Financial Planning Fees
Financial Planning Fees and Investment Management Costs
How Much Does Financial Planning Cost?
George Wealth Management offers several planning relationships, including comprehensive Project Clarity planning, focused executive planning, and selected one-time or a-la-carte services.
Financial planning and investment management are separate services. Each has its own scope, agreement, and fee treatment. George Wealth Management serves business owners, executives, high earners, and successful families throughout Chattanooga, Tennessee, and surrounding communities.
Schedule a ConversationOngoing Financial-Planning Options
The appropriate planning relationship depends on the client's needs, complexity, desired access, and scope of work.
Foundations Planning
$150/month - first year
$100/month beginning year two
- Initial consultation
- One planning meeting per year
- Unlimited support-staff access
- One scheduled advisor check-in per year
Momentum Planning
$300/month - first year
$225/month beginning year two
- Initial consultation
- Two planning meetings per year
- Unlimited support-staff access
- Scheduled advisor check-ins each quarter
Project Clarity Comprehensive Planning
$5,000 first year
11 payments of $416.67 and a final payment of $416.63
$350/month beginning year two
- Four planning meetings per year
- Unlimited support-staff access
- Ongoing advisor access
- Coordination of connected planning decisions
What Does the Planning Relationship Address?
Depending on the engagement and the client's circumstances, planning may address cash flow, retirement timing, investment decisions, tax-aware planning coordination, estate considerations, business-owner decisions, executive compensation, company stock, family priorities, and charitable-planning considerations.
Investment Management Fee Schedule
Investment management is a separate service governed by an investment advisory agreement.
| Assets Under Management | Percentage Client Fee |
|---|---|
| First $0-$500,000 | 1.25% |
| Amounts greater than $500,000-$1,000,000 | 1.00% |
| Amounts greater than $1,000,000-$2,000,000 | 0.90% |
| Amounts greater than $2,000,000-$5,000,000 | 0.80% |
| Amounts greater than $5,000,000 | 0.65% |
Additional platform, strategist, manager, product, transaction, custody, or other program costs may apply depending on the accounts and services selected.
One-Time and A-la-Carte Planning Services
| Service | Fee |
|---|---|
| Executive Planning Engagement Focused planning engagement for executives and senior professionals. Includes two planning conversations, a one-page plan, and priorities for the next 90 days. | $1,500 |
| Social Security filing-strategy evaluation | $50 |
| Roth-conversion strategy evaluation | $200 |
| Combined Social Security and Roth-conversion evaluation | $180 |
| Retirement-planning projections | $250 |
| Introductory financial planning | $300 |
| RMD/QCD management and distribution planning - annual | $1,000 |
| Tax-return analysis for financial-planning purposes, coordinated with a qualified tax professional - annual | $1,000 |
| Budgeting using AdviceWorks | $50 |
| Budget monitoring using AdviceWorks and the Elements app | $10/month |
| Trust-services coordination with an attorney | $250 |
| College-funding comparison report | $50 per school |
| College scholarship estimator | $200 |
| College-search query tool | $300 |
Frequently Asked Questions
What is the Executive Planning Engagement?
The Executive Planning Engagement is a focused planning engagement for executives and senior professionals. The current fee is $1,500 and includes two planning conversations, a one-page plan, and a clear list of priorities for the next 90 days.
Can the comprehensive first-year fee be paid monthly?
Yes. The $5,000 first-year comprehensive fee may be billed as 11 payments of $416.67 and a final payment of $416.63, subject to the financial-planning agreement.
How can investment management relate to the Project Clarity Comprehensive Planning fee?
Financial planning remains a separate service with its own fee and agreement. For clients who also engage George Wealth Management for investment management, applicable first-year investment-management fees may be credited toward the first-year $5,000 Project Clarity Comprehensive Planning fee, subject to the applicable agreements.
Are investment-management fees the only investment-related costs?
No. Other program, platform, manager, product, transaction, custody, or related costs may apply. The applicable agreements and disclosure documents provide the controlling details.
Have a Question About Fees?
A conversation can help clarify the planning problem, the expected scope of work, and which type of relationship may be appropriate.
Schedule a ConversationImportant Disclosures
Financial Planning and Consulting Services are provided under a separate agreement from Investment Management Services. The planning scope, billing terms, and any credit of applicable first-year investment-management fees toward the first-year $5,000 Project Clarity Comprehensive Planning fee are governed by the client's agreements and the firm's approved disclosure documents.
The percentage client fee shown above combines the program fee and advisor fee for the referenced investment-management programs. Additional fees and expenses may apply. Please review the firm's Form ADV, applicable agreements, and other disclosure documents for complete information.