Halyard Financial is a fee-only financial planning firm. 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 quarterly installments and is generally deducted from investment accounts.

The fees we charge are based on the percentage of assets that are under management. We charge a bracket fee based on level of assets. The first $250,000 is billed at a 1.5% annual rate, the next $250,000 is billed at 1.1%, and so on. The table below shows the rates along with the effective rate at each breakpoint:

Total Portfolio$250,000$500,000$1,000,000$2,000,000$5,000,000
Bracket Rate1.5%1.1%0.7%0.5%0.5%
Quarterly Fee$937.50$1,625.00$2,500.00$3,750.00$7,500.00
Effective Rate1.5%1.3%1.0%0.75%0.6%

Someone with $1M in assets under management would pay 1.5% on the first $250,000, 1.1% on the next $250,000, and 0.7% on the last $500,000. This equates to a $2,500 quarterly fee. For every additional $100,000 they added to their portfolio, the quarterly fee only increases by $125.

Included in our fee is all of our financial planning services: savings plans, portfolio management, retirement planning, tax management, estate planning, probate minimization techniques and insurance planning. We offer all of our clients an unlimited “all-you-can-eat” 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 asset management fee. This can save the client between $100 – $500 depending on who currently does their taxes.

We will never receive compensation from any of the transactions we make or any of the investments and products that we recommend. This is one major way in which we are different from large traditional financial planning firms. Read more about the difference between fee-only firms and commission-based firms here.