We offer different service levels to better match your needs and personal circumstances with 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 continuously quarter after quarter, year after year. This allows for unlimited client-advisor communication and a proactive approach by Elmwood for this comprehensive service. We take full responsibility for your personal finances going-forward.
FEES
Clients pay an annual fee of 1% or $10,000 on assets under management, whichever is greater, followed by additional discounts for higher balances. Minimum assets of $1,000,000 are required.
1% |
$0 to $2,000,000 |
.80% |
$2,000,001 to $5,000,000 |
.50% |
$5,000,001 and above |
Core Service Client
OVERVIEW
Our ‘Core-Service Client’ is a relationship where financial planning, investment management, tax planning, and estate planning are 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 $5,000 on assets under management, whichever is greater, followed by additional discounts for higher balances. Minimum assets of $675,000 are required.
.75% |
$0 to $2,000,000 |
.60% |
$2,000,001 to $5,000,000 |
.40% |
$5,000,001 and above |
*Current hourly rates are $225/hr for professional time and $95/hr for staff time.
Additional Services
Elmwood Premier Service
- Tax preparation & coordination- CPA shared portal
- Enhanced Elmwood client portal
- Financial planning mobile app
- Quarterly tax planning and advice
Contact us for pricing.
Elmwood Plus Service
- Tax preparation & coordination- CPA shared portal
- Enhanced Elmwood client portal
- Financial planning mobile app
Contact us for pricing.
Fees are paid quarterly, in advance, meaning we use the value of your assets as of the prior quarter's end to calculate the upcoming quarterly fee. We ask that clients allow us to debit fees out of their Elmwood directly managed brokerage accounts each quarter. We also send every client a fee bill with the quarterly calculation for your review and assurance that we are billing you correctly.