Financial Planning Fee

Financial planning is the foundation of my work and lasts all year.

  • The flat fee for a single-person household starts at $3,000 in the first year and $2,000 in each subsequent year.

  • The flat fee for a couple's household starts at $4,000 in the first year and $3,000 each year thereafter.

These rates may be higher if the situation complexity justifies it.

Asset Management Fee

In addition to financial planning, most of my clients opt to outsource investment management. I design the most appropriate asset allocation plan, then deploy and manage it to achieve your after-tax objectives. I do this on an ongoing basis, rebalancing regularly. In an effort to minimize taxes, I sometimes recommend tax-loss harvesting, direct indexing, long/short strategies, variable-prepaid forwards, or other tax-avoidance strategies.

Prospero Wealth charges a blended tier fee for managed assets:

  • 1.0% for assets < $1,000,000

  • 0.9% for assets > $1,000,000

  • 0.8% for assets > $2,000,000

  • 0.7% for assets > $3,000,000

  • 0.6% for assets > $4,000,000

  • 0.5% for assets > $5,000,000

Billing Schedule

Initial plans are billed 50% at initial publication and then 12.5% each quarter (in arrears) for one year of implementation and monitoring. All fees (Planning, AUM, and Project) billed quarterly in arrears. AUM fees are annualized and based on average daily balance.