Holistic Wealth Management

Because we work with our clients on a long-term basis, we charge a simple, annual fee for Holistic Wealth Management. We don’t charge by the hour, so our clients’ fees don’t go up unexpectedly because of a big project or a sudden need. In general, we base each client’s fee on their personal financial complexity and need, with certain minimums. This helps ensure that younger clients with simple financial lives and fewer assets can engage us for an affordable fee, while more mature, affluent clients with more complex needs still pay less than they would at many other firms.

Our annual fee1 covers the full range of our holistic financial advisory services, including both financial planning and investment management services. Clients never pay “extra” for core financial planning services.2

We use total available investable assets as a practical measure of the financial complexity of each client. The following rates apply, and are typically applied on a floating-rate basis:

  • 1.00% of the first $1,000,000, plus
  • 0.70% of the next $2,000,000, plus
  • 0.50% of the next $3,000,000, plus
  • 0.30% of the next $20,000,000

Though we do not require a minimum asset level as a prerequisite for working with a client, we do ask that clients with smaller asset bases pay a minimum fee. These minimums differ with the age of the client, as follows:

Age                                      Minimum Annual Fee
20 – 30 years                                 $3,000
30 – 40 years                                 $4,000
40 – 50 years                                 $5,000
50 – 60 years                                 $7,500
60 years+                                      $10,000

Clients pay the greater of their age-based minimum and their asset-based calculated fee. We may negotiate different fee arrangements for clients in unusual circumstances.

Standalone Financial Planning

Clients may engage us for financial planning services on a standalone basis. In such cases, we will estimate the scope and complexity of the financial planning engagement annually and set a fee accordingly. Like our other fees, financial planning fees are assessed quarterly, in arrears.

Please see us for details.

Standalone Investment Management

Griffin Black’s standalone Investment Management services are meant to address the needs of sophisticated investors who either do not need – or do not wish to engage in – a holistic wealth management relationship with Griffin Black. Standalone investment management fees are based on assets under management (AUM) and are assessed quarterly, in arrears. The following rates apply.

  • 1.00% of the first $1,000,000, plus
  • 0.60% of the next $2,000,000, plus
  • 0.30% of the next $3,000,000, plus
  • 0.15% of amounts above $6,000,000.

If you believe that you have a unique need or circumstances, you are welcome to speak with us regarding your individual case.

 


[1] Holistic Wealth Management and Standalone Financial Planning clients also pay a small, one-time setup fee. Subsequent fees are billed quarterly, in arrears.

[2] For most clients core financial planning services includes goal planning, lifetime cash flow planning, risk management, retirement and Social Security planning, long-term care planning, tax planning, college savings, and estate planning – in addition to portfolio management.