Our cost of doing business + reasonable profit = what you pay. We offer a high value service for a flat dollar annual fee. This pricing model differentiates us and we strongly believe this puts the client in the best position to accelerate growing their wealth.
Our pricing is as follows:
Fundamental – $300-400/mo
Intermediate – $500-800/mo
Advanced I – $900-1,400/mo
Advanced II – $900-1,400/mo
Fast Start/Investment Advisory only – $150-700/mo
On-Demand/Project Based advice – $300/hr., minimum of 3 hours.
All fees subject to change bi-annually
We will work with you to determine the best value for your circumstances.
“Limited-Time” start-up pricing through 4/15/19 – New clients who sign up for combined planning and investment management will receive a 20% discount on the annual fee for the first two years.
The Open Wealth Network pricing model not only offers it’s flat dollar annual fee but also gives the freedom of choice back to the consumer with regard to paying for professional services. You can pay monthly or quarterly via direct debit (ACH), credit card, or debit to your investment account.
In our experience, many people don’t really know what they are paying for access to investments and advice so we thought we would share some of the industry’s billing practices to help you understand why we feel so strongly that ours is the best.
Current Industry pricing models:
Free – This does not exist, please don’t think it does. If anyone is giving away planning, they are making their money elsewhere, likely on the sale of a product. If it is given away it is not valued.
OWN offers financial planning and investment advisory services for one low flat dollar fee.
Low cost investment providers – Investment oriented, limited planning scope, biased toward proprietary products, impersonal call center approach.
OWN provides objective advice far beyond the investment oriented advice to which low cost providers are restricted.
Commissioned products – Potential lack of ongoing advice and due diligence, expensive, riddled with conflicts of interest, ambiguous fees, lacks future revenue so good service in the future can be challenging for the consumer.
OWN removes this conflict by refusing to receive any commissions from product sales.
Percentage of assets under management – It’s clean and simple but does not accurately reflect the value the adviser does or does not bring to the table? Could be very expensive if quality advice and services are not provided beyond investment management. Rewards or penalizes adviser based on factors outside their control, e.g. the Markets. Advisers prefer this model because they recognize the psychological barrier of writing a check for advice and people just don’t do the math on how much it’s actually costing them. According to the 2017 Inside Information Financial Advisor Fee Survey, by Bob Veres, the majority of advisors are still charging 1%. For example, if we do the math, 1% x 1,000,000 = $10,000.
OWN charges a flat dollar fee NOT a flat or tiered percentage. A percentage fee will mean you are paying more or less, in dollar terms, when there may not be an incremental change in service.
Hourly billing – Hypothetically the purest form however it could lead to padding of time, client reluctance to reach out when in need, short-term in nature, allows the client to dictate what is done when they may not know what they don’t know.
OWN encourages our clients to call with questions, comments, concerns; the benefit of a flat dollar annual fee is that you are not billed extra for a conversation or question.