Fee-Only Financial Planning
B.E.S.T. Wealth Management, LLC is a fee-only financial planning firm, meaning
we do not sell products or receive any commissions, product fees, referral fees, or kick back fees of any kind!
Instead, we earn money calculated as a percentage of the assets in your investment portfolio. This fee is only for the financial advice and investment management services you receive, NOT for some product that is sold to you!
This compensation model aligns our interests with yours and encourages us to protect—and increase—your investments. As your portfolio grows, we both benefit.
INVESTMENT MANAGEMENT + FINANCIAL PLANNING
Investments Managed
by B.E.S.T. Wealth *
Annual Fee **
- $1 to $250K
- $250K to $500K
- $500K to $1M
- $1M to $2M
- $2M to $4M
- $4M to $6M
- $6M to $8M
- $8M to $10M
- $10M to $12M
- $12M to $14M
- $14M and Up
- 1.45%
- 1.35%
- 1.25%
- 1.00%
- 0.90%
- 0.80%
- 0.75%
- 0.70%
- 0.65%
- 0.60%
- 0.55%
* All investable assets are generally required to be managed by B.E.S.T. Wealth Management, LLC.
** A flat fee of $750 per year is generally charged for financial planning if assets managed by B.E.S.T. Wealth Management, LLC are under $50,000.
Value-Added Services
- Research-Based Investment Management
- Retirement Planning
- Robust Planning Software Utilized
- Social Security Strategies
- Tax Minimization
- Estate Planning
- Debt Analysis
- Tax Projections
- Insurance Planning
- Comprehensive Financial Planning
- Goal Creation
- Employee Benefits Review
- Retirement Income Strategies
- Stock Option Analysis
- Education Planning
- Pension Analysis
- Cash Flow Analysis
- Budgeting Advice
How Some Financial Advisors Earn Their Keep
Some financial planners work on commission, earning money every time they sell a product to you. These planners are often required to achieve quotas which can result in aggressive sales tactics to meet or exceed their targets.
Many of these advisors work for large institutions—banks, investment companies or insurance firms—that manufacture their own products, limiting the investment choices available to you.
Since commission-based advisors focus solely on selling products, they have little incentive to increase the size of your portfolio or to protect your money.
Additionally, this compensation model creates potential conflicts of interest. Commission-based advisors can be tempted to recommend investments to clients simply to earn another commission or meet a sales quota, rather than considering the client’s goals and risk tolerance.
B.E.S.T. Wealth is free of these limitations!
Our Promise to You
-
No Sales Tactics
-
No Commissions
-
No Investment Limitations
-
No Sales Quotas
-
No Product Selling
Pricing for Other Services
INSTITUTIONAL INVESTMENT MANAGEMENT *
Investments Managed
by B.E.S.T. Wealth
Annual Fee
- $1 to $1M
- $1M to $2M
- $2M to $4M
- $4M to $6M
- $6M to $8M
- $8M to $10M
- $10M to $14M
- $14M and Up
- 1.00%
- 0.75%
- 0.65%
- 0.55%
- 0.45%
- 0.40%
- 0.35%
- 0.30%
* Includes Company Sponsored Retirement Plans (i.e. 401k, 403b, SIMPLE IRAS, etc…), Charities, Religious Institutions, Corporations, Non-Profits, Endowments, Associations, Schools, and Foundations.
TAX PREPARATION *
Level of Complexity
Fee
- Low Complexity
- Medium Complexity
- High Complexity
- $200
- $300
- $500
* Low Complexity is generally defined as someone who only has W-2 wages, retirement income, retirement investments (IRAs, 401(k)s, etc…), and / or a small number of non-IRA investments.
Medium Complexity is generally defined as someone who has multiple non-IRA investments, is self-employed, has multi-state employment, has a small number of rental real estate properties, and / or has trust / partnership income.
High Complexity is generally defined as someone who as similarities of Medium Complexity, but to a larger degree (i.e. large number of rental real estate properties, multiple businesses, and / or multiple sources of trust / partnership income). Any return that is more complex than that of a High Complexity Return will be billed an additional $75 / hour.
Add $50 if tax preparation is for a non-financial planning / investment management client of B.E.S.T. Wealth Management, LLC.
Minimum Investments and Fees Not Required
Our belief is that everyone should have access to financial advice and investment management. As such, you don’t need a minimum amount of investments to work with B.E.S.T. Wealth Management, LLC, nor will we charge you a minimum fee.
What you do need though is an open mind about receiving comprehensive financial planning advice.
Have Further Questions?
Schedule a meeting to learn more about our transparent and simple pricing and how we can help you get your financial life in order!
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