Harpeth Wealth Partners Graduated Fee Schedule
The following is designed to be an overview of our fees. Our goal is full transparency for you regarding the fees and costs of a partnership with HWP. Our cost structure has been designed to be accessible to everyone. We have designed a graduated fee structure to allow you to enter a partnership where you are today and allow us to grow with you. Everyone can benefit from financial counsel, monitoring, and collaboration and we are proud to offer something for everyone! Below is our tier system and a few example cases that help everyone to understand how we are compensated for our partnership with our clients.
Tier 1: Monitoring & Education Program
The Getting Started Client
Elements Planning, Monitoring, and Education
This is an entry point for clients desiring to learn more about finances but also start to understand their personal relationship with money and mature into financially healthy stewards of their resources.
Cost: $600 per year.
* Payment options are $300 initially and $25 per month or a one-time fee of $600
* This is a LIMITED PLANNING ENGAGEMENT that offers monitoring and planning via our app, an educational program with monthly education calls, and one annual review per year. Planning outside of our scope of engagement is offered at $150 per billable hour.
Tier 1+ Monitoring & Education Program with Asset Management
The Getting Started Client That Wants to Open Accounts at HWP
This entry point will offer the same as what you see above with Harpeth Wealth managing assets from $0 to $80,000. This is great for someone looking for professional asset management in addition to planning, monitoring, and education.
Cost: $1500 per year.
* Payment is $300 initially and $100 per month or a one-time fee of $1500 per year.
* This is a LIMTIED PLANNING ENGAGEMENT that offers monitoring and planning via our app, an educational program with monthly education calls, and one annual review per year. Additionally, you will receive quarterly portfolio review calls or meetings. Planning outside of our scope of engagement is offered at $150 per billable hour. Elements Planning, Monitoring, and Education with asset management
Tier 2: Monitoring and Education Program with Asset Management
Elements Planning, Monitoring, and Education with asset management
This is for the client that is transferring assets into Harpeth Wealth with account values between $80,001 and $150,000. Included are Planning, Monitoring, Education, and Asset Management.
Cost: $2400 per year.
* Payment is $600 initially and $150 per month or a one-time fee of $2400 per year.
*This is an OPEN PLANNING ENGAGEMENT that is full-service planning. No additional billing hours will be charged at any time. Quarterly calls or meetings for planning updates and portfolio reviews are offered. Elements Planning, Monitoring, and Education with asset management.
Tier 3: Monitoring and Education Program with Asset Management
Elements Planning, Monitoring, and Education with asset management
This is for the client that is transferring assets into Harpeth Wealth with account values over $150,000. Included are Planning, Monitoring, Education, and Asset Management.
Cost: Based on AUM. No initial or monthly fees are charged.
$150,001 – $1,000,000 @ 1.5% annually
$1,000,000 – $1,500,000 @ 1% annually
$1,500,000 – $2,000,000 @ .9% annually
$2,000,000 – $2,500,000 @ .8% annually
$2,500,000 – $3,000,000 @ .7% annually
$3,000,000 – $3,500,000 @ .6% annually
$3,500,000 and greater @.5% annually
*This is an OPEN PLANNING ENGAGEMENT that is full-service planning. No additional billing hours will be charged at any time. Quarterly calls or meetings for planning updates and portfolio reviews are offered. Elements Planning, Monitoring, and Education with asset management.
***ALL TIERS ARE NEGOTIABLE AND CAN BE TAILORED TO MEET THE UNIQUE NEED AND GOALS OF THE CLIENT.
*** INITIAL FEEES ARE WAIVED FOR THOSE ‘GRADUATING’ INTO THE NEXT TIER.
Fee Schedule Example:
Example 1: A Client gets started in the tier 1 entry program and 7 months into the program decides to open an account. They will not need to pay a new entry fee. They will sign a new engagement to expand the scope of engagement to include asset management. The monthly fee will be adjusted from $25 dollars per month to $100 per month.
Example 2: A Client moves assets from an outside firm with a balance of $68,000. The client paid $300 initially and is paying $100 per month. Within a couple of months, with a recent contribution and some growth, the assets now total 81,000. The client will sign a new engagement letter to establish an open engagement (and replace the limited engagement letter). The client’s monthly fee will be adjusted from $100 to $150 per month but will not pay any additional ‘initial’ fee since they already paid the initial fee in the previous tier.
Example 3: A client moves in $1.5 Million dollars. The first $1 Million dollars is billed at 1.5 percent and the subsequent $500,000 is billed at 1 percent. As the account grows, the subsequent amounts will be adjusted automatically to the tiered rate.