Know My Plan Fees
What does it cost to work with Know My Plan?
Generally, we work with our clients in 1 of 2 ways:
We have a competitive standard fee range which is an asset-based fee* (based on the investable assets that we manage).
— see full plain-english explanation below —
- We predominantly utilize exchange traded funds for asset management.
- We are committed to building low-cost diversified portfolios.
Our fee covers your financial plan, ongoing support, and investment management.
However this fee does not include investment expense ratios – which are the price of investments that must be paid by all investors, no matter if they are working with an advisor or managing their investments on their own.
This fee varies depending on the investment(s), but we usually look for low-fee investments and keep you fully informed, so there are no surprises or unexpected expenses.
— OR —
We charge a financial planning fee** based upon complexity.
This ranges between $250 - $1,000/month.
Clarity, transparency, and other things to consider:
- We are a hybrid financial planning team which means that we can charge advisory fees, but we can also receive commissions on brokerage accounts.
- We think it is critically important to be able to offer both advisory and commission-based products.
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Many insurance-based products are available on a commission only basis.
We think it is imperative for our families to have appropriate levels of life, disability, and long-term care insurance.
We don’t want to outsource that to a 3rd party.
- When commissions are involved, we will clearly communicate.
As always, please ask all questions you have surrounding fees. Our clients having a full understanding of their portfolio is most important to us.
— Know My Plan team
It all starts with a conversation
- Tell us what you're struggling with
- Find out how we can help you
- Decide if we're a good fit
And walk away with a COMPLIMENTARY financial plan!
- A clear financial picture of where you are now
- A defined list of goals to work toward
- Concise steps to start you on the right financial path
*We primarily offer fee-based advisory services charging a flat fee based on a client’s total assets under advisement. However, if deemed appropriate and in our client’s best interest, we also provide commissioned brokerage services. Though our financial advisor provides clients with great care and recommendations, advisors only have a legal fiduciary obligation to advisory clients. In a fee-based account, clients pay a quarterly fee, based on the level of assets in the account, for the services of a financial advisor as part of an advisory relationship. In deciding to pay a fee rather than commissions, clients should understand that the fee may be higher than a commission alternative during periods of lower trading. Advisory fees are in addition to the internal expenses charged by mutual funds and other investment company securities. To the extent that clients intend to hold these securities, the internal expenses should be included when evaluating the costs of a fee-based account. Clients should periodically re-evaluate whether the use of an asset-based fee continues to be appropriate in servicing their needs. A list of additional considerations, as well as the fee schedule, is available in the firm’s Form ADV Part 2 as well as the client agreement. Services rendered will be dependent on applicable agreements.
**The Financial Planning or Consulting services listed are generally those offered under the Wealth Advisory Services Agreement. However, fees and services are customized with each client agreement. For a complete list of fees and available services, please consult the most current Form ADV Part 2A and the Wealth Advisory Services Agreement that you may obtain from your Investment Adviser Representative.
Every investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. This information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Past performance does not guarantee future results. Investing involves risk and you may incur a profit or loss regardless of strategy selected, including diversification and asset allocation. Be sure to contact a qualified professional regarding your situation before making any investment or withdrawal decision. Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.
ETF shareholders should be aware that the general level of stock or bond prices may decline, thus affecting the value of an exchange-traded fund. Although exchange-traded funds are designed to provide investment results that generally correspond to the price and yield performance of their respective underlying indexes, the funds may not be able to exactly replicate the performance of the indexes because of fund expenses and other factors.