A Good Fit
It's important to determine if our firm can provide the services that you require. We desire a long-term relationship with clients and therefore feel it's important for both parties to feel comfortable working together. Your initial visit is complimentary, and fees are quoted and agreed upon in advance, and are clearly disclosed.
Financial advising provided by TFG may include, but is not limited to, the following general services:
Comprehensive or Modular Financial Planning
For those clients who approach TFG for a one-time Financial Plan assessment and recommendation (that is, separate from the Managed Asset Portfolio program), TFG will craft a Plan suited to the client’s stated objectives which may include but is not limited to a review of any of the following subjects:
| Present Net Worth | Present Cash Flow |
| Present Tax Liability | Allocation of Current Assets |
| Education Funding | Medical, Disability, Casualty, and LTC Insurance |
| Retirement Analysis | Life Insurance |
| Estate Planning (Wills and Trusts) | Surviving Spousal Requirements |
Financial Plan Fees: While financial planning is not required for us to provide investment management, we do encourage clients to have a financial plan completed. Fees are assessed according to the breadth and complexity of the client’s situation and stated objectives. The minimum fee is $1,500 and the maximum fee is $3,500. One-half of the estimated fee is due at the time an engagement agreement is signed and the remaining balance upon completion of the plan.
Investment Supervisory Services
The client may request asset allocation recommendations for a portfolio given a stated investment objective and sum of money. A proposal is prepared and, if agreed upon, implemented through TFG under what is referred to as the Managed Asset Portfolio (“MAP”) Agreement. Upon implementation, this agreement between client and TFG is documented with a signed and dated MAP Agreement, which outlines the parameters of the program, including the specific duties of TFG and those of the client.
Our minimum portfolio size is generally $250,000. There are exceptions to this minimum, particularly for clients who are adding to their portfolio on a regular basis. The minimum annual fee is 1% of Managed Assets applicable to all new MAP clients as of January 1, 2009. (Ex. 1% of $250,000 in Managed Assets equals an annual fee of $2,500.)
Fees are assessed and applied on a quarterly basis. Depending on the extent of the work involved, a one-time service fee may be charged to establish the account(s). Management services are considered in-force and billable upon signing the Managed Asset Portfolio Agreement; however, TFG may choose to begin billing once assets have been successfully transferred to TFG’s Investment Advisorship.
The annual advisory fee includes such direct costs as portfolio development, maintenance, due diligence, monitoring, and reviewing as well as providing a detailed, written portfolio update for the client every quarter-end. The fee also covers regular reviews of all assets and allocation as it relates to the client’s current financial situation and financial goals, any relevant financial planning services as appropriate, and unlimited phone and appointment time.
Legacies Recently, a few clients have asked about their grown children becoming clients even if they do not meet our minimum of $250,000 of assets under management. Our general rule is that children of clients are exempt from our current minimum for new clients. One client recently gifted funds to their grown children with the suggestion that the money be invested with us so that they could establish a relationship with our firm now rather than later. If you are in a position to gift to your children and would like them to consider becoming our clients, please let us know. Grown children may wish to use part of a gift to pay for financial planning. Providing your grown children with a financial plan prepared by professionals may be one of the best gifts you can give them.
On occasion, TFG will accept requests to review a pre-defined project involving general financial advice which is limited in scope, and which by nature would fall outside of the Investment Supervisory Services and Financial Planning services outlined above. Such consultations may include but are not limited to; a review of current assets and their allocation, retirement plan distribution options, an analysis of a Buy/Sell agreement, or estate and tax planning.
Hourly Fees: TFG charges $225.00 per hour for CFP® Professional, $150.00 per hour for Associate Advisor, and/or $100.00 per hour for para-planner and staff time as appropriate. Clients are advised when an hourly charge is in effect and the estimated amount of time required to perform the requested service. Hourly compensation is generally payable upon completion of the work. TFG may request a partial payment at the time an engagement agreement is signed with the remaining balance due upon completion.
If you would like additional help beyond the information presented on our website, please feel welcome to contact us.
current page: http://www.tullfinancial.com/whatweoffer/index.asp