How much does net worth management cost?

Our Net Worth Management service is best suited for those who value and understand the impact of an ongoing professional financial advisory relationship. We partner with our clients to provide advice-driven solutions within a fiduciary framework.

Beacon charges a flat annual advisory fee that is quoted upfront and billed to clients on a quarterly basis.  This annual fee is calculated based on the billable assets of your net worth. The fee rate starts at 1% and is tiered on asset levels above $1 million. 

Net Worth Management fees are fixed for one year, paid over four quarters and debited directly from accounts when possible (or preferred). Fees are adjusted annually in the third quarter of each year to reflect changes in billable assets. 

There is a minimum quarterly fee of $1,875.00 for our Net Worth Management service.

WHAT ARE BILLABLE ASSETS?

In general, billable assets are your “assets at work.” They include account or asset that requires managing, monitoring or consideration from a tax, investment or planning standpoint.

Examples of Billable Assets

  • IRA

  • Personal/Joint brokerage

  • Roth IRA

  • Current 401(k)

  • Annuity

  • 401(k) from previous employer

  • Pension

  • SIMPLE IRA/SEP-IRA

Given the combination of our tax, financial planning and investment focus, we strongly believe our fees represent a value as compared to other advisory firms. We strive to deliver a return on your investment that is many times greater than the fees you pay for our services. 

It is also important to note that our advisory fee is the only form of revenue we receive. We do not receive commissions, referral fees or other hidden fees. We believe our flat-fee arrangement minimizes the possibility of conflicts of interest while also offering you a fair value for professional advice.