Frequently Asked Questions
We work with individuals, families and organizations that recognize their need for planning or investment advice. Clients who benefit most from our services are those know they’d like to get organized, become more informed about their financial lives, benefit from professional assistance and are willing to collaborate with a trusted advisor.
Common client profiles included small business owners, professionals such as architects, consultants and attorneys, or families with complex financial circumstances. Most corporate clients have less than 200 employees.
Depending on the type of engagement we normally expect to interact with most clients up to 15 times per year. These interactions include phone calls, in-person progress meetings, performance statements, and live events. Emails and other correspondence interactions are considered separate from the above and may exceed several instances per month. Minimum interaction standards are once per month by phone or email. Ultimately, each client determines the amount of contact they prefer.
Vested Wealth Advisors is a fee-only advisory firm acting as true fiduciaries to our clients at all times. Fiduciaries are prohibited from being compensated by commissions. Vested Wealth Advisors are compensated by fees based on assets under management, flat project fees, or monthly retainers. In most cases fees are billed at least partially in advance.
For comprehensive Wealth Planning, which includes ongoing investment portfolio management, our fees are based on the assets we are managing, as follows:
- Up to $500,000 – 1.0% of assets
- From $500,000 to $2 million – 0.75%
- From $2 million to $5 million – 0.60%
- Above $5 million – 0.45%
For Modular Financial Planning our fees may be based on a ‘Per Project’ basis or on as an ongoing monthly retainer.
- Modular Planning - $250-$1000 per module (retirement planning, education savings, estate planning, etc.)
- Planning Retainer – depending on the complexity of the planning requirements, monthly retainers start at $125.
For Investment Portfolio Management only (based on identified goals):
- Up to $500,000 – 0.60% of assets
- From $500,000 to $2 million – 0.50%
- From $2 million to $5 million – 0.40%
- Above $5 million – 0.25%
For Retirement Plans and Financial Planning as an Executive Benefit, our fees are customized for each plan or program. Please call us to discuss your situation.
No, for asset based fee programs we only ask for an annual minimum fee of $3,000. For project and retainer clients, portfolio or account size does not apply.
Vested Wealth does not sell insurance policies or insurance products such as annuities. We do however, in the course of our planning work review our clients’ risk exposures (insurance needs) and provide recommendations and guidance on their existing insurance coverages and/or the need to obtain insurance. VWA will never receive any compensation from third parties to whom we may recommend clients to for insurance or any other service or product.
Vested Wealth Advisors does not offer any legal or accounting services, nor do we sell insurance products. Vested Wealth also does not accept performance fees of any kind.
Clients are free to hold (custody) their portfolio investment assets at Charles Schwab, TD Ameritrade or another custodian. VWA has business relationships with Schwab and TD and can set up arrangements with additional custodians as necessary.
Clients’ assets are protected by the SIPC while under custodian supervision. See the “Resources/Useful Websites” section for a link to the SIPC website for more information.
No we do not. Our status as a Registered Investment Advisor (RIA) governed by the Investment Advisor Act of 1940, and as a Certified Financial Planner (CFP), requires us to act as fiduciaries to our clients. Fiduciaries are prohibited from maintaining conflicts of interest between themselves and their clients without prior disclosure. VWA chooses to not allow conflicts of interest at all in their client relationships so no disclosure is necessary.
A client may cancel or terminate their association with Vested Wealth Advisors at any time by sending written notice (email or letter) to VWA. Since fees are normally billed in advance VWA will return any fees billed in advance on a pro-rata basis from the time of the notice of termination. For more details please request to review our Client Agreement.