Fee-only means all compensation comes from clients — not from commissions or referral fees. Clients are charged a percentage of the accounts managed each year as below for financial planning and investment management services, billed quarterly:
The first $500,000: 1%
The amount from $500,001 to $1,000,000: 0.50%
The amount over $1,000,001: 0.40%
For example, a $1,000,000 portfolio would be charged an average of 0.75% each year, or $7,500.
The service and fee structure are designed for prospective clients with at least $1,000,000 in manageable assets, however, that's a guideline, not a requirement. Clients are accepted at the firm's sole discretion.
In the rare cases where Therese Govern works on an hourly basis, her fee is $200/hour.
Copyright 2012-2018, Therese Govern Financial Advisors LLC