Financial Planning Fees

Learn about our straightforward financial planning and wealth management fees.

Covenant Wealth Advisors is a fee-only financial planning firm and registered investment advisor. 

 

 

Fee-only means clients pay us a fee for our advice and services and we never receive commissions or third party payments from product companies. This is different from most financial advisors who may sell products in an effort to earn a commission.

 

 

As a fee-only financial planner, we are paid the same regardless of the products we recommend. We believe this reduces conflicts of interest and better aligns our interests with yours. Moreover, as a fee-only financial advisor our goal is to provide you with the best advice, not to win sales contests.

Do you guarantee your services?

 

We guarantee our services. If you aren't satisfied with the advice you receive, we'll refund 100% of your financial planning or wealth management fees within the first six months of becoming a client.

How much does it cost to talk to a financial advisor?

 

The first meeting is always free with no obligation or cost. We view this time as an opportunity to learn more about each other. It also allows helps us determine if we can help you and if there is a mutually beneficial reason to work together.

 

The first step is to schedule an initial intro call to learn more here. 

How much does it cost to work with Covenant Wealth Advisors?

 

Before we engage in a relationship, we'll identify the appropriate fee structure based upon your needs and the type of financial advice that you seek. Our goal is to deliver meaningful and valuable advice that far exceeds the fees we charge.

 

We typically charge one of three ways:

 

  • Fixed fees: For financial planning services, we typically charge a flat fee between $2,500 - $3,500 depending upon the complexity of your situation. 

  • Percentage of  assets under management (AUM Fee): For wealth management, we typically charge between 0.40% to 1.00% of your portfolio value per year if we manage $1 million or more of your combined investments. Fees will not exceed 1.25% for accounts less than $1 million.

  • Hourly fee: Hourly fees are typically charged to clients who have already purchased a comprehensive plan, but they want a refresher or plan update a year or so down the road. We charge $250 per hour.

 

You'll never pay us commissions or be sold products. 

 

What services do you provide?

We provide two primary services which include:

 

Financial Planning is the process of developing a road map (financial plan) to help you retire without the stress of money. You'll partner with a Certified Financial Planner who will help you clarify and prioritize your goals. Then, we collect your financial facts and develop a plan specifically for your situation. Finally, you'll receive clear and concise recommendations addressing all of your financial questions. The experience will give you the clarity and insight you need to live a more financially confident life.

 

Your plan may cover:

  • Retirement income planning

  • Investment analysis and recommendations

  • Social Security Timing

  • Cash flow projections in retirement

  • Tax planning and tax reduction strategies

  • Roth conversion strategies

  • Insurance needs analysis

  • Estate planning

  • Legacy planning

  • Net worth analysis

 

Wealth Management is a comprehensive service that includes the development and maintenance of a personal financial plan (see above), investment management, and continuous advice as your life and needs change.

Download a summary of our financial planning and investment advisory services here.

Who is your ideal client? 

 

We do our best work with someone age 50 plus who has between $1 million to $10 million in investment assets and you value hiring an expert because you know your retirement is too important to manage it alone. 

What don't you do?

 

  • We DON'T represent any product companies

  • We DON'T receive commissions from product companies

  • We DON'T try to hard sell you a bunch of insurance policies

  • We DON'T ever compromise our fiduciary standards

  • We DON'T file your tax return. 

     

Start Here to See if We Can Help.

 

Let us help you enjoy life without the stress of money.