We use a sliding scale based on income, assets, and complexity. A typical fee for a household with $1 million or more of assets that we’re advising on is likely to be around 1% a year. That’s a similar fee to many other firms but we offer a better value to clients since we work much more closely with each of our clients and on a much larger range of topics than other firms typically do. High-quality financial advice is typically worth way more than it costs. We love that we add tremendous values to clients’ lives, both in ways that are easy to measure and in ways that aren’t. We aim to generate value for clients well in excess of fees charged.
Working with a trustworthy, capable advisor is well worth it for most people, since it substantially improves their outcomes, sometimes by large amounts (hundreds of thousands of dollars or more) over time–and that’s just the easily quantifiable value. You can read more about that in an excellent but approachable paper here.
We don’t have an asset minimum though our minimum fee for our comprehensive ongoing service ($2,500 per quarter) typically makes sense for people where we are advising on $1M or more or have significant complexity. When we have available bandwidth we often offer Financial Strategy Intensives which are 2-3-session sprints which cover a couple of prominent questions but aren’t intended to be comprehensive and don’t include implementation or ongoing support.
Donation to social justice causes/issues
Ari and Zach both donate 10%-20% of their incomes to justice causes on a range of issues. One example: Zach supports global health via Project Muso. Within three years of Project Muso deploying their model in Mali, child mortality dropped from 15% to 1.7%. We also donate to other organizations and focus on supporting environmental, feminist, race, LGBTQ+, and economic justice.