How We Charge
We feel it is critical for our clients to understand what they are paying for and how they are paying for it. Our goal is to be as transparent as possible when discussing compensation for our advice.
Hatfield & Hatfield is generally compensated for services in one of three ways: asset management fees, commissions, and hourly fees. By separating these fees, our goal is to make it clear that compensation for planning does not depend upon the client’s decision to engage Hatfield & Hatfield to provide any additional services.
Asset Management Fee
Widely used throughout the securities industry, an asset management fee is often the preferred method of payment for clients in that it is based on the assets managed, not on commissions or transactions. An annual fee of between 1 percent and 1.9 percent of assets is charged and deducted directly from the account on a quarterly basis.
Depending on the needs of the client or for clients that don’t qualify for an asset management account, we are able to charge commissions on certain products that we offer as registered representatives of Commonwealth Financial Network®. Such products include stocks, bonds, mutual funds, annuities, life insurance, and certificates of deposit. The commission is charged at the time of the transaction.
We also work with clients to create comprehensive estate and financial plans. It is from this plan that we form the long-term strategies to help them accomplish their financial and life goals. For consulting work and in-depth strategy preparation, an hourly fee of $200 is charged.
Because each client is unique, we are able to put together an appropriate fee structure to help meet individual needs.
When the markets turn as volatile and confusing as they have over the past year, even the most patient investors may come to question the wisdom of the investment plan they’ve been following.
At Hatfield & Hatfield, we’ve seen a lot of difficult markets come and go. And we can certainly empathize with people who find the current environment troublesome and disturbing. We’d like to help.