Unlike many firms, RB WEALTH offers both a managed asset fee and an advice-only fee model.
For the many highly successful individuals and families we work with who have much of their wealth in their business, real estate, current employer retirement plans, stock options, or simply prefer to manage things on their own, we’ve got you covered. See details for Advice-Only services below.
ADVICE-ONLY FEES
Unlike many firms, our process is built around giving advice on many topics unrelated to the stock market. Let us give you a few examples of real-life clients we work with who pay us a flat fee(s) for advice. We do not manage their assets. These are not their real names.
Our Advice-Only plans start at $4,800 or $400/mo. Plan cost increases based on complexity and net worth.
Jeff the Surgeon: Jeff is a 49-year-old surgeon who makes over $800,000 per year. Jeff plans to retire at age 55. He has $2,500,000 in his current employer’s retirement plan and $2,000,000+ in real estate assets. Jeff has four children. Jeff has questions about
- Roth Conversions
- Tax Planning
- Retirement income planning,
- Estate planning for his kids and first grandchild,
- Real estate refinancing and lines of credit
- Old Life Insurance Policy Analysis
- Cash flow management.
- Ongoing Market insights.
Jeff pays us a monthly fee for ongoing advice and plans to continue up until retirement. At retirement, Jeff may choose to have us manage his accounts and end his advice-only fee or continue as is.
Michael and Nancy Established Business Owners: Michael and Nancy are both 59yrs old. Michael owns a technology company. Nancy is an interior designer. Michael and Nancy’s net worth is $20,000,000. 90% of their wealth is in their business and real estate. Michael and Nancy need help with
- Developing a plan to sell and exit Michael’s business.
- Tax planning for today and during retirement.
- Estate planning, income during retirement,
- Analyzing old whole life insurance policies
- 529 plans for grandkids and more.
Michael and Nancy paid us a single fee for a post-business sale strategy and then continued with a monthly fee for ongoing advice on all of these topics.
Tim and Sara 30s High Performers: Tim and Sara are both 34yrs old with a combined household income over $400,000. Tim and Sara are ready to get serious about their investments and other financial goals for their future as they get ready to have their first child. Tim and Sara have not accumulated significant wealth, but are high earners and know they require a guide to get rolling on the right path. They need advice on
- Different Types of Investments and Savings Accounts
- Business and Tax Planning for Tim’s Chiropractor business
- Savings accounts for their first child
- Education about the markets and investing
- Estate Planning to protect themselves from unforeseen events
- Education about insurance -what they need and what they don’t.
- Tim and Sara pay us a monthly fee for ongoing advice as they begin to accumulate assets.
Sandy is 66 years old and retired: Sandy is single with no children and six nieces and nephews. Sandy has over $4,000,000 in the stock market, managed by an advisor at Merrill Lynch she has worked with for many years. Sandy’s net worth is approximately $6,000,000. This advisor does not provide advice beyond managing her accounts. Sandy pays us an ongoing fee for advice covering
- Quarterly second opinions and ideas about her Merrill accounts.
- Social Security Income Planning
- Estate planning for her nieces and nephews
- Education about the current world of finance.
- Ongoing Tax Planning and Education
- Cyber Security education and guidance
- Retirement Income Planning – Which accounts to use and when.
Managed Asset Fee: How it works.
There are no complex billing calculations. Here’s how it works.
Step 1. We total the dollars from all accounts you would like us to manage for you.
Step 2. The total dollar number tells us the fee you will be billed on all accounts.
Step 3. Multiply the total dollars by the fee percentage = the approximate annual fee.
*Approximate Fee is based on fluctuating market values.
How will you know which fee model is best for you?
Some clients come to us with a specific fee structure in mind: asset-based or Advice-Only. If you are unsure, no problem! Our team will let you know which will be the best fit. When appropriate, we will always provide both options for you to choose from.