Barnett Financial is a fee-only firm — that means we are compensated directly by clients and do not accept commissions or compensation from any other source.
In addition to being simple and transparent, our fee structure naturally aligns our interests with yours. You’ll never have to think twice about your financial planner’s motivations — when you succeed, we succeed.
As a Registered Investment Advisor, we have a fiduciary duty to our clients and are therefore legally required to put your interests first. Beyond our fiduciary duty, our team feels a strong sense of personal responsibility for each of our clients and strives to treat our clients the way we would want to be treated ourselves.
Barnett Financial does not have an account minimum for ongoing investment management services, but we typically find that our services make the most sense for individuals with investment assets of $1 million or more.
On an annualized basis, Barnett’s fees for ongoing portfolio management services are based on the following tiered fee schedule:
|Portfolio Tier||Annualized Fee|
Fees are charged on a marginal basis each quarter in arrears. Minimum quarterly fee is $2,500.
The initial, comprehensive financial plan is prepared at the hourly rate of $200 an hour, with an estimate provided in advance.