Full Transparency in how you are compensated.
That's what your clients want.
Here is how I'm compensated:
I charge 1% of gross income (minimum of $1500) plus a $1000 initial set up fee.
Example: If you make $150k per year, the fee would be $1500 plus the $1000 set up fee.
That fee includes:
Life Planning
College Savings
Risk Management
Debt Payoff Plan
Cash flow planning
Retirement strategy
Company benefit planning
Tax Insights
Estate planning
Equity compensation planning (RSU, stock options)
Life Planning
Coordination of other professionals (CPA, Insurance Agent, Lawyer, etc)
Some of my clients ask for our management of investments.
We charge .5% of assets we manage.
Example: If we manage $250,000 our compensation would be $1250 for the year.