Altruist Financial Advisors LLC
Fee-Only Investment Management

Fee Comparison

 

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At Altruist Financial Advisors LLC (“Altruist”), we believe that everybody should have access to the best possible financial advice at a reasonable cost.

We are so confident that you will be satisfied with our service that we guarantee it.  If you are not absolutely pleased with the value we have provided, we will refund your enrollment fee.[1]

Commission-based investment advisors charge little or no fees initially, but may charge commissions of as high as 50% or more for each subsequent investment.  At Altruist, we charge a very reasonable flat fee up front for our ALTRUIST® Financial Planning Services.  In addition, you won’t be paying exorbitant commissions either now or on an ongoing basis.  By avoiding commissions, we believe that you will end up with better, more objective advice at a lower overall cost.

The cost of a financial plan and subsequent investment management can vary considerably, so it is important to compare.  Here’s an example of what you can expect from Altruist and from a typical competitor for a financial plan and assets under management of $4,000,000.[2]

 

Other Investment Advisory Services

Altruist Financial Advisors LLC

Cost of Financial Advice and Plan

FREE to $2,500

$1,350 to $1,950[3]

Cost of Investment Advisory Fees[4] Paid to Advisor

$40,000 to $100,000

1% to 2.5%[5]

$20,000

0.235% for 1st $10M; Minimum of $20,000/yr

or[6]

or

or

Cost of Mutual Fund Commissions Paid to Advisor

$120,000 to $250,000

3% to 6.25%[7]

n/a

plus[8] plus plus
Annual cost of 12b-1 fees paid to Advisor

$10,000 to $40,000

0.25% to 1.00%[9]

n/a

Total Cost: First Year

$40,000 to $260,000

$21,350[10] to $21,950[11]

Total Cost: First Three Years

$128,596 to $346,494

$61,350[12] to $61,950

 ALTRUIST® Financial Planning prices (subject to change)

ALTRUIST® Comprehensive Financial Plan:

$2,950

ALTRUIST® Investing Plan:

$1,350

ALTRUIST® Portfolio Management Service prices (subject to change)

Fee Schedule for ALTRUIST® Portfolio Management Service

First $10,000,000

0.235% per year (i.e., 0.05875% per quarter)

Next $10,000,000 0.11% per year (i.e., 0.0275% per quarter)
Next $30,000,000 0.055% per year (i.e., 0.01375% per quarter)
Next $50,000,000 0.03% per year (i.e., 0.0075% per quarter)
Subsequent amounts 0.02% per year (i.e., 0.005% per quarter)

 

There is a minimum annual fee of $20,000 per year (i.e., $5,000 per quarter) for the ALTRUIST® Portfolio Management Service.  Generally, Altruist will not accept accounts of less than $2,000,000, but exceptions may be made on a case-by-case basis.

horizontal rule

[1] Offer good for 12 months after enrollment for ALTRUIST® Comprehensive Financial Plan and for the six previous months of fees for the ALTRUIST® Portfolio Management Service.
[2] Assume portfolio grows by 7% per year.
[3] Assumes ALTRUIST® Portfolio Management Service is purchased in conjunction with ALTRUIST® Comprehensive Financial Plan, resulting in a $1,000 credit.
[4] Fee-only financial advisors generally charge a percentage of assets under management to manage a portfolio.
[5] Annual investment advisory fee ranges.
[6] As shown, a person seeking financial planning advice will typically pay either a mutual fund sales commission (a.k.a., “load”) or an annual investment advisory fee for portfolio management.  Financial Planning is often either sold as a separate service or included free by commission-based planners.  Those free financial plans usually are not very comprehensive in scope and commissions on subsequent investments are high, as shown in the table.
[7] Front-end load ranges.
[8] As shown, a person paying a mutual fund sales commission will also typically pay an annual 12b-1 fee.
[9] 12b-1 fee ranges.
[10] Assumes ALTRUIST® Investing Plan Service and ALTRUIST® Portfolio Management Service are purchased.
[11] Assumes ALTRUIST® Comprehensive Financial Plan and ALTRUIST® Portfolio Management Service are purchased, which includes a $1,000 credit.
[12] Assumes ALTRUIST® Investing Plan Service and ALTRUIST® Portfolio Management Service are purchased.  Altruist amounts assume no-load mutual fund investments.

 

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