Frequently Asked Questions

Are you a fiduciary?
Yes. As a fiduciary, we are required by law to always put your interests ahead of our own. Unfortunately, not all financial advisors are a fiduciary.
What does the CFP designation mean?

The Certified Financial Planner (CFP) designation is a professional certification mark for financial planners conferred by the Certified Financial Planner Board of Standards (CFP Board) in the United States, and by 25 other organizations affiliated with Financial Planning Standards Board (FPSB), the international owner of the CFP mark outside of the United States.

To receive authorization to use the designation, the candidate must meet education, examination, experience and ethics requirements, and pay an ongoing certification fee.

Fonville Wealth Management works with a team of Certified Financial Planners.

Who has my money?

Fonville Wealth Management does not hold (or take custody) of any client assets.

Rather, we partner with third party custodians including Charles Schwab, Fidelity, or TD Ameritrade. A custodian is a financial institution that holds customers’ securities for safekeeping to minimize the risk of their theft or loss.

A custodian holds securities and other assets in electronic or physical form. Since they are responsible for the safety of assets and securities that may be worth hundreds of millions or even billions of dollars, custodians generally tend to be large and reputable firms.

What is your pricing for investment management?

We charge a small fee calculated as a percentage of assets under management with us. The fee schedule is as follows:

Assets Under Management Annual Fee
On the first $500,000 1.25%
On the next $500,000 1.00%
On the next $1,000,000 0.80%
On the next $3,000,000 0.60%
Over $5,000,000 0.40%

 For Example: 

  • Clients with $750,000 in assets under management (AUM) will be charged 1.25% on the first $500,000, plus 1.00% on the next $250,000.
  • Clients with $1,750,000 AUM are billed 1.25% on the first $500,000, plus 1.00% on the next $500,000, plus 0.80% of the next $750k.
  • Clients with $3,250,000 AUM are billed 1.25% on the first $500,000, plus 1.00% on the next $500,000, plus 0.80% of the next $1M, plus 0.60% on the next $1M, plus 0.40% on the remaining $250k.
What is your pricing for financial planning?

We do not charge extra for comprehensive financial planning because we believe every client should have a well thought out plan to guide their investment decisions.

Do you charge or receive commissions?

No. We do not receive commissions or recommend investment products that charge commissions. We believe that commissions can cause conflicts of interest and can also increase the total costs of your investments.

What is your specialty?

We specialize in helping individuals and families create sustainable income in retirement and manage their money in retirement.

Do you have an account minimum to become a client?

Yes. While we’d love to help everyone, we’ve found our advice and strategies are best suited for families who have a minimum of $500,000 under management with us. This may include a combination of cash, trust accounts, brokerage, IRAs, 401ks, etc…

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