Our Transparent Fee Structure
At C&D, we understand the issues fees raise. Hence, we offer a simple and transparent, competitive tiered advisory fee based on your portfolio’s size. It is designed to be easy to understand and we believe it puts your interests first. You will incur trading fees directly billed by the third-party custodian housing your portfolio. But our goal is to work to keep these brokerage charges as low as possible, since our revenue is based on your portfolio’s size.
We believe our advisory fees are often lower than other firms’. Why? Many asset managers can charge commissions on products they sell in addition to management fees. Some charges, like annuity commissions, can be upwards of 10%! This creates huge conflicts of interests. Often, better and more affordable products exist, but commissioned financial professionals are incentivized to sell products providing higher returns for them.
Mutually Aligned Interests
Some firms base their fees on performance, claiming it encourages mutually successful investing. But performance-based fees may mean the manager chases short-term returns to maximize fee collections—and shuns proper risk management in the process. Others determine their fees by asset class, presuming bond management should be cheaper. Yet this can incentivize a manager to maintain more equity allocation, which may not be appropriate. Both scenarios ignore your personal financial situation and long-term goals.
When comparing portfolio management services, remember advisory fees misaligned with your interests can jeopardize your retirement goals. That’s why at Fisher Investments we believe a straightforward investment strategy with transparent fees based on the size of your assets is the best way to help clients.
In consideration of the investment advice to be furnished by C&D Wealth Advisors, the advisory fees computed on the market value of the assets in the account at the end of each preceding quarter will be calculated as follows:
1% up to $1,000,000 (million)
9/10 of 1% on the next $1,000,000 (million)
8/10 of 1% on the next $1,000,000 (million)
7/10 of 1% on the next $1,000,000 (million)
Negotiable thereafter and under special circumstances
5/10 of 1% Mutual funds
5/10 of 1% Total Fixed Income Portfolios
Fees are paid on a quarterly basis, in advance. C&D Wealth Advisors is not compensated on the basis of a share of capital gains or capital appreciation of the funds on any portion of the funds of our client.