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Choosing an Advisor is a very personal
decision that my come with some uncertainty. What we offer is financial
advice, but what our clients really buy is the confidence and peace
of mind that comes from working with experienced advisors they can
understand and trust.
What are BWFA Fees?
At BWFA, we provide three types of services: 1) retirement
and estate planning, 2) investment
management, and 3) tax services.
We charge separately for each service.
- For Investment management, our fee is a percentage of the assets we manage. The percentage fee ranges from .75% to 1.25% annually, depending on the level of assets. These fees are very competitive and far less than the average cost of mutual funds.
- Our fees for tax preparation are based on the forms and schedules
required to file the return. Our fees are usually less than those
charged by CPA firms, and more than those charged by discount
tax preparation shops. The average cost of a tax return at BWFA
is about $400.
- For planning, we charge a flat fee based on the complexity
of the work involved. The specific fee is determined during the
free initial consultation meeting. Contact
us for an appointment. To get an idea of the range of fees
a client typically pays for planning, please call us at 410.461.3900.
Because of our fiduciary relationship
with our clients, we consider it our responsibility to keep fees as
low as possible.
No Hidden Fees at BWFA
Most financial advisors are compensated
partly or entirely by commissions from selling products, such as
mutual funds and insurance, to their clients. We believe that when
advisors sell products their interests are in conflict with their
client's best interest. Many times, clients do not have a clear
understanding of how much they are actually paying to their advisor.
In contrast, BWFA is a "Fee-Only®"
financial advisory firm. We are compensated solely by fees paid
by our clients and do not accept commissions or compensation from
any other source. All fees are discussed and agreed to in advance
and there are never any surprises.
BWFA is a member of the National Association of Personal Financial
Advisors (NAPFA), www.napfa.org,
the largest professional association of "Fee-Only®"
financial advisors in the U.S.
(more about Fee Only)
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