At B.E.S.T. Wealth Management we understand that in order to have successful client relationships we must create a win-win environment. Our compensation method is a fee-based arrangement, not commission-based. What this means in layman’s terms is that we charge an annual percentage of the investments that we manage. This aligns our interests with that of the clients’ – as your account grows both parties benefit. In other words, we have a vested interest to grow your account. As a result, this also provides motivation for us to seek to protect your accounts.
We feel this arrangement is much better than a commission-based arrangement which does not always align the interests of both parties. Under this arrangement, there are two potential conflicts of interest: (1) there is no vested interest to grow the accounts since the compensation was received upfront in a lump sum, and (2) the advisor might be tempted to move the investments around in order to receive another commission rather than doing so because it’s in the client’s best interest. Please see our Pricing Schedule below.
Financial Planning and Investment Fee Schedule *
|Account Size||Annual Advisory Fee|
|$1 – $99,999||1.45%|
|$100,000 – $249,999||1.40%|
|$250,000 – $499,999||1.35%|
|$500,000 – $749,999||1.25%|
|$750,000 – $999,999||1.20%|
|$1,000,000 and up||1.00%|
Company Sponsored Retirement Plan Fee Schedule*
|Plan Size||Annual Advisory Fee|
|$1 – $999,999||1.00%|
|$1,000,000 – $2,499,999||0.75%|
|$2,500,000 – $4,999,999||0.65%|
|$5,000,000 – $7,499,999||0.50%|
|$7,500,000 – $9,999,999||0.40%|
|$10,000,000 and up||0.30%|
* Minimum fee of $2,000 / year (exceptions may apply). Minimal transaction charges may also apply, which are charged by our custodian, TD Ameritrade.