Fee-Only, Fiduciary Pricing Clearly Explained
You deserve to know what you’re getting and what it costs. We are “fee-only,” meaning that we do not receive commissions-based compensation for our advice or for recommending any products. We are also fiduciaries, which means that our recommendations are tailored to your needs and goals and are not influenced by financial incentives.
Financial planning services are priced on a clear hourly or project fee. Investment Supervisory Services (investment management) are paid for by a modest asset under management fee. There are no hidden charges for our services as your financial planner.
How Other Firms Often Charge
Some advisors shake your hand and tell you about their assets under management fee. They may not be telling you about unreported costs that can make an investment cost two or three times what you anticipated. Some examples of additional fees:
- Front-end sales load (sales commission)
- Custodian fees
- Back-end load (sales charge)
- Account maintenance fees
- Exchange fees
- Transfer fees
- Transaction fees
- Management fees
These types of charges also impact 401(k), 403(b), 457(b) and related company plans, taxable accounts, and IRAs. They can apply whether you’re working with an advisor or not. This includes accounts you still have with companies you no longer work for. These charges can substantially reduce long-term investment returns.
At Belding Financial Planning and CGN Advisors, LLC, we do our best to control underlying fees mentioned above, such as custodian fees and transaction fees, which can be associated with any investment account. Because we receive no benefit from anything besides the agreed-upon Investment Supervisory Services fee, it is in both of our best interests to manage every account in a cost-efficient manner as it relates to underlying fees.
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