Purpose Wealth provides financial planning and investment management services. Financial planning covers retirement, education, cash flow, debt, tax, insurance, career, and business owner support. Estate planning services are also offered through a third-party digital provider. Investment management is offered on a discretionary basis, creating a tailored investment strategy for each client. Purpose Wealth primarily uses low-cost ETFs and index funds.
Fee Structure
Investment management is typically not offered as a standalone service, but clients can engage Purpose Wealth for it. If you choose investment management, it's included in the fixed financial advisory fee, which ranges from $7,500 to $20,000 per year, depending on the complexity of your financial situation. This fee is negotiable and increases by 3% annually to account for inflation.