HOW IT WORKS
Financial Management
At Milestone Financial Planning, we believe everyone deserves clear, trustworthy financial advice and service. We proudly operate under the fiduciary standard. This means that, by law, we are required to act in your best interest at all times—no exceptions. Our advice, recommendations, and services are tailored solely around what’s best for you, not what earns us a commission or benefits a third party.
For information about our fee structure please refer to the sections below and our ADV.
Do You Have Less Than $2,000,000 to Invest?
Are you starting with less than $2 million in assets under our management? If so, we may offer financial planning and investment management as separate services. This flexible structure allows us to provide the right level of support based on your needs and ensures we’re able to serve more complex situations.
Our investment management fee is an annual 1% of assets under management on the first $1,000,000 and an annual 0.80% on the next $1,000,000, billed quarterly based on your average daily balance after services are provided.
Our financial planning services may be provided as an annual financial planning fee, billed monthly based on the size of the client portfolio and the complexity of the services to be provided.
Do You Have More Than $2,000,000 to Invest?
If you’re starting with $2,000,000 or more in assets under our management, we offer our Financial Management Service, which includes both ongoing financial planning and investment management services. Our standard financial management fee is billed quarterly after services are provided, calculated as a percentage of assets under management based on your average daily balance.
The fee is calculated based on the average daily balance in the Client’s account[s] and is based on the schedule below:
| Assets Under Management ($) | Annual Fee (%) |
|---|---|
| First $1 million | 1.00% |
| Next $2 million ($1-3M) | 0.80% |
| Next $3 million ($3-6M) | 0.60% |
| Next $4 million ($6-10M) | 0.40% |
| Next $5 million ($10-15M) | 0.35% |
| Everything else ($15M +) | 0.30% |
The way a financial advisor gets paid can directly impact the guidance you receive. Here’s how a fee-only financial planner differs from the traditional model.
Fee-Only Model
vs.
Traditional Model
