What Are Your Fees?

What are your fees?

Many investors simply do not understand what fees they pay for their investments. The financial services industry typically engages in indirect and complex charging practices.

We made it a goal to do things differently. Our fee is simple and transparent and based on the value of the assets we manage. This fee covers portfolio management, ongoing financial planning services, and all meetings and phones calls with your advisor as we assist you with managing your financial life. You will be able to easily find our fee as a line item on your statements when you hire Granite State Wealth Management.

Depending on the complexity of your situation, your initial financial plan generally costs $2,500. Upon receiving our investment recommendations, if you choose to appoint us to manage your investments, the initial financial planning fees are waived.

Assets Under Management Annual Fee
$250,000 - $999,9991.50%
$1,000,000 - $1,999,9991.25%
$2,000,000 - $2,999,9991.00%
$3,000,000 plusNegotiable

While fees are important, having a trustworthy and competent financial advisor is the key. A good advisor will create tremendous value for you. You should consider your own time availability and financial knowledge to determine if you feel you can achieve comparable results on your own. When it comes to your retirement planning, what is peace of mind worth to you?

Questions to ask before hiring a financial advisor

There are several items an investor should understand about any financial advisor. You may find some of the following questions useful in determining their relative strengths and capabilities:  

  • Do you have a mission statement?
  • What kinds of clients do you work with? Are they satisfied with your services?
  • How much money do you manage? How many clients do you have?
  • Are you a CERTIFIED FINANCIAL PLANNER™ (CFP®)?
  • Are you a fiduciary? Are you legally required to put my interests ahead of your own?
  • Do you invest your client’s money the same way you invest your own?
  • Can you outline all of your fees? How are you and your firm compensated?
  • Are you paid any 12b-1 fees? Does your compensation structure pose any conflicts of interest?
  • How do you select investment managers or funds? What criteria do you use?
  • Do you invest with mutual funds, ETFs, or individual securities?
  • How do you determine an investor’s rate of return objective and risk tolerance level?
  • How do you measure and manage risk in client portfolios?
  • How often do you rebalance or reallocate accounts?
  • Do you offer financial planning? Do you assist clients with more than just their investments?
  • How often do you communicate with your clients?
  • What was it like to have been a client of yours in 2000-2002? 2008? How did you communicate with clients during these markets?  

You should research any prospective advisor online using Broker Check: https://brokercheck.finra.org/. This free online resource allows you to research the history and experience of an advisor. It will include their education, licenses, and credentials. Most importantly, it will outline any regulatory actions, arbitrations, or complaints – a red flag for any prospective client.  

Remember the Big Picture

While fees are important, having a trustworthy and competent financial advisor is the key. A good advisor will create tremendous value for you. You should consider your own time availability and financial knowledge to determine if you feel you can achieve comparable results on your own. When it comes to your retirement planning, what is peace of mind worth to you? 

For all prospective clients, we offer a complimentary initial consultation as a chance for us to get acquainted. We want to make sure you feel confident that our financial planning process meets your needs. If you decide to take the next step, all fees would be fully disclosed in detail before any arrangement is agreed upon.

Related Information

Vanguard Study: The Added Value of Financial Advisors

Years of experience have prepared us to guide you through your life transitions.