Services and Fees
Financial planning is a dynamic and ongoing endeavor, empowering individuals and families to make well-informed financial choices, paving the way for financial stability and the realization of their desired lifestyle in the future. At New Era Advisory, we assist individuals and families in creating comprehensive financial plans tailored to their specific needs and goals. We are experts in various areas of finance and can provide guidance on:
- Cash Flow and Debt Management
- College Savings
- Employee Benefits Optimization
- Retirement Planning
- Investment Analysis and Strategies
- Financial Goals
- Insurance Planning
- Estate Planning
- Tax Planning and Optimization
- Risk Management
Our Financial Planning Services are offered on a project-based and/or via an ongoing engagement. To check out our process, go here.
Project-Based Financial Planning Service
Limited scope one-time engagement is available to those looking to address specific questions or issues. Clients may choose from one or more of the above topics to cover. If this type of service is selected, clients will be ultimately responsible for the implementation of the financial plan.
The fees for this type of engagement range between $500-$5,000 based on the complexity and scope of the project.
Ongoing Comprehensive Financial Planning Service
This service involves working one-on-one with us over an extended period of time. We will develop and implement your financial plan. We will monitor the plan and recommend any changes to ensure the plan is up to date.
Ongoing Financial Planning fees will consist of:
- An upfront charge of up to $2,500 depending on complexity, for the development and delivery of the financial plan.
- An ongoing monthly flat fee of $100-$1,500 per month, also depending on the complexity.
Investment Management Services
We also offer investment management services which are charged separately from our planning fees because both have value. The fees for investment management are calculated as follows:
| Assets Under Management | Annual Fee |
|---|---|
| $0 - $1,000,000 | 0.60% |
| $1,000,001 - $2,000,000 | 0.50% |
| $2,000,001 - $3,000,000 | 0.40% |
| $3,000,001 and Above | 0.30% |
The fees are prorated and paid in arrears on a monthly basis. The advisory fee is a blended fee and is calculated by assessing the percentage rates using the predefined levels of assets as shown in the above chart resulting in a combined weighted fee. For example, an account valued at $2,000,000 would pay an effective fee of 0.55% resulting in an annual fee of $11,000 (but this would be charged on a monthly basis at $916.67 per month).