Our Financial Advising Fee Schedule is straightforward as we offer both Fixed Fees as well as Hourly Fees.
MAFS charges a hourly fee of $200 which is paid at the time of service and in anticipation of work to be done. It is billed in 15 minute increments.
Fixed Fees – For Initial Project
In lieu of paying Hourly Fees a client may elect to pay a Fixed Fee that is based upon a variety of factors including the complexity of their situation, project scope, and the overall time anticipated to be spent on the project. Typical Initial Project fees range from $1,750 – $4,250
Fixed Fees – For Ongoing Relationship
For clients who desire a long term comprehensive relationship with MAFS the annual Fixed Fee is negotiated once a year. It is only put in place after the Initial Project is completed and is a separate fee. The Ongoing Fee ranges from $1,800 – $12,000 all depending on a client’s specific circumstances.
For all investment accounts excluding those using a third-party money manager, clients pay either an annual retainer or a percentage of assets under management/advisement (AUM/A) for ongoing management. After mutually agreeing on a fee/percentage, MAFS bills quarterly or annually based on a client’s preference.
Investment Management clients using Morningstar Investment Services, a third-party money manager, pay the following fees quarterly based on the balance of the investment account under management:
|Assets Under Management||Annual Fee|
|$1 to 100,000||1.10%|
|$100,001 to $250,000||1.00%|
|$250,001 to $500,000||0.90%|
|More than $500,001||0.85%|
In addition, Morningstar charges a fee of 0.40%.