The Strongside Fee Structure

As an independent, fee-only, fiduciary firm Strongside believes firmly in fee transparency. We will only charge for the value that we provide to you and your family. Our fee is derived from the assets we protect and grow, the planning we provide, and the fiduciary advice that we give to your household. We list our fees before our services because we want you to know exactly what to expect.

We are never compensated for advising you to purchase a particular mutual fund, ETF, stock, or any other investment product. We are also never be compensated for selling any particular insurance product, Strongside does not sell any products at all and believe it would be in the best interest for everyone if all advisors acted in this same capacity.

Strongside firmly believes that running our business in the most ethical manner possible will accelerate our growth for long-term success. We will always be invested in our clients success and financial independence.

Our Two Fee Models

Assets Under Management Fee

The Assets under management fee is a portfolio management fee that is charged by Strongside for the management of client assets. The service we provide for clients for this fee is full discretionary portfolio management. We invest our clients assets in the most efficient manner we see fit using evidenced based decision making to purchase various securities. The fee structure can be seen below.

Example: Ronald has a $300,000 portfolio managed by Strongside. Ronald is billed a quarterly fee of 0.20% (.80% broken down into a quarterly fee). Ronald’s fee each quarter on a $300,000 portfolio is $600 for yearly fee of $2,400. We would like you to note that we do not bill on assets held in qualified retirement plans (401k, 403b plans). We solely bill our clients on assets we hold in-house. All of our fees are fully negotiable.

Financial Planning Fee

New relationships often begin with a comprehensive financial planning fee. The flat fee ranges from $2,000 to $6,000 per household depending on the complexity of the plan. We will cover Cash Flow & Debt Management, Investment Management, Risk Management, Tax Planning & Integration, Employee Benefits, Education Planning, Estate Planning, Retirement Planning, Retirement Distribution Analysis, and last but not least Charitable Giving. Strongside’s planning goal is to provide you the peace of mind to allow you sleep like a lion knowing you have your own personal Warren Buffett in your family’s financial corner. Let’s boost that sleep quotient! All of our fees are fully negotiable.

Our Final Fee Model – Hourly Plan

Strongside also has the option to provide financial advice at an hourly rate of $300. This is used for advanced consultations and one-off ancillary projects. Some examples of hourly projects we have completed are estate planning consultations to organize your thoughts before heading to an estate attorney, Cash Flow and Budget review/implementation, 529 plan set-up, and insurance and risk consultations to make sure your family is protected. Often these one-off projects lead to long-term relationships with the families we educate. As always, our fees are negotiable.

The Services We Provide

Strongside will personalize a system to simplify your income and expenses, track your assets and liabilities and develop a disciplined debt repayment strategy for your household.

Strongside develops custom portfolio models through evidence based investing. We feature investment income & growth strategies as well as capital preservation strategies that are catered to your household.

Strongside will right-size your emergency fund and review if risk mitigation tools such as life, disability, health, long-term care, or homeowners insurance are an appropriate fit for your family. Strongside recognizes the extreme predatory nature of whole life insurance policies and works diligently to avoid incorporating them into financial plans.

Strongside will reveal forward-looking, tax-efficient opportunities that are within your financial ecosystem. Whether you are an employee or a business owner we will deploy necessary strategies to provide tax-efficient opportunities. Some of our favorites are Roth conversion strategies, tax lost harvesting, and taxable income control. We use a variety of investment vehicles to ensure tax efficient distributions and income control.

Strongside will help you understand the true benefits of your employment beyond compensation. We are able to review your benefits package in its entirety and assist in the selection of benefits. This includes qualified retirement plans, deferred compensation packages, and group insurance options.

Strongside will calculate and plan for education costs, college savings opportunities, 529 planning approaches, financial aid, and student loan repayment options. Whether it is for you, your child, your grandchild or a nice or nephew there is strategy that can be deployed.

Estate planning must be done intentionally in order to protect your family now and direct your assets later by reviewing account titling, beneficiary designations, last wills, trusts, guardians, and powers of attorney. Create a legacy plan that provides support for your family in the event of a catastrophe. Estate planning can get expensive fast, have us by your side before you lock yourself into a trust that must be amended yearly at a significant cost.

Strongside will develop a personalized strategic order of tax-efficient accumulation of assets and distribution of assets that achieve financial independence and create clarity before the age of 60. Understand the roles of government programs such as Social Security, Medicare, and Medicaid to protect your lifetime accumulation of assets.

Strongside will develop a plan to strategically distribute plan assets to mitigate unwanted tax burdens and ensure you retain as much of your retirement assets as possible throughout your lifetime.

If you are charitably inclined, Strongside can assist in tax-efficient gifting to loved ones as well as organizations. Did you know that RMDs can be satisfied through charitable gifts to organizations?

Still have questions?

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