How does Financial Planning Hawaii’s asset-based fee billing work?
Our asset-based pricing model follows a tiered structure that begins at 75 basis points (.75%) on the first $500,000 of household assets under management and declines to a flat 8 basis points (.08%) on combined household portfolio values under management above $5,000,000.
Accounts are billed quarterly in advance. The billing relationship may be terminated at any time. Termination prior to the quarter will result in a refund that is pro-rated from the termination date to the end of the quarterly billing cycle.
Billing is only calculated based on the assets directly under our management. While we provide guidance and recommendations on all investments in the client’s portfolio, responsibility for implementing recommendations and managing/monitoring held away assets, rests solely with the consumer.