What do my services cost? Great question.
Magnum Financial provides a flexible 'a-la-cart fee structure so that you can choose how to engage my services in a way that best meets your needs.
Study after study has shown that working with an advisor greatly improves investors success. Managing fees is important and useful when properly done. I like to think of the value a fee provides rather than focus on a number. I too believe in reducing fees and offer a sliding scale that reduces the fees as the your account balance grows. I custody with platforms that have reduced or eliminated trading cost while providing the technology important to my clients.
I offer a number of options for managing client assets and each has it's own fee structure. I don't earn commissions on trades, stock transactions or account fees. I charge a fee based on the amount of assets under my management. The annual fees ranges are from a high of 1.5% to a low of .2% depending on the investment strategy chosen and the value of the account.
For example, a client with $250,000 invested in one of my model portfolio strategies will incur annual fees of .94% or $2,350 per year. That same client with a balance of $500,000 would pay and annual fee of .87%.
My fee structure and additional information is available here. Form ADV Part 2.
Financial Planning when delivered independent of any other work is charged on a per project basis. The minimum fee is $750 with a maximum of $5,000 for more complex situations. Let's discuss your needs.
For those who want to be more 'hands on' I also offer online planning boot-camps where we create a plan together in a two day virtual classroom setting. Cost for this is $599 and includes a copy of my proprietary financial planning software.
You can take charge of your financial future and our boot-camps are designed to help.
Tax Planning & General Financial Cosulting
Sometimes all a person needs is a little direction. An answer to a specific question or someone to bounce ideas off. I'm happy to assist people on their own path and do so on a hourly basis.
My hourly fee is $250 and can be booked in 1/2 hour increments.
Topics can include but are not limited to:
The time is yours so book a call and be prepared to make the most of our time together .
Life, Health and Annuities
I am licensed to sell personal lines of insurance in the state of CA. License #0D44362.
Health Insurance for Individuals and Small Groups
I am compensated by the insurance companies on a commission basis. If the planning determines there is a need for any of the above, I will make recommendations but you are not obligated in any way to purchase the coverage through me.