Fee-only investment advisors are registered investment advisors with a fiduciary responsibility to act in their client’s best interest. They do not accept any fees or compensation based on product sales. Fee-only investment advisors have fewer conflicts of interest and provide more comprehensive advice. They are paid based on a percentage of the assets that they manage. Fee-only advisors are able to make investment selections based upon what’s best for the client and not what pays the biggest commission.
We charge a percentage of assets under management. Our fee structure varies depending on account type, activity, and the overall aggregate amount a client custodies with Money Manager Inc. (MMI). Rates are a sliding scale between .30% to a max of 2.5%. All fees are billed quarterly in arrears.
We provide quarterly reports either via regular mail or electronic delivery (email) to all of our clients that include portfolio performance numbers, portfolio rebalancing, account statements, fixed income analysis, and a realized gain & loss report. We also provide quarterly comment letters and monthly electronic newsletters.
The minimum initial investment and minimum account size varies per strategy.
At a minimum, we meet each client personally once a year for a thorough portfolio review and a financial planning update. We have phone conversations with most clients throughout the year and meet clients for additional in person meetings if wanted or needed.
Our client’s assets are held at Pershing LLC; clients also have the option of working with either Pershing LLC, Charles Schwab, or Fidelity. You can view all your accounts online through our custodian’s login portals.
This is a concern that many people have and are unsure about. If you become a client of Money Manager Inc. (MMI) you will receive a customized financial plan that determines if you are on track to meet your personalized goals, including a spending plan that we can track annually at your reviews. Having a plan in place gives you the peace of mind with your finances so that you can rest easy at night.
Under the Investment Advisors Act of 1940, registered investment advisors are held to a fiduciary standard of care. By law, they must ensure that each investment recommendation they make is based on the client’s best interest. A broker is required to only purchase suitable investments and not necessarily what’s in the client’s best interest.