We believe great relationships start with clear understanding, so it’s important that our fees are transparent. The minimum annual fee for HFM360° is $5,000, which may be satisfied in two ways:
For clients with portfolios of at least $350,000, our annual portfolio management fee covers the entire minimum fee.
For clients with portfolios below $350,000, we bill the balance between the annual portfolio management fee and the minimum fee. This bill is payable via credit card, check, or ACH. This balance is recalculated and billed each year until the portfolio reaches or exceeds $350,000.
To see exactly how you’ll pay for HFM360° use our calculator below.
We’ve found that HFM360° provides the most value to clients that have at least $500,000 of investable assets. However, we recognize that some clients may have complex financial needs that call for HFM360° breadth of services yet have substantial portions of their net worth in assets that HFM cannot manage – like the value of a small business or real estate portfolio, 401(k) at a current employer, or stock options plans to name a few. While most HFM360° clients pay our fee via the investment management fee deducted from their HFM investment accounts, our flexible fee structure allows us to alternatively bill clients directly, just like a CPA or attorney.
HFM360° works best when we handle both the financial planning and investment management for our clients. This allows us to fully manage the overall process and ensure that investments are managed in line with our investment philosophy which is baked into the assumptions of the financial plan.
Your dedicated HFM Advisor is always just an email or phone call away. We all have online scheduling links that allow clients to easily grab an available time on our calendar at their convenience. You may also schedule check-in meetings as needed to review your accounts and discuss questions you have or decisions you’re considering. We typically like to have at least an Annual Review to make sure we’re aware of any changes to your financial picture and discuss any strategy changes to consider.
In the financial industry, fees and commissions are often buried deep in thick prospectuses. We think that’s wrong and are pleased to give our clients an honest and transparent alternative. At the beginning of each quarter, we calculate the quarterly portion of your annual fee based on the total value of any investments managed by HFM at the end of the previous quarter. We then directly deduct that fee from your account(s) and this amount is clearly shown as a transaction on your account statements. Any fund held in your portfolio at HFM will assess fund-level fees, called expense ratios, but we aim to keep these costs low, and we receive no part of these fees.
Each year, before your Annual HFM360° Review, we will evaluate the investment fees you’ve paid to HFM over the last 12 months and determine whether there’s any additional amount we need to bill you to satisfy your minimum annual fee for HFM360°. If so, we’ll review it at our review meeting and provide you an invoice for that balance, which you may pay by debit/credit card or check.
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