HerbFulton Investment Advisory, LLC is a true NAPFA Fee–Only firm.
We feel that providing our services on a fee-only basis avoids potential conflicts of interest. HerbFulton Investment Advisory, LLC does not sell mutual funds, stocks, bonds, insurance, annuities, or any other commissioned product. Also, the firm is not affiliated with any product sales company. We are compensated only by client fees.
What services do you charge for ?
HerbFulton Investment Advisory, LLC (HFIA) charges different fees for its various services:
- Comprehensive Financial Planning
- Asset Management
- Hourly Financial Planning – HFIA does not charge asset management clients hourly fees for the following financial planning services.
Why do you have a minimum quarterly fees rather than a minimum account size?
Many fee-only firms require new asset management clients to have some minimum amount of investable assets because of the time and energy required to set up new accounts and invest the client's money. The problem with requiring a minimum account size is that we may screen out clients who are very close to meeting our minimums. Therefore, we feel that a minimum fee gives you the choice to hire us even if your assets are below our recommended minimum account size. Since our asset management fees are very low (relative to other financial advisors), you might consider paying our minimum fee, especially if your portfolio is close to our recommended minimum account size.
What is your relationship with the brokerage firms or custodians?
As a Registered Investment Advisor, HerbFulton Investment Advisory, LLC is an independent firm, which means that we do not work for any brokerage firm or custodian. We can choose to work with any brokerage firm that we want. Generally, we recommend that clients use a discount brokerage firm that provides access to many no-load mutual funds, excellent customer service, low transaction fees, and is financially sound. Since brokerage firms provide valuable support to financial advisors, we are also concerned with the quality and service of the custodian's advisor support team.
For a detailed explanation of all fees and services, please request a copy of our brochure by clicking and completing the info in the Contact Us tab.
