Fees & Disclosures
Fees and Our Fiduciary Responsibility
WE TAKE YOUR FINANCIAL FUTURE SERIOUSLY
Peak Wealth Planning provides conflict free investment management. We are fee only, which means we charge for the research we do for you, the assets we protect and grow, and the advice we provide. We are not compensated for selling you a specific mutual fund, stock, or other investment product.
Peak Wealth Planning, LLC is a Registered Investment Adviser (RIA). As an RIA, we have a responsibility to act in your best financial interest. Before we recommend a specific investment, we take the time to understand your financial situation and goals. Through a confidential planning process, we work with you to create a financial plan and an Investment Policy Statement (IPS) that guides our recommendations and actions. Our minimum annual fee is $4,800.
We find that many clients enjoy doing a project with Peak Wealth Planning before hiring us for investment management. It gives us a chance to get to know what is important to you and your family. We charge an hourly rate of $300 for financial planning services. The typical financial plan is $2,400 to $4,800 depending on complexity. We estimate the number of hours to create your plan and outline our services in a written proposal. At the end of a financial planning engagement you will receive a two page summary of actions you can execute to meet your wealth goals. Or, Peak Wealth Planning can execute those actions on your behalf.
Peak Wealth Planning, LLC charges a 1% annual portfolio management fee based on the value of your investments up to $7.5 million. For your investments over $7.5 million, we charge a 0.75% annual portfolio management fee. We may recommend that you use a sub-adviser as part of your asset management. The sub-adviser fee is separate and distinct from Peak Wealth’s fee to prevent conflict of interest. The total combined fee will not exceed 2.00% per year of the assets under management. Fees may be deducted at the end of each quarter from your account or billed directly to you.
We do not collect fees on the mutual funds, Exchange Traded Funds (ETFs), or other securities we recommend for portfolios. Our firm may receive research materials from brokers, custodians, mutual funds or other investment companies. Underlying mutual funds or exchange traded funds (ETFs) do charge a fee. Peak Wealth Planning, LLC will strive to choose investments that have lower fees yet still meet your unique investment needs.
CUSTODIAN FOR YOUR INVESTMENTS
Your investments are placed with a custodian for safekeeping. You can, at any time, independently verify the value of securities with the custodian using their website to view your portfolio. Peak Wealth Planning, LLC utilizes Charles Schwab, TD Ameritrade Institutional or MTG, LLC (doing business as Betterment Securities) for custody. These firms are independent SEC registered broker-dealers and members of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
ETHICS AND STANDARDS
The founder of Peak Wealth is a CFA Charterholder and Peak Wealth adheres to the CFA Institute Code of Ethics and Standards of Professional Conduct.
FOR OTHER DISCLOSURES AND PRIVACY INFO SEE OUR DISCLOSURES & LEGAL INFO PAGE.