Financial Planning - Hourly Fees
Hutchison Whitehead constructs coordinated financial plans for an hourly rate. An engagement letter is signed by the client which details the services to be provided and the fees for those services. The engagement letter ensures that both client and advisor are on the same page before any work commences.
Portfolio Management - HW is compensated by a percentage of assets under management
| Account Balance |
Annual Fee
|
| up to $500,000 |
1.00%
|
| and balances above $500,000 to $2,000,000 |
0.75%
|
|
and balances above $2,000,000 to $5,000,000
|
0.50%
|
|
and balances over $5,000,000
|
0.40%
|
HW utilizes a tiered fee schedule reducing the percentage paid on larger accounts. Fees are billed quarterly, in advance, and are completely disclosed. Each client receives an invoice detailing the fee due and a description of the fee calculation. As a fee-only advisor, we are compensated solely through client fees.
Family household accounts may be combined to become eligible for a discount. Fees are normally deducted directly from your brokerage account with your permission.
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