Philosophy & Qualifications
Fees & Services
Fees and Services
North & Company, LLC advises clients on personal financial planning issues. Clients are guided through a structured process of financial planning. The process may include, but is not limited to, cash management and budgeting, estate planning, asset allocation, investment selection, tax planning, retirement planning, education funding, and insurance concerns. Clients goals and needs are at the heart of the process. The planning process considers how current and future assets and income are able to support their goals and needs, within the expected time horizons.
North & Company, LLC, provides fee-only financial advisory services, giving advice and making recommendations to the client, based on client needs and objectives. North & Company, LLC offers this service to individuals, trusts, estates, charitable organizations, corporations, and pension and profit-sharing plans. Advisor has no direct trading authority unless specifically authorized by the client. Account recommendations are guided by the client objectives and risk tolerance.
North & Company, LLC provides comprehensive financial planning services that may be provided separately on a fixed fee or hourly basis.
Retainer and Percentage of Assets Under Management accounts receive:
- An initial Comprehensive Financial Plan.
- Quarterly account statements outlining performance and investment outlook.
- Quarterly Review of performance to plan. Actual to Plan asset alignment tolerances will be established as part of the agreed upon Investment Policy Statement. Client will be notified via e-mail (if available) or phone with appropriate buy/sell recommendations to realign to plan.
- Annual Updates of the Comprehensive Financial Plan.
- On-Call Financial Advice - Everyday advice. Should I lease or buy my next car? Is it time for me to refinance the house? Or is a home equity loan right for us? I'm thinking about buying a second home, or a home down south, what financial concerns should I be considering? I'm thinking about selling and moving to assisted living; can you do an analysis of the cost trade-offs for me?
Such services will be included at no additional cost provided client maintains an on-going retainer relationship for a minimum of one year, or, maintains an assets under management balance over $353,000 for a minimum of one year.
Fee Schedule for Comprehensive On-going Financial Advice Including Investment Supervisory Services
Retainer: $750 per quarter based on a one year agreement. First year retainer clients requesting a comprehensive financial plan will be subject to payments in line with delivery of the plan. One third of the annual fee upfront, the next third upon review of the plan draft with the client and the final third upon delivery of the final completed plan, quarterly billing will begin in the second year.
Percentage of Assets Under Management:
0.2125 per quarter (.85% per year) of assets up to $500,000
0.1688 per quarter (.675% per year) of assets up to $1,000,000
0.1250 per quarter (.50% per year) of assets above $1,000,000
Total fees shall be subject to a minimum of $750 per quarter and $3,000 minimum for the first year ($353,000
for AUM). Fees are charged quarterly in advance. Fees may be adjusted up or down at the advisor's option based on client requirements.
Advisory agreements may be terminated at any time by written notice of either party. Fees paid for the current period are refunded on a pro rata basis subject to previously mentioned minimum.
Fee Schedule for Hourly Services
Services are performed based on a rate of $150 per hour. One third the estimated fees will be charged in advance with an additional third due upon client review of initial work, with the balance due upon completion. Work cancelled before completion is billed on an hours actually worked basis.
Some projects may be undertaken on a fixed fee basis with a fee agreed upon in advance; half paid in advance and half upon completion. Such projects may include a reduced hourly rate based on skills required.
Services provided to "non-individuals" may be determined on a negotiated basis.
Advisor requires a college degree, graduate of a financial planning program, and passage of the CFP™ (Certified Financial Planner) exam for those involved in determining or providing financial advice to clients.
Advisor does not pay professional referral fees at this time. However, Advisor may pay fees for professional referrals from associated client legal counsel or tax accountants. Such fees shall not exceed 10% of Advisor billings to the client annually.