial goals, net worth, cash flow, retirement strategy, risk management, investment planning, tax reduction, and estate preservation. ECHO Financial also offers financial consulting on individual topics. They also hold seminars and workshops.
Fee Structure
ECHO Financial offers investment management services where they manage your investments for a fee of 1.95% of the total value of your portfolio per year. This fee is negotiable. If you close your account within 90 days of opening it, there will be a minimum fee of $150. ECHO Financial may also use sub-advisors to manage your investments. If ECHO Financial uses Frontier Asset Management as a co-advisor, the fee is tiered:
- First $500,000 — 2.00% per year (0.50% to Frontier, 1.50% to ECHO Financial)
- Next $500,000 — 1.80% per year (0.30% to Frontier, 1.50% to ECHO Financial)
- Next $4,000,000 — 1.75% per year (0.25% to Frontier, 1.50% to ECHO Financial)
- Over $5,000,000 — 1.70% per year (0.20% to Frontier, 1.50% to ECHO Financial)
Frontier Asset Management has a $100,000 minimum account size for mutual fund strategies and a $20,000 minimum account size for an ETF strategy.