We have prepared the following chart to assist you in understanding the costs and benefits of various financial advisory alternatives.
Download the chart "A Comparison of Financial Advisory Alternatives" (in PDF format).
Across the top are various financial advisory alternatives and their typical costs. Along the left side are services and benefits offered by The Family Firm.
You may not realize all the costs that you currently pay. Costs include commissions and transaction costs (e.g. for buying or selling an investment), product management fees (e.g. mutual fund management fees) and advisory fees (fees to the financial planner or investment manager). Many service providers eliminate one of these fees (e.g. no transaction costs in a "wrap" account) but charge higher fees in another area (1-3% wrap advisory costs).
Another common situation is a low (or free!) financial plan but high commission costs paid to the broker when you purchase a recommended investment or insurance product. These amounts are typically not apparent and can be quite large. Consumers can reap substantial savings if investing is done with an eye towards eliminating or minimizing transaction, commission and mutual fund management costs. At The Family Firm we minimize these costs so you can benefit and afford a comprehensive advisory service.
We firmly believe that there is not a more complete and cost-effective financial advisory service anywhere.
