Wealth Management Fees

Our wealth management fees are fully transparent and straightforward.

How much are you paying in hidden fees and expenses?

Find out what hidden fees and costs you are paying and learn how to reduce them. 

Our wealth management fees are based upon a small percentage of the assets you have under management at Fonville Wealth Management. Fees are inclusive of investment management, comprehensive financial planning, and ongoing reviews and advice.

Clients are billed on a quarterly basis and wealth management fees are deducted automatically from your brokerage account. Fees are paid in advance of the quarter and are calculated based on the account value of the last day of the previous quarter. Depending upon your situation, wealth management fees may be tax deductible. 

Your Assets Under Management Annual Fee
First $500,000 1.25%
Next $500,000 1.00%
Next $1,000,000 0.80%
Next $3,000,000 0.60%
Above $5,000,000 0.40%

   

For Example: 

  • If you have $750,000 in assets under management (AUM) with Fonville Wealth Management, you will be charged 1.25% on the first $500,000, plus 1.00% on the next $250,000. As a result, your blended fee will be 1.17% per year.
  • If you have $1,750,000 AUM you will be charged 1.25% on the first $500,000, plus 1.00% on the next $500,000, plus 0.80% of the next $750k. As a result, your blended fee will be 0.99% per year.
  • If you have $3,250,000 AUM you will be 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. As a result, your blended fee will be 0.82% per year.

Wealth Management Fees: Q and A

   

Do you charge an additional fee for financial planning services? 

No. We charge one fee. Our fee is inclusive of comprehensive financial planning and investment management. This is different from many financial advisors who may charge an additional financial planning fee of $10,000 or more.

Do you use low-cost investment options? 

Yes. Keeping costs low is one of our core investment principles. That’s why we partner with firm like Dimensional Fund Advisors, Vanguard, and others. These firms have a reputation for keeping expenses low for investors. 

 

What do I receive in exchange for the fees that I pay? 

When you hire us as your wealth management firm, you’ll receive the following:

  • Clarify and prioritize your goals
  • Comprehensive financial plan or “road map” including but not limited to: retirement income planning, pension analysis, estate planning, insurance analysis, debt reduction, tax planning, college planning, investment planning and asset allocation analysis, cash flow and expense analysis.
  • Comprehensive management of your investments including investment selection, portfolio rebalancing, and portfolio monitoring.
  • Regular face-to-face consultations to track progress toward your goals
  • Real-time access to our advanced software that tracks your networth and progress toward your goals.
  • Portfolio performance reporting
  • Unlimited financial advice

 

What does fee-only mean?

Fee only means we are only compensated by our clients for the advice and services we provide. Our fees are based upon a small percentage of the assets we manage for you. Additionally, unlike other financial advisors, we never receive commissions or 3rd party compensation. 

 

What are the potential advantages of a fee-only advisor?

While every compensation model has some drawbacks, we believe there are several benefits to hiring a fee-only investment advisor including:

  • Reduce conflicts of interest
  • Know exactly what you are paying without wondering “How much is my financial advisor REALLY making?
  • Reduce your total overall costs. Since we are paid the same, regardless of our recommendations, you can be confident that we are working hard to find the lowest cost investment options. Keeping your costs low may improve your overall returns.
  • Reduce (or eliminate) insurance premiums. While many of us don’t like paying for insurance, sometimes it’s part of a smart financial plan. In these cases, we leverage our partnerships with specialized insurance consultants who provide our clients with reduced premium insurance products.
  • We have a continual vested interest in your success. For example, since we are paid less when your investment portfolio goes down and more when you investment portfolio goes up, we continually strive to get you the returns you need without taking on unnecessary risk.

 

Where can I learn more about fee-only advisors? 

We always recommend that you do your research before hiring a financial advisor. Here is a list of great resources to help you get started: