Many financial advisors are vague about fees.

 

We strive to be different. 

 

Save time and see our pricing information below!

 

Overview

Most of our revenue comes from two separate services: Complete Wealth Management and Stand-Alone Financial Planning.

We will always be transparent about our fees and always want you to agree we’ve earned them.

Importantly, we believe fees are important, but not at the expense of good advice

 

Complete Wealth Management

When you hire Glownia Financial Group, we want you to experience the profound lift of our holistic wealth management service. With this, we start by developing a customized financial plan, which answers questions such as:

  • Can I afford to retire earlier?
  • Are there creative ways to pay less in taxes? 
  • When should I apply for social security?
  • How can I leave a legacy for my children and grandchildren?   

This process provides a snapshot of your current financial situation. It also gives a visual of your total cash-flow and how we expect it to evolve throughout retirement. Specifically, we will model your social security income, pension and annuity income, along with distributions from qualified and non-qualified investment accounts to show how they might support your lifestyle. 

You can find more information about our Complete Wealth Management service here:

Complete Wealth Management

For our advisory clients, we then manage all aspects of the investment process as a fiduciary, which means we are legally bound to put our clients' best interest ahead of our own. Through this relationship, you receive the following services:

  • Investment Selection and Trading
  • Ongoing Risk Management 
  • Commission Free Trades
  • Tax-Loss Harvesting
  • Reviews and Consultations


For advisory accounts, we charge an annual fee based on the amount of assets we are directly managing for them.

Instead of charging commissions, fee-based asset management allows us to share a common goal – to grow the value of your assets. It also ties our compensation directly to the performance of your account.

Our annual fees are priced on a tiered schedule. In other words, as your assets grow your effective advisory fee automatically decreases:
 

Managed Assets Annual Fee
First $2,000,000 1.00%
$2,000,000.01 - 5,000,000 0.75%
$5,000,000.01 - 10,000,000 0.50%
$10,000,000.01 + 0.25%


The effective advisory fee percentage is pro-rated and charged quarterly, based on account value. Typically, our management fee is deducted directly from your account's performance. In simple terms, if your account is up 10% in a year, you will experience a 9% net return assuming a 1% fee. Similarly, if your account is down 10% in a year, you will experience an 11% net drop in your account, assuming a 1% fee.

On occasion, these fees are negotiable depending upon the needs of the client and complexity of the situation. The final fee schedule will be detailed in the Client Agreement.

Importantly, the development and maintenance of your financial plan is included in the schedule above and, unlike many other advisors, we don't charge our wealth management clients separately for this service.
 

Stand-Alone Financial Planning

Some clients prefer to manage their own investments but will seek our help regarding other areas of their financial life. Therefore, we offer a stand-alone financial planning service that provides a detailed list of actionable recommendations about your investment strategy, estate planning, retirement income, tax planning, insurance, and debt management. 

In simpler terms, the financial planning process is a year-long engagement that provides answers to questions like:

  • How much should I contribute to my 401k plan?
  • How do I protect my family if something happens to me? 
  • How much should we be saving for education expenses?
  • Can I afford to retire earlier?

You can find more information about our Stand-Alone Financial Planning service here:

Stand-Alone Financial Planning

Our financial planning fees are as follows:

Type of Service Annual Fee
Basic Financial Planning (organize and track your net worth, income, and spending)  Free
Stand-Alone Comprehensive Financial Planning (1-year engagement) Starts at $4,000
Comprehensive Financial Planning for Wealth Management Clients Included


For stand-alone financial planning services, we require a 25% initial deposit, and we accept credit card or check.

We will not accept payment for the remaining balance until you are completely satisfied with our service and the resulting recommendations.

At the conclusion of the financial planning engagement, you can implement the recommendations yourself, or you can leverage our wealth management services, where we could act as a fiduciary in managing your investments.

Alternatively, we could continue the financial planning relationship with an annual retainer, billed monthly.

 

Here Are Some Other Common Questions About Our Pricing:

 

Do you charge a fee for the initial meeting?

No. We offer complimentary meetings and want you to understand the value we can provide before paying us a single dollar. 

Financial planning can be extremely complex. Just like you would get a second opinion regarding a health issue, we think you should do the same for your investments.

We offer a free consultation if you’re unsure about the services of your current advisor of if you're a DIY investor.

You can schedule your complimentary review here: 

Book a Meeting


Do you have account minimums? Who is your typical client?

We usually work with individuals that have diligently saved at least $500k of investable assets but each situation is unique. 

There are many variables to consider when choosing a financial advisor. Similarly, there are many variables that we consider when accepting new clients.

Therefore, we do not have an account minimum. Instead, we work with a wide variety of clients in varying financial circumstances that:

  • Understand the success of their retirement is too important to manage on their own
     
  • Want a trusted partner to give comprehensive advice for all aspects of their financial life
     
  • Understand the value of their time, and our expertise  

Importantly, we will meet with the friends and family of existing clients regardless of their account size or needs. It's an honor to do so and we are always grateful for client referrals.

For additional information, you can see our typical client here: 

Who We Serve


Will I get a bill each time I call you? 

For advisory clients, we are always available to answer your questions and we won’t send you an invoice either!

You are never "on the clock." We are available to answer your questions by phone, email or Zoom and are committed to providing accurate and timely answers to your questions.


Do you ever charge commissions instead of an advisory fee?

Although a much smaller part of our business, there are some scenarios where we will earn a commission instead of an advisory fee. This arrangement would be appropriate under the following circumstances:

  • When originating a life insurance or disability insurance policy
  • Trading for a non-advisory brokerage account that doesn't require ongoing consultations
  • Entering an annuity contract to provide guaranteed income 
  • Creating an employer-sponsored retirement plan for small-business owners

Some financial advisors market themselves as "fee-only." The unspoken downside of a "fee-only" advisor is that they are forced to refer other professionals for certain aspects of a financial plan and are not licensed to directly provide the non-advisory services referenced above. 

At Glownia Financial Group, we want to be relevant for all your financial planning needs. This means, on occasion, we will earn a commission for providing risk management services and products such as life insurance or the other items mentioned above.


What if I have a very specific issue? Do you charge by the hour?

In very limited circumstances, we will take on one-time projects. In order to do so, we would agree on the scope of work in advance and would make a good faith estimate for the number of hours needed to complete the project. Minimum fees start at $2,000 for project-based engagements.


How Do I Open an Account?

It all starts with a conversation. If and when it gets to the point of opening accounts, our fantastic operations team does all the heavy lifting.

We can mail you new account and transfer forms for your review and signature, but most clients opt for electronic delivery via DocuSign. In a few clicks, we can establish your new accounts and setup secure connections to your bank via ACH for funding them. 


How Long Does it Take to Open an Account?

To help you understand the account opening process and timeline, please see the chart below:
 

 



Bottom Line

We believe our qualifications and emotional intelligence help us provide our clients with a premium service and experience.

We work with a select group of clients that recognize the value of their time, and our expertise.

We believe fees are important, but never at the expense of good advice. 
 

 Let's Talk! 

 

Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC. Glownia Financial Group is not an affiliate company of LPL Financial. The LPL Financial representative associated with this website may discuss and/or transact securities business only with residents of the following states: AZ, CA, CO, CT, D.C., FL, GA, IL, ME, MD, NV, NY, NC, OH, SC, TX, VA, WA, WV

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