Fee Only Fiduciaries
Rock House Financial is a fee-only financial advisory firm. We do not accept commissions or other payments from anyone other than our clients. Being fee-only is the best way we can align our incentives with yours and avoid as many conflicts of interest as possible.
As fiduciaries, we are legally and ethically obligated to always advise what is in your best interest, not our own or anyone else’s. Like with any financial planner, potential conflicts of interest will always exist, and we hold ourselves to a very high fiduciary standard to always evaluate what is in the client’s best interest and advise them to go in that direction.
Each of our advisors, Bob, Nicole, and Zachary, is a CFP® professional. They follow the CFP Board’s Code of Ethics and Standards of Conduct which, “requires CFP® professionals to uphold the principles of integrity, objectivity, competence, fairness, and confidentiality. They make a commitment to put their client’s interests first at all time when providing financial advice.”
The core of our business comes from two sources: annual fees based on the value of assets we take under management, and the fee we charge a client who wants us to draw up a comprehensive plan for them but does not want to move assets to our management.
Financial Planning Services
Financial Planning and Investment Advisory Fees – Combined
|Assets Under Management*||Annual Fee|
|$10 Million +||0.6%|
|$1- $2.5 Million||1.1%|
|$250,001- $1 Million||1.25%|
|*No minimum account size. $2,500 minimum fee for financial planning.|
For a client who is interested in a comprehensive, step-by-step financial plan to achieve their goals, but is either intending to manage their money on their own or with another advisor, we charge a one-time fee based on the following scale:
|Net Worth of Client||One-Time Fee, Per Comprehensive Review|
|0-$5,000,000||0.50% of Net Worth (minimum fee of $2,500)|
|$5,000,001 - $15,000,000||0.40% of Net Worth|
|$15,000,000+||Reach Out for a Custom Quote*|
For friends and family of our existing clients, we do offer a complementary Second Opinion Service, which is not nearly as involved as a full plan, but can be a great way to catch major issues as long as there is an existing plan to evaluate.
For clients who are bringing assets under our management, you receive your comprehensive plan for no charge beyond the AUM fees described below.
Frequently Asked Questions about Fees
Do I need to sign a long-term contract to work with Rock House Financial?
Yes and no. We have a contract, but its main purpose is to give you a tool to hold us accountable; you can cancel your agreement at any time—with no cancellation fees, ever—by simply providing us with a 30-day notice. Although Rock House Financial does not charge a cancellation fee, account closing fees may be charged by the custodian of your investment account(s).
How difficult is it to switch from my current broker or financial advisor to Rock House Financial?
It’s not a difficult process, but there can be tax consequences if not handled correctly. If you’re interested in switching, please talk to us first. We can help manage the process so you can avoid any headaches or negative consequences. We can also help make the process less awkward for you. (There’s no charge for this service, of course.)
*It has been our experience that a certain level of wealth, net worth alone is not a reliable predictor of the time and expertise required to complete a comprehensive, long-term, financial plan.