Fees are something you need to pay very close attention to
when selecting an investment as well as a financial planner.
We prefer to bring up the discussion of fees for
investment and financial planning services prior to your
inquiry to ensure your comfort level.
Fees are something you should not have to uncover or figure
out on your own. They are a crucial element in
deciding which investment products are most
appropriate for your situation.
Many investors
are often confused on what it may cost to work with a
financial planner, as well as, how much they are
currently paying in fees to own the investments that are
currently held in their portfolios. We feel that
this topic should not be left as a mystery to our
clients. Therefore, we would like to dedicate this area of
our website to inform you of the various ways in which
you may pay for the help of a financial planner.
3 Ways Financial
Planners Are Compensated
Part 1: Fee
Based
A fee based financial planning
engagement works just as it sounds. For an agreed upon
fee, you and your financial planner will work together to
structure a financial portfolio that is right for you and
will match your unique and individualized needs.
Usually, the fee is determined by the amount of capital you
are willing to invest. In most cases the management
fee will range from 1% to 2% of assets under management.
Here Are Some Of The Benefits Of Our Asset Management
Programs:
Quarterly Performance
Reports
Ability
to Consolidate Accounts
Flexible Payment
Methods
Access
to Numerous Securities
Monthly Activity Statements
Cash Management
Privileges such as check writing
Cost Basis Reporting
Low
Account Minimums to start
And much more!
Notice:
Please see our ADV Part II for any and all fees and charges.
Part 2: Commission
Based
Some of the financial products
that you may decide to purchase from a financial planner may
compensate him/her in the form of a commission. These
products may include the purchase of annuities, b-share
mutual funds, and real estate investment trusts (REITs).
All of which may be suitable investment products that will
help you meet your goals and financial objectives. It
will be our job to inform you of which investments will pay a commission and which investments can be placed under
the fee based program.
Part 3: Combination of
Fee
Based & Commission
In most situations, you will find
that in order to have a well balanced financial portfolio,
you may need to implement several types of investment
products that may compensate your financial professional in
the form of a fee, a commission, or sometimes a combination
of both.
At O'Neil Financial we will inform
you of the various directions you can take to develop the
most cost effective portfolio. We can help you decide
which investments are best suited for you, and help you make
an educated decision on which path you should take.
If you would like O'Neil
Financial to take a look at the fees you are currently
paying for your investments as well as the fees you are
paying to your financial advisor, then
click here for a free
consultation.
Securities and advisory services are offered
through Multi-Financial
Securities Corporation, member FINRA/SIPC, an
ING Company.
O'Neil Financial is not affiliated with Multi-Financial Securities Corporation
or ING. Investment products and advisory services
from these registered representative(s) available only to residents of California (CA), Florida (FL),
Illinois (IL),
Maryland (MD), Michigan (MI), and Wisconsin (WI).
"Advisory services are provided by Multi-Financial Securities advisory
associates. Information about those services may
be reviewed in the Multi-Financial advisory form ADV Part II.
Contact your advisory associate for the current form."
