DISCRETIONARY FEE SCHEDULE (Accounts over $50,000):
$50,000 to $1,000,000 – 1.25% on average daily balances
$1,000,001–$2,500,000 0.75% on average daily balances
Over $2,500,000 0.25% on average daily balances
Accounts under $50,000 (managed or non-managed) and all non-managed (monitored) accounts (regardless of assets) are billed a flat .20% annually, paid quarterly in arrears. Fees are calculated quarterly, in arrears, using average daily balance for the completed quarter. Each client receives a quarterly billing statement with his/her quarterly account statement. Fees are deducted directly, with client consent, from the client account seven (7) days after the quarterly billing statement is mailed to clients. Related client account assets are aggregated for fee purposes. Fees are billed on a pro-rated basis (from the first of the quarter to the date of termination) upon client account termination for any reason.
For qualified accounts over $50,000 in total assets, all financial and estate planning services are included in the Discretionary Fee. For accounts under $50,000, the Financial and Estate Planning Schedule applies to all financial and/or estate planning engagements and is separate from the Discretionary Fee Schedule.
ASSET MONITORING SCHEDULE:
Non-discretionary Investment Advisory for accounts under $50,000 or otherwise deemed non-discretionary by BFP with client consent:
.2% of assets under advisement, paid quarterly, in arrears using the custodian statement
FINANCIAL AND ESTATE PLANNING SCHEDULE:
$3,000 flat fee
The fee encompasses data collection and analysis, plan creation, recommendations, 2-3 meetings and an additional follow up meeting 6 months post plan presentation. Clients pay an initial fee of $500 at the time the financial planning agreement is signed. This fee is credited toward the final invoice. Payment for the final invoice is due upon receipt.
There is an initial fee of $500.00 applied to the total service fee. Asset monitoring/advisory, financial and estate planning fees are credited against discretionary investment management fees if the client retains BFP to manage assets over $50,000 on a discretionary basis. Accounts exceeding $50,000 in value during a quarter are charged on a pro-rated basis according to the discretionary investment management fee schedule.
The fee for non-discretionary defined contribution plan investment advisory services is 0.5% of assets under advisory annualized and is calculated, debited from plan assets and paid to BFP by the third party administrator on a quarterly basis. Prior written consent of clients is provided to the third-party administrator.
FINANCIAL COACHING FEES:
$2,500 flat fee annually, paid quarterly in arrears
The fee encompasses up to four meetings per year and ongoing communications via email and phone as needed. The fee is paid quarterly in arrears. BFP will mail the client an invoice within 15 days after the calendar quarter close.
Clients for whom Brighton Financial Planning manages assets pay additional fees charged by the custodian. Clients also pay transaction fees charged by the custodian for securities transactions initiated for clients by BFP. Please see Section on Brokerage Practices for more information.
Please contact Brighton Financial Planning at 908-730-7000 or email@example.com if you would like additional information.