Financial Planning Fee

Financial planning is the foundation of my work and is ongoing throughout the year.

  • The flat fee for a single-person household starts at $4,000 in the first year and $3,000 for subsequent years.

  • The flat fee for a couple's household starts at $5,000 in the first year and $4,000 for subsequent years.

More complex situations that require more time may require higher fees, which you would review and approve in advance.

Asset Management Fee

In addition to financial planning, most of my clients opt to outsource investment management. I design their asset allocation, then deploy and manage it to achieve their after-tax objectives. I do this on an ongoing basis and rebalance regularly. To minimize taxes and/or reduce risk, I may use direct indexing, long/short strategies, variable-prepaid forwards, protective puts, zero-premium collars, exchange funds, or similar strategies.

Prospero Wealth charges a blended annual 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

My goal is to charge a fair, competitive price for the work I do, so once I’m managing over $750,000 of a client's assets, I phase out billing for subsequent years of financial planning services.

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) are billed quarterly in arrears. AUM fees are annualized and based on average daily balance.