Our Fees

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Our Financial Planning Fees

We believe that clear and concise fee schedule information is important for our client relationships and fiduciary oath. Since we are a fee-only financial advisor, our only compensation comes from our clients. We do not receive any commissions, referral fees, kickbacks, or side deals to line our pockets from third parties.

This commitment isn’t the case with a fee-based financial advisor who can sell you commission-based products like annuities or insurance on top of their investment advisory fee schedule. We like to call that double-dipping into the client’s wallet.

As a fiduciary in Portland, OR, we believe a straightforward, transparent fee schedule outlining our investment and financial planning services fees is crucial. The chart below lists all the fees you’ll ever pay us.

We hope this will help you understand what you’re paying for and help you make more informed decisions about using wealth management in Portland.

Assets Under Management Annual Fee
$0 to $499,999 1.25%
$500,000 to $1.0 million 1.00%
Next $2.0 million 0.75%
Next $2.0 million 0.55%
Above $5.0 million 0.45%

As an example, a client with $650,000 in investable assets would pay 1.25% on the first $499,999 and 1% on the remaining $150,001 for an average fee of 1.19%. A client with $2,500,000 in investable assets would pay 1.25% on the first $499,999, 1% on next $500,000 and .75% on the remaining $1,500,001 for an average fee of 0.90%.
We bill and collect fees quarterly for services most recently provided in arrears. Payments for partial quarters at the start or termination of the relationship will be adjusted based on the number of days the account was open during the quarter.

Frequently Asked Questions

What is Fee-Only Financial Planning?

Fee-Only Financial Planning is focused on giving advice without requiring the client to buy a product that compensates the advisor. The advisor is product agnostic and allows you to have greater autonomy in making investment decisions, as there are no financial incentives for the advisor to recommend products that may not be in your best interests.

Additionally, this type of planning can provide peace of mind. You know that your fee-only investment advisor will never involve themselves in any transactions on your behalf that they did not specifically advise and approve.

There are numerous reasons why fee-only advisors might be better for you than those who offer commission-based plans. For example, commission-based planners may sell products that conflict with your investment objectives. They may be incentivized to recommend investment products with high commissions or fees. And finally, they may receive personal benefits from recommending certain products or services like trips and bonuses.

What are Fee-Based Financial Advisors?

A Fee-Based Financial Advisor is an investment advisor who can charge their clients a percentage of assets under management, a commission on the sale of investment products, or both. You know an advisor is fee-based if they are registered with FINRA or the Financial Industry Regulatory Authority. They essentially wear two hats and typically work at full-service brokerage firms like Merrill Lynch, LPL Financial, Ameriprise, or other firms.

The term “fee-based” was invented by large Wall Street brokerage houses as a marketing gimmick to blur the lines between themselves and fee-only planners. A fee-only planner is registered only under the 1940 Investment Advisor Act with the SEC and never with FINRA.

What are the Pros of a Fee-Only Financial Planner?

Fee-only financial planners offer a unique perspective and service not available from other financial planners. They are dedicated to serving their clients exclusively through a “fee for advice” model rather than working as agents for other financial institutions or selling products. This structure allows them to have complete transparency with their clients and provide honest advice tailored specifically to their needs. Another advantage of using a fee-only planner is the lack of potential conflicts of interest.

How are Financial Advisor Fees Charged?

Financial advisor fees fall into the following categories: commission-based, percentage of assets under management, hourly, annual retainer, or project-based fee. Some advisors may also charge a combination of these fees. However, the fee structure can vary greatly depending on the size and complexity of your portfolio and case.

Is Paying for a Financial Advisor Worth It?

A financial advisor can be a valuable asset if you are looking to make significant decisions regarding your finances and want ongoing guidance. However, it is essential to remember that not all advisors are created equal, so you’ll need to do your homework to find an advisor who understands your specific goals and has the experience and knowledge to help you with your specific problem.
ABOUT INTERACTIVE WEALTH ADVISORS
Interactive Wealth Advisors is a Portland, OR Fee-Only financial planning firm serving Portland and all surrounding areas. Interactive Wealth Advisors Inc. specializes in providing objective financial planning to help clients build, manage, grow, and protect their assets through life’s transitions.
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