Common questions
Straight answers, in plain English. If yours is not here, call 888-888-6001.
What is a flat fee?
One annual fee for investment management: $10,000 a year, billed $2,500 a quarter, agreed in writing up front. It does not rise just because your portfolio grows. The terms are set out in your advisory agreement and our Form ADV Part 2A.
Is the flat fee available outside Florida?
Not at this time. The flat-fee program is offered only through our Florida office in Summerfield. Other WealthKare offices use an asset-based fee. If you live outside Florida, the free guides at InsideYourRetirement.com are open to everyone.
Is a flat fee always cheaper than a percentage fee?
No. At a 1% fee, a flat $10,000 costs less only once your managed savings are above about $1 million. Below that, a percentage fee is usually cheaper, and it depends on what you need. A flat fee is not right for everyone, and if a percentage fee would serve you better, I will tell you so and show you why in dollars. The calculator on our home page shows the comparison for your own figures.
What does the flat fee cover?
Investment management only. Your review covers what is included, and anything that is not, before you sign anything.
What happens at the Honest Fee and Tax Review?
We sit down, in person or by phone, and look at three things in dollars: what you paid for advice last year, how much income tax is already owed inside your accounts, and what a cost-focused plan could keep in your family. There is no cost and no obligation.
What should I bring?
Your latest account statements and your most recent tax return. If you are married, I encourage both spouses to come. Bring the kids if you like; the tax bill is theirs too.
Who holds my money?
Client assets are held by an independent, qualified custodian, not by WealthKare or by me. Details are in our Form ADV Part 2A, which you receive before any agreement.
Is this tax or legal advice?
No. We plan with taxes in mind, but nothing on this site or in our review is tax or legal advice. That is what your CPA and attorney are for, and we are glad to work alongside them.
Do you sell insurance?
I am also a licensed insurance professional and may receive commissions on insurance products. That compensation is separate from the flat fee, and I will always tell you when it applies.
How do I get the book?
Everyone who comes in for a review receives a signed copy of Retain Your Wealth™, whether or not you ever become a client. You can read The Flat Fee Revolution™ free at InsideYourRetirement.com.