Fees & Process
Financial Planning and Investment Fees
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 $5,000 per year, with the option to pay via quarterly payments of $1,250.
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 upfront payment of $2,000 to cover the costs of initial onboarding and plan creation.
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).