We offer two different service levels to better align your needs and personal circumstances to the services we provide.
Full Service Client
OVERVIEW
Our ‘Full-Service Client’ is a relationship that includes our four essential services: financial planning, investment management, tax planning and estate planning. Client-advisor communication is performed on a continuous basis quarter after quarter, year after year. This allows for unlimited client-advisor communication and a pro-active approach by Elmwood for this comprehensive service. In other words, we take full responsibility of your personal finances on a go forward basis.
Fees
Clients pay an annual fee of 1% or $7,500 on assets under management, whichever is greater, followed by additional discounts for higher balances. Minimum assets of $750,000 are required.
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1%
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$0 to $2,000,000
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.80%
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$2,000,001 to $5,000,000
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.50%
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$5,000,001 and above
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Core Service Client
OVERVIEW
Our ‘Core-Service Client’ is a relationship where financial planning, investment management, tax planning and estate planning is provided during the first 12 months. In year two, the relationship transitions to one of investment management only. You will also receive an annual update to your financial plan which will be posted to your client portal. Additional client-advisor communication and planning projects are then billed on an hourly basis* .
Fees
Clients pay an annual fee of .75% or $4,000 on assets under management, whichever is greater, followed by additional discounts for higher balances. Minimum assets of $500,000 are required.
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.75%
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$0 to $2,000,000
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.60%
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$2,000,001 to $5,000,000
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.40%
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$5,000,001 and above
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*Current hourly rates are $225/hr for professional time and $95/hr for staff time.
Fees are paid quarterly, in advance, meaning we use the prior quarter end value of your assets to calculate the upcoming quarterly fee. We ask that clients allow us to directly debit fees out of their Elmwood managed brokerage accounts each quarter. We also send every client a fee bill with the quarterly calculation for your review and assurance we are billing you correctly.