We use a sliding scale based on income, assets, and complexity to determine appropriate financial planning and investment advisory fees.
The quarterly financial planning fee ranges widely ($0-$20,000) depending on complexity, but is often around $1,500 per quarter for clients with moderate complexity. We usually adjust financial planning fees over time as the complexity of the client’s situation and need for financial planning increase or decrease. After the first year or two of financial planning work together, financial planning fees are often reduced to account for all of the streamlining of your financial life that we have accomplished together. We only adjust fees after clients have agreed to the change in writing.
The financial planning fee covers the work we do around vision and goal setting, tax planning, family money systems, spending plans, insurance, estate planning, business planning, workplace benefits/retirement accounts, 529s/college planning, real estate, charitable giving, career management, and many other topics. For business owners, the business portion of the financial planning fee can be deducted as a business expense, which may reduce its effective cost by a third or more.
For the investment strategy and implementation portion of our work, we charge 1% of Assets Under Management annually (0.25% each quarter).
Our fees are similar to many other firms, but we understand our clients better since we have a shared set of values and go deeper in our work. We also have broader expertise than most firms and work on topics that they don’t have the expertise or interest to address, like how to make your charitable giving or social impact investing especially effective.
Comprehensive financial planning 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. High-quality investment advice and management tends to substantially improve outcomes, sometimes by large amounts (hundreds of thousands of dollars or more over time). You can read more about that in an excellent, accessible paper here. We aim to generate value for clients well in excess of fees charged.
Our services typically make sense for people with significant complexity in their financial lives and/or with $2,000,000 or more of investments.
When we have available bandwidth, we often offer Financial Strategy Intensives, which are 3-session sprints that cover a couple of prominent questions but aren’t intended to be comprehensive and don’t include implementation or ongoing support. Financial Strategy Intensives typically cost $3,000.
Donation to social justice causes/issues
Ari and Zach both donate 20% of their incomes to a variety of social justice causes. They support organizations fighting for global health, environmental, feminist, LGBTQ+, immigrant, racial, and economic justice.