Fees
Bormann Wealth Management is a fee-only fiduciary practice, and is never compensated by commissions or from pushing specific financial products.
Assets Under Management
| Portfolio Value Tier | Annual Fee Rate |
|---|---|
| First $250,000 | 1.00% |
| Next $750,000 ($250,001 to $1,000,000) | 0.50% |
| Next $1,000,000 ($1,000,001 to $2,000,000) | 0.25% |
| Any portion over $2,000,000 | 0.10% |
Fees are calculated using quarter-end portfolio values, prorated for the number of days in each quarter, and billed in arrears. The quarterly fee is deducted automatically from managed accounts.
All accounts belonging to members of the same household are combined for calculating fee tiers.
Example Annual Fee Rates
| Total Household Portfolio | Effective Blended Rate |
|---|---|
| $500,000 | 0.75% |
| $1,000,000 | 0.625% |
| $1,500,000 | 0.50% |
| $2,500,000 | 0.37% |
| $5,000,000 | 0.235% |
Consulting
Hourly consulting is available at $400 per hour, billed in 15-minute increments.
Background: More Information on Advisor Fees
Different models exist for serving clients with financial advice. Which is the best fit for you?