Our Philosophy on Fees
Logic Wealth Management is a Registered Investment Advisory (RIA) firm based in California. We seek to align our interests with that of our clients by not accepting commissions from outside sources. This alleviates conflicts of interest because the success of the firm hinges not on the products sold, but on the satisfaction and growth of the client and their wealth.
Portfolio Management Fees are based on a percentage of assets under management and are withdrawn from client accounts on a quarterly basis. This is the most common fee structure and is modeled for clients who mainly use our portfolio management services. Most portfolio management fees are 1.00% or less with a minimum fee annually. The minimum annual fee and portfolio management fee is negotiable depending on many factors including, but not limited to, asset allocation and size of account. Logic Wealth Management will generally advise on a discretionary basis and will have authority to act on a client’s behalf for any purpose including trading in the client’s accounts, provided that the client authorized such activity. However, should the client choose, Logic Wealth Management will advise on a non-discretionary basis and will not have authority to act on a client’s behalf for any purpose including trading in the client’s accounts.
Financial Planning Fees are based on the complexity of a client’s finances as well as the number and length of reviews per year. A typical retainer model usually involves 1 – 3 meetings per year lasting 1-4 hours each with additional follow-up correspondence. This fee arrangement is suitable for the client that wants an ongoing relationship with Logic Wealth Management, but would prefer to manage their only investment portfolio directly. For clients that choose the Financial Planning fee option, Logic Wealth Management will advise on a non-discretionary basis and will not have authority to act on a client’s behalf for any purpose including trading in the client’s accounts.
Hourly Fees are based on a hourly rate of $250, but may be negotiable in some circumstances. This fee structure is for project-oriented work such as company retirement plan evaluations or cost basis retrieval for inherited securities. An estimate will be provided with the assumed number of hours needed to complete the project.