Fee transparency, affordability, and fairness are part of the core philosophy of PIM Financial Partners.
PIM Financial Partners charges a monthly retainer fee for financial planning and investment management services. The amount of the monthly retainer is based on the total amount of your assets being managed, with a cap on fees for assets under management (AUM) over $600,000. The following table shows a complete breakdown of the fees and the services you receive for the fees charged.
This fee structure is designed to be fair and to make financial planning and professional investment management services available to the broadest possible number of clients. It is posted here to make it totally transparent. PIM does not accept commissions, referral fees, or broker soft money kickbacks. There are no conflicts of interest of any kind. The client pays directly for the service and knows exactly what they are paying for.
If you can't easily find (or understand) the fees other financial advisers are charging, ask yourself why.
Most middle income Americans would benefit from financial planning services1, but the middle income market is under-served by the majority of financial planners2. PIM Financial Partners believes professional financial planning should be affordable to middle Americans. The increased efficiency of a solid financial plan is far more valuable to people in the middle - where there isn't excess income to waste. In order for them to extract this value, middle Americans must be able to afford the service. This common sense approach is reflected in the fee structure as outlined above. Most Americans spend more each month for cell phone and internet service than they would for a financial plan at PIM Financial Partners.
The most common fee structure for assets under management is based on a percentage of the assets managed3. The more you have, the more you pay. I regard that as fundamentally unfair. Higher net worth Americans should not have to pay inflated prices for investment management services just because they have more assets to manage. The fees at PIM Financial Partners increase for assets under management (per the table above), but so do the services provided. As your portfolio grows, the complexity of managing it grows. There is a significant difference in the way PIM manages portfolios of $50,000 and $600,000. Above $600,000, however, the management techniques do not significantly change. You get the same service whether you have $600,000 in assets or $6,000,000 of assets. So, once you surpass $600,000 of assets being managed by PIM your fees remain flat.
You get the same service, you pay the same fees. Fairness - plain and simple.