Enter the total investable assets that you hope for us to manage into our calculator to receive an estimate of your annual and quarterly fees for wealth planning.
Annual Advisor Fee
Billed as a quarterly fee
Estimated Advisor Value
|Study Quantifying Advisor Value
|Quantified Advisor Value
|Estimated Value of a Planner After 1 year
|Estimated Value of a Planner After 3 years
|Estimated Value of a Planner After 10 years
|Envestnet Capital Sigma
|Russell Value of an Advisor
|Vanguard Advisor Alpha
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Progress Wealth Management’s Pricing
No-brainer prices. We want our fees to be easily understandable and to the point.
Investment Management + Financial Planning
The cost of hiring Progress Wealth Management to help you invest your savings and plan for the future.
- Our Investment Management Starts at 1% and has a max fee of 15k per year.
- This includes everything you could need to make reaching your financial goals simpler, easier, and more digestible.
- We’re strong proponents of the idea that investing should be boring, empirical, custom, and conservative so if you’re looking for someone who’s going to try and tell the future, you’re not at the right place (no one ever has done this well and no one ever will).
Financial Planning Only – No Investment Management
Our pricing for one-time plans ranges from $2000 – $6,000 based on the complexity of your circumstances and the amount of work we believe is required.
Our clients who only want to work with us for 1 month are charged $2000. This is reserved for simpler circumstances.
For year-long engagements, our fees range from $3000 – $6000 depending on the complexity and time required.
Estate Planning Only
Estate Planning gets complicated & many people have simple needs but want guidance & education throughout the process & don’t know where to turn. This is why we decided to offer estate planning as a standalone service.
We’ll build your estate plan for you & draft the documents using our leading software. We aren’t attorneys so we won’t be drafting the documents ourselves but, hand in hand, we’ll walk you through the process & make sure that your estate plan is put together mindfully and reflects your goals using our high-touch, simple process.
- $1200 for will-based estate plans
- $2000 for revocable trust-based estate plans
- $2500 for irrevocable trust-based estate plans
As part of this, you’ll also get:
- a durable power of attorney for health and financial purposes
- a living will
- a healthcare proxy
- help with implementation
- a comprehensive estate plan that shows what will happen to your assets following your death
Here’s an example of the report you’d get as part of this process:
Tax Preparation & Tax Planning
Your taxes get complicated, quickly. You may have gotten to the point where Turbotax just doesn’t cut it anymore because your financial life isn’t simple. If this sounds like you, you probably need expert help.
At Progress Wealth Management, we aim to help you improve the accuracy of your tax filing & to ensure that you have a strategy moving forward to optimize the filing of your taxes considering current tax law.
You’ll work with a CPA or an EA who’s employed by Progress Wealth Management to file your taxes. You’ll also get forward-looking tax advice on how to reduce your future tax bill as well.
- $500 for individuals with W-2 income and simple tax circumstances
- $500 – $2000 for complex 1040s (rental properties, schedule c income, etc)
- $1000 – $5000 for S-Corps
Common Questions About Our Pricing
“My friend doesn’t pay any fees for their advisor to help them manage their money. Why do you charge?”
Skilled financial advisors have dedicated oftentimes literally decades into their profession and not charging wouldn’t make sense. We have bills to pay, as well and our services are never free unless you’re in poverty and we volunteer to help you for free.
Your friend is absolutely paying fees but their financial advisor is unfortunately not a fiduciary (communicating how you’re paid is a requirement of being a fiduciary), so they’re likely not forthright about how they’re being compensated.
I’d recommend your friend ask specifically how much in fees they paid in the prior 12 months, total (including expenses ratios). It’s highly likely your friend is paying well over 1.5% with no maximum fee and were recommended likely underperforming mutual funds in addition to potentially overpriced insurance premiums and they just don’t know it.
Lastly, because all of our clients have annual items they need to work on, the fees you pay us aren’t just to manage your investments but work with you throughout the year. The fees you pay are ongoing because our work together is ongoing (your plan will change as your life changes). This typically means at least 20 hours per year of work from us (likely more)
If you’re charged a one-time commission, what incentive does your advisor have to continue working with you? You’ve already been sold. Their work is done unless they see an opportunity to sell you something new.
“What if I’m unhappy with your services? Can I get my money back?”
We can’t control markets so we don’t refund any losses due to the stock market underperforming your expectations.
If you’re unhappy for whatever reason with the financial planning and financial advice we’ve delivered, we’re happy to refund the fees you paid in the prior quarter as you terminate the relationship.
We guarantee your satisfaction with our services at every step of the way and seek to make your financial goals as easy to reach as we can make them.
“Do you charge your fees from my portfolio or from me directly?”
Investment management fees normally come from your portfolio, however, if you’d like to pay them out of your bank account, we can accommodate this.
The fee we charge for one-time financial plans is sent as an invoice to you. You can use a credit card, debit, bank account, and routing or a check.