Complete Wealth Management
Complete Wealth Management (CWM) fees are based on the value of the investment assets under management. The fee is calculated as an annualized amount, which is then pro-rated and billed monthly as outlined in the firm’s Form ADV Part 2A. Non-investment assets and those held in separate accounts not managed by Cipriano Wealth Management are not subject to fees. In addition to the annual management fee, there may be trading fees assessed by the broker/custodian. The household financial plan and all subsequent reviews and updates are included in a Complete Wealth Management relationship.
The Complete Wealth Management service is subject to a minimum annual fee of $3,000.
$0 - $500,000
$500,000 - $5,000,000
Fee Example #1
Investment Account = $200,000
Annual fee = $3,000
Calculation: $200,000 x 1.00% = $2,000. This amount falls below the minimum annual fee of $3,000.
Billed monthly at $250.
Fee Example #2
Investment Account = $750,000
Annual fee =$7,125
Calculation: first $500,000 x 1.00% = $5,000 + remaining $250,000 x 0.85% = $2,125
Billed monthly at $593.75.
Comprehensive Financial Plan
Comprehensive Financial Plan fees are negotiable and typically range between $2,000 - $5,000 depending on the complexity of the engagement. Fees are billed according to an agreed upon schedule outlined in the financial planning agreement.
Clients may choose to engage in an ongoing Comprehensive Financial Planning relationship beyond the completion and delivery of the initial plan. Ongoing planning service fees will be negotiated and billed separately.
Limited Scope Financial Plans
Limited Scope Financial Plans are billed based on an hourly estimate of $250 per hour.