Fees & Process

Financial Planning and Investment Fees

Financial Planning

The standard fee for financial planning for individuals is $4,000 per year, with the option to pay via quarterly payments of $1,000. The standard fee for couples is $6,000 per year, with the option to pay via quarterly payments of $1,500.

At Lee Financial Group, we believe good financial planning requires an ongoing relationship between the advisor and the client. Thus, we do not perform one-time financial planning or hourly work.

For new clients, there is also a one-time payment of $1,500 ($1,000 for Individual) to cover the costs of initial onboarding and plan creation.

Individual

Couple

Investment Management

Our investment strategy uses low-cost index funds and exchange-traded funds (ETFs) that track the performance of various indices. The investment allocation will be based on the risk profile of the client.

Our investment management fee is paid quarterly based on assets under management (AUM) at the end of each quarter. Our fee is calculated according to the following table. For example, the first million under management will be charged an annual fee rate of 1.00%. The next million dollars will be charged a reduced rate of 0.95% and so on. The actual quarterly fee rate will be the annual fee rate divided by 4.

Financial Planning Fee Discount

For clients whose assets under management exceed certain thresholds, their financial planning fee will be discounted. For example, a client with $250,000 to $500,000 in assets under management will have their financial planning fees discounted by 25%, whereas a client with more than a $1 million in assets under management will have their financial planning fees effectively waived.

See table below for discounted planning fees. Once a client reaches a certain discount tier, that discount is maintained even if the account later drops below the discount threshold due to market declines. (Note this does not apply if the account balance drops below the discount threshold due to client withdraws).

Our Process

A detailed planning process is the best way to establish financial security. Once we get to know you we can begin to develop a dynamic plan that will meet your immediate needs and goals while adjusting for changes in your professional and social life down the road. We are in it together for the long haul.

Introductory Meeting

This is the first part of establishing a fruitful partnership, so be prepared! In this phase we will identify your goals, priorities, preferences, as well as potential obstacles. Along with this, we will mutually establish what your expectations are for us and whether an ongoing partnership is the right fit.

Exploration Phase

Based on our introductory meeting, we now want to take a deeper dive into your situation. During this session we can begin to sketch a preliminary plan as we engage in a more comprehensive discussion about your personal and financial goals. The more open this phase is, the more detailed our plan can be.

Detailed Planning

Now it is time to set you up with a plan. Based on the prior discussions, we can deliver an easy to follow roadmap that will lead you towards your financial goals. We will specifically address the areas that are of greatest importance to you: retirement savings, early investment options, risk management, insurance, first time home ownership, estate planning, and detail the steps needed to conquer each obstacle.

Ongoing Aid and Advice

Your priorities and goals will inevitably shift through time which is why we are here to proactively prepare your plan. We embrace change. As your life circumstances facilitate a different approach to financial planning, wealth management, and savings options, we will be a constant presence to ensure that your plan transitions along with you.