Frequently Asked Questions
The answer to this question is different for everyone as everyone has unique goals. We provide answers by gaining a full understanding of your financial picture today, discussing the goals you’d like to achieve, and building a long-term financial plan that lets you know if you are on track. If we believe you are off track, we’ll make recommendations to help you get where you want to go. Learn more on our Financial Planning page here.
As a fee-only firm, the only compensation we receive is from the fees our clients pay us. The fees we receive are assets under management fees based on the investment account balances we are managing. Our annual fee is divided by four and billed quarterly in advance of the quarter ahead.
We are not compensated by third parties for selling products.
Depending on the amount of investable assets we are managing, the overall fee percentage is the corresponding value. For example, someone with a $4,000,000 portfolio would have an annual fee percentage of 0.95%.
| Market Value of Assets | Annual Rate |
|---|---|
| Up to $1,999,999 | 1.25% |
| $2,000,000 to $2,999,999 | 1.15% |
| $3,000,000 to $4,999,999 | .95% |
| $5,000,000 to $9,999,999 | .85% |
| $10,000,000 to $19,999,999 | .70% |
| $20,000,000 and over | .65% |
We partner with Charles Schwab and Fidelity to custody our clients’ assets.
We primarily invest in individual stocks and individual bonds. In circumstances we feel it is warranted, we may utilize Exchange Traded Funds (ETFs) as well.
We primarily work with individuals and couples with $1,000,000 or more of investable assets. If you have a question as to if your accounts would meet our minimum, please contact us and we would be happy to provide a free consultation to determine how we may be able to best serve you.
Yes. Losing a loved one is never easy and we are here to help you navigate this difficult time in your life, easing the burden of the unknown, guiding and empowering you.
We help those going through divorce, or recently divorced, plan out how different settlement options may affect your future, help you understand the tax implications of different assets received, and help you manage the assets toward achieving your long-term goals.
At Goodman Financial we take a team-based approach and have an internal Investment Committee who are dedicated to analyzing, researching, monitoring, and making informed decisions about when to buy and sell the underlying investments within your portfolio. Learn more about them here.
While we employ multiple CPAs, we are not a CPA firm and do not prepare tax returns.