How are you compensated?
For our financial planning and investment management services, we generally receive a fee based on the assets we manage. We may charge a monthly fee in lieu of an asset-based fee for certain clients. Occasionally, we receive a flat fee for creating a financial plan for certain individuals. All fees are discussed with clients before signing a contract and the fees are listed in the contract itself.
For insurance related services, we receive compensation through our related company, Aegis Financial Partners, LLC.
How much do you charge?
We charge between 0.5%-1.50%, depending on the size of the assets we manage. We may charge a flat fee rather than an asset-based fee depending on the scope of the project.
Do you have an account minimum?
No, we do not have an account minimum. We look for select clients who we feel would be a good match for our services.
Are my accounts insured?
Our custodian, Shareholders Service Group (SSG) is a member of SIPC. As a member of SIPC, SSG provides account protection up to $500,000, including $250,000 for claims of cash. Additional insurance is included through Lloyd’s of London. This provides excess account protection up to an aggregate limit of $1 billion, of which $1.9 million may cover cash awaiting reinvestment at the individual account level. This amount in excess account protection is the highest level of brokerage account insurance coverage available in the industry today.