Subject: Fee Table for RIA
From: Victoria M Lechner
February 7, 2018
The fee table for public clarity is a great idea. I like how proactive this office is.
Many people have a hard time translating 1% of AUM into dollars as it would apply to their investment account. To include an example of this ($5000/year on an account of $500,000) in the table would help them.
We work with clients in one of two ways:
1 - portfolio management and financial planning for an agreed fee paid monthly from their account custodied at TDA Ameritrade. The fee is based on estimated time spent working for the client on an annual basis at an hourly rate of $200.
2 – consultations with clients to solve a financial issue, assist with investment decisions, financial planning issues only, for an hourly fee paid per meeting.
No one pays both of these.
Would I use two charts or would I include an explanation on a chart with both listed? Suggestions appreciated.
Victoria M Lechner, MS, CFP
Owner and Senior Advisor