Encourage Financial provides wealth management services that combine personalized financial planning and portfolio management into a single package. The planning component covers cash flow and budgeting, retirement projections, tax planning and return preparation, insurance reviews, education funding, estate planning strategies, and specialized guidance for divorce or special needs situations. For portfolio management, Encourage Financial designs customized investment strategies using a mix of exchange-traded funds, mutual funds, and individual stocks and bonds, operating on a non-discretionary basis where clients approve trades beforehand. While the firm prefers to bundle planning and investment management together, clients can also hire Encourage Financial for standalone financial planning or portfolio management projects. The firm does not require a minimum investment or account size to open an account.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.25% |
| $500K - $1.0M | 1.00% |
| $1.0M - $3.0M | 0.85% |
| $3.0M - $5.0M | 0.65% |
| $5M+ | 0.50% |
Published fees are negotiable and may be discounted for associates, family members, or pre-existing relationships.