By David Stanfield
Not only can talking about money be uncomfortable, but the intricacies of how financial advisors work can seem overly complicated. This is likely one of the reasons why investors are confused by wealth management fees but don’t ask for clarification or details. But regardless of the complexities and awkwardness, it’s essential to understand what you’re paying and how these fees impact your investments’ net performance.
At Evergreen Wealth Management, we feel it is critical for our clients and potential clients to understand how we work, what we charge, and make it easy to do business with us. We place a high priority on honesty and transparency and strive to make the financial planning process streamlined, economical, valuable, and fun. We understand how precious your time is, and we want to make our time together as efficient and rewarding as possible. Here’s a view into how we work and what you can expect.
How We Work
Simple 3-Step Process
STEP 1: Complimentary 15-minute call
STEP 2: Goal-setting meeting to discuss your situation and begin building a customized plan
STEP 3: Strategy presentation
Once we’ve completed these three steps, there are two options for working together.
OPTION 1: Strategy-Only
Rely on my experience and knowledge to build and develop a financial plan and investment strategy.
We follow our simple 3-step process and when completed, I will provide you with a financial plan report and customized written document specific to your situation and areas of interest. You can then take this information and implement the strategy on your own.
OPTION 2: Long-Term Relationship
Work with me on an ongoing basis for financial planning and investment management.
What We Charge
3-Step Process Fees
The fee for the financial plan report and customized written document specific to your situation and areas of interest is $1,500. During our goal-setting meeting I will collect $750. After Step 3 in the strategy presentation meeting, you can decide that you want to work together on an ongoing basis or self-direct your plan. If you decide to self-direct I will collect the remaining $750 and you can implement the plan on your own.
Long-Term Relationship Fees
If you decide to hire me for financial planning and investment management, I will waive the second half of the financial planning fee ($750). We can move forward at that time to implement the financial plan and set-up investment accounts for ongoing management.
Fee Schedule for Investment Management
$0-$500,000 = 0.95%
$500,000 - $1,000,000 = 0.80%
$1,000,000 - $3,000,000 = 0.65%
$3,000,000 + = 0.50%
Hourly Planning / Project Based
I can also work with you on an hourly basis for specific project based planning, the rate is
$175 an hour.
Asset management fees are calculated on a weighted average percentage basis.
$100k minimum account balance for investment management.
It’s Easy To Get Started!
Our greatest hope is that you will feel confident and secure in our process and what you are paying for our services. We want to make financial planning easy and—dare we say it?—fun! At Evergreen Wealth Management, we believe that financial planning is critical for your success, but it doesn’t have to be a heavy burden. Get started today by scheduling a complimentary 15-minute phone call at 206-357-8428 x5028 and see where it could take you!
David Stanfield is the founder of Evergreen Wealth Management with 20 years of industry experience. David is passionate about developing long-term relationships with his clients and creating tailored plans to help each client move closer to their financial goals. He serves clients in Seattle and beyond, including Everett, Bellevue, Kingston, Kirkland, Bellingham, Federal Way, Bothell, Shoreline, Edmonds, Port Townsend, Mukilteo, Bainbridge Island, Kitsap County, Cle Elum, and Ellensburg. He graduated from the Foster School of Business at the University of Washington in 1998 with a degree in Finance. He is also an Enrolled Agent (EA) and has technical expertise in the field of taxation. Raised in Seattle, WA, Dave currently lives in Edmonds, WA, with his wife, Irene, and their son, Egan. Outside of the office, Dave is a licensed private pilot and enjoys fishing, golf, and traveling. He is also an active real estate investor and received a Certificate in Commercial Real Estate from the University of Washington and is a member of a National Real Estate Investing Association. Learn more about Dave by connecting with him on LinkedIn.
Securities offered through Regulus Advisors, LLC. Member FINRA/SIPC. Investment advisory services offered through Regal Investment Advisors, LLC, an SEC Registered Investment Advisor. Regulus Advisors and Regal Investment Advisors are affiliated entities. Evergreen Wealth Management, LLC is independent of Regulus Advisors and Regal Investment Advisors.