As a fee-only financial and investment planning firm, we are fully committed to fee transparency. Whether you’re seeking an ongoing financial planning and investment management relationship, or advice and planning by the hour, or just needs some answers and advice on a single issue, our flexible fee models are designed to accommodate your situation

Ongoing Relationship Fees

Fees for ongoing services include financial planning and ongoing investment management services. These fees are paid in the form of an annual retainer, ¼ paid each quarter. While we do not impose asset minimums, there is a $3,000 minimum annual retainer fee ($750/quarter). Clients with assets under $300,000 will incur a minimum retainer fee in excess of 1% of their assets and should carefully consider the impact of such an expense. Our fees are in addition to the expenses charged by individual mutual funds.

% Tier
1.00 On the first $1,000,000
0.60 On the next $2,000,000
0.40 On amounts over $3,000,000

Example One:
Client with $5,000,000 in supervised assets. (Amount Fee Applied to in Parentheses)

% Tier Resulting Fee
1.00 On the first $1,000,000
$10,000
0.60 On the next $2,000,000
$12,000
0.40 On the next $2,000,000
$8,000
Annual Fee $30,000 or 0.60% of
supervised assets

Example Two:
Client with $1,300,000 in supervised assets. (Amount Fee Applied to in Parentheses)

% Tier Resulting Fee
1.00 On the first $1,000,000
$10,000
0.60 On the next $300,000
$1,800
Annual Fee $11,800 or 0.91% of
supervised assets

Hourly Financial Planning Fees

Financial planning fees are based our current hourly rate of $240. Total cost for financial planning depends on the complexity of your case. Each plan is unique to its own circumstance and fees vary.

Based on our experience during the past 10 years, financial planning tends to fall within the $2,400 to $6,500 range. If you’re interested in working with us on an hourly basis, we start with a no-obligation Get Acquainted Meeting and then provide an estimated quote range for your financial plan. We will not exceed the estimated quote. A $500 deposit is due upon the signing of the client service agreement. The remainder of the balance is due upon presentation of the plan. We do not accept credit cards.

We will work with anyone, regardless of assets, net worth or income as long as they have the ability to pay our hourly rate and are a fit for the type of work we do.

Real Time Planning, Second Opinion, or Single Issue Advice Fees

If you need help on a single issue or would like a second opinion on a financial or investment issue, we offer real time planning designed to help you make a sound decisions for you and your family. A typical real time planning session includes:

  • 30 minutes of pre-session data gathering and discussion
  • 90 minute meeting
  • 30 minute follow up and summary
  • The cost for this real time session is $650. Real time sessions are limited in scope and only address one specific issue. They aren’t designed to replace the benefit of more comprehensive financial and investment planning.

    All fees are negotiable or subject to change upon proper disclosure by Cole Financial Planning and Wealth Management, Inc. Cole Financial Planning and Wealth Management, Inc. is a Registered Investment Advisor in the State of Alabama.