How is Hill-Top Compensated?
The fees associated with how financial advisors are compensated can be complicated and confusing to understand. They might even have you believing you don’t pay them anything.
What are the Fees?
I’m sure you’ve heard this saying before:
"There is no such thing as a free lunch.”
With most advisors you will either pay a commission or a percentage of your investments.
These fees can seem hidden if you don’t know what you’re looking for or understand what that means.
At Hill-Top, we utilize a transparent third option:
Monthly Fee-for-Service.
The Hill-Top Fee Model:
At Hill-Top we utilize a monthly fee for our service model.
Subscription model, monthly retainer model, call it whatever you want, but it’s basically like a Netflix subscription for your personal finances.
With our fee model, you’ll know exactly what you’re paying for our services.
There are no hidden fees.
As a FEE-ONLY firm, we only get paid by our clients, so no kickbacks or commissions from third parties. That means MINIMIZED CONFLICTS OF INTEREST.
You are our only interest!
One Time Engagement
Three Meetings - Discover Meeting, Goals & Data Meeting, Presentation Meeting
Comprehensive Financial Plan
One Page Financial Plan w/ recommendations
Planning Option Pricing:
Our pricing is designed for greater access to independent financial advice for young professionals, in the starting out and accumulation phases of life.
Un-Guided
Starts at $500: Ranges from $500 and up
Determined before we sign agreement: You'll know the cost at the beginning, not the end.
Starter Plan: For DIY-er that's just getting started or is still pretty new, financially speaking.
Typically, 20's - early 30's
-
Recent College Grads
-
Beginning Young Professionals
Guided
Starts at $109 per month. Singles start at $109 per month. Couples start at $159 per month.
Determined before we sign agreement: You'll know the cost at the beginning, not the end.
Upfront $600 engagement fee
Guided Plus
Starts at $134 per month. Singles start at $134 per month. Couples start at $184 per month.
Determined before we sign agreement: You'll know the cost at the beginning, not the end.
Upfront $600 engagement fee
Includes Investment Management Services
Tune-up Plan: For DIY-er that's more established, but has done limited financial planning.
Typically, mid 30's - 40's
-
Mid Career Professionals
-
Young Families
Starting at:
$500*
Starting at:
$109/month*
Starting at:
$134/month*
*Pricing is based on complexity of your planning circumstance, as determined by advisor, prior to signing a planning agreement. Ongoing engagements require an up front fee of $600 to engage planning services.
We understand, some people want their advisor to manage their investments.
While we typically don't offer investment management as a stand alone service, we do offer it as a part of the Guided Plus planning option.
Investment Management Pricing
For Investment Management we utilize an Assets Under Management (or AUM) model.
Planning Fee + AUM = Total Fee
Account Value
Annual AUM Rate**
$0 and up
(Minimum $300 Annually)
0.50%
**AUM rates are on an annual basis.
How does this work?
(Example with our minimums)
Sample Month
Planning fee $109
+
AMU Fee $25 ($300 annual min. ÷ 12)
Total Fee $134