It is very important that you came to this page. How we are compensated directly affects our planning. We strive to be a fiduciary for all clients, but we acknowledge that all forms of compensating an advisor inherently creates a conflict of interest. To combat this, we believe financial planning fees should be transparent and easy to calculate for all new and current clients.
Halyard Financial is a fee-only financial planning firm. This means we do not receive commissions or kickbacks for any advice we recommend. The only thing we get paid for is the advice that we provide for you.
We use a complexity-based calculation to determine your fee. There is an income and asset component. Income is based on adjusted gross income from the prior year tax return. Investable assets are all marketable investments in retirement and brokerage accounts. Illiquid assets include real estate or assets without readily available prices – we calculate the fee for this category based on the amount paid for the investment (cost basis). Your personal assets like homes, cars, etc are never included in this calculation.
|Range||< $150,000||< $1,000,000||$1,000,000 +|
Someone with $250,000 in investable assets, $200,000 of income and a real estate investment property worth $200,000 would be calculated as such:
1) Income – 150,000 * 1% + 50,000 * 0.25% = 1,625
2) Investable Assets – 250,000 * 0.75% = 1,875
3) Illiquid Assets – 200,000 * 0.15% = 300
Grand total fee for comprehensive wealth management and tax preparation = 3,800
Our fee is calculated when we enter or renew an agreement and is fixed for the duration of the agreement (typically a year). This fee is paid in either monthly or quarterly installments and can be deducted from your investments accounts if you choose to use our custodian.
We only offer one service model, and that is comprehensive financial planning. Included in our fee is: portfolio management, retirement planning, tax management, estate planning, probate minimization techniques, insurance planning and anything else that affects your lives. We offer all of our clients an unlimited support system: you can contact us as much or little as you like without fear of any additional hourly charges. All the work we do and advice we give is covered under your fee.
In addition to financial advising, we encourage our clients to use us for any tax preparation needs. All clients receive tax preparation included in their wealth management fee. This can save the client between $300 – $1,000 depending on who currently does their taxes.
If this type of relationship is something you would like to explore, please schedule a time to meet with us so we can learn if we are a fit for your needs: