Fee Structure
Less than 1% of Managed Assets
Flat Annual Fee
Formula Wealth charges a flat annual fee
$12,000 if assets managed are $1.5M to $4M, or
$20,000 if assets managed are greater than $4M
No commissions. No kickbacks. No hidden anything.
Special pricing for clients with Power of Attorney on an elderly parent:
Fee structure is used based on both households together. Example: Generation 1 (G1) is in a nursing home in her 80s. She has a $1M portfolio that will go to next generation at her passing. Generation 2 (G2) is in her 60s, managing mom's world as POA and maybe even still working full time. G2 has amassed a $2M portfolio with her spouse. G2 wants financial guidance for themselves AND for G1. Formula Wealth manages the $3M portfolio (titling accounts appropriately), all for a flat $12k (or about 0.4%).
See our What We Offer page to see what is included.
Why flat fee?
By charging a flat fee, we get to enjoy the following benefits:
Transparency: no hidden fees or commissions
Simplicity: no need to do complex calculations
Reduced conflicts of interest: I have the freedom to tell you to pay off debt or encourage you to buy LTC insurance, OR NOT, and you will know that my advice is not motivated by how my fees change… because they don't!