Evergreen Retirement Planning
We believe that Evergreen's flat-fee model offers a much more fair approach compared to most of the industry. We have to ask: “Is 1% of assets a fair way to charge clients for financial planning?” Thanks to technology, the investment management of a client with a $500,000 portfolio costs about the same amount of time and energy as managing a $5,000,000 portfolio.
Both clients likely require a similar amount of meetings together. Both clients likely spend their time with us focusing on similar things such as withdrawal strategies, social security planning, taxes, or supporting their children. If they are receiving such similar advisory, why should they pay drastically different fees?
Although individuals with more money do tend to have increasingly complex needs and require a bit more work to plan, we wonder if that discrepancy warrants charging the larger account tens of thousands of dollars and the smaller account only a fraction of that. Why don’t attorneys or CPA’s charge clients based on how much money they have?
Advisors at this Office