Provident Financial Advisors, LLC, is a fee-only advisor. We do not receive any form of commissions or referral fees from outside partners. Because of this policy, we do not face the conflicts of interest that most brokers and advisors face daily when they sell you an investment product that provides them a generous commission, but may not be in your best interest.

FINANCIAL PLANNING - HOURLY FEE $125/hr

You have the choice to plan for specific financial events or to take on a comprehensive approach. Although we provide both services, we recommend that families should take a comprehensive approach. Too many families plan for one aspect of their financial life (for example, retirement) but leave others untouched. These same families will usually fall short in areas for which are not planned and end up costing themselves hundreds of thousands of dollars in the process.

To encourage the development of a comprehensive financial plan, we provide this service at a discounted rate of $100/hr. Consider this fee your best investment, as we generally save you many times over the amount you pay for the service in the form of tax savings and higher investment returns. And better yet, you will be able to sleep better at night having the peace of mind that your family is prepared for the future.

We will provide you an estimate of the hours needed to complete your plan before a contract is signed. Also, all fees are paid in arrears. This means that you pay absolutely nothing until you are completely satisfied with your completed plan.

We will also credit any financial planning fees paid towards your asset management fees when you choose to have us professionally manage their investment portfolio.

 

Once you have developed your financial plan, how will you go about choosing your investments?

For many investors, the difference between failing and achieving future financial goals can be attributed to their return on investment—and unfortunately, self-managed investments can often yield lower returns. Attempting to manage your portfolio yourself without the necessary experience, tools, and available time could prove to be your most costly mistake.

As stated earlier, we are a fee-only investment advisor. Our only goal and motive is to do what is in your best interest. The important question you should be asking yourself is whether you can afford not to have us help you in this all-important task?

Our Simple Fee Schedule:

ASSETS UNDER MANAGEMENT ANNUAL FEE
First $500,000 1.00%
Next $500,000 0.75%
Over $1,000,000 0.50%

We generally require a minimum portfolio value of $100,000 to manage your assets. We do sometimes make exceptions to these requirements for the right client, so please feel free to contact us to discuss your situation.

If you do not meet the requirements for discretionary portfolio management, we will still provide you investment advice for an hourly fee of $125/hr; however, you will be responsible for monitoring your investments and contacting us as your needs change.

 

 

Financial plans are not set in stone. Life happens and goals change. You will need to monitor and review your plan regularly to make sure that it is still meeting your needs. We will review your plan and investments annually, or at your discretion, at an hourly rate of $125/hr.

For portfolio management clients, we will provide this ongoing and needed service free of charge.

Copyright © 2010 Provident Financial Advisors, All Rights Reserved