One of the first and most important questions people want to ask us is: “How much do you charge?”
We charge only one rate against all of a client’s assets under our management, and that rate is based on a percentage of the total assets under management. The fee is billed in advance, quarterly, and deducted automatically.
We offer our asset management services through a “wrap fee” program: this means that everything you’re paying for advisory services, asset management, and transaction costs are “wrapped” into that single rate.
While this page focuses on the offering that most of our clients utilize, we do offer other advisory services. This page will only address our asset management program. You can visit our official filings for more information on other services.
DISCOUNT LEVELS
Your rate is dependent on the total assets under management, and we offer our clients volume discounts:
| Assets Under Management | Annual Fees |
|---|---|
| $0 – $250,000 | 1.50% |
| $250,001 – $1,000,000 | 1.25% |
| $1,000,001 – $2,000,000 | 1.10% |
| $2,000,001 – $4,000,000 | 1.00% |
| $4,000,001 – $8,000,000 | 0.90% |
| $8,000,001 and above | 0.80% |
(This is not a “blended” annual fee schedule in which each tier of assets is charged a different rate under the fee schedule creating the effect of a blended fee rate used at the time of billing. Under our fee schedule described above, only one rate is charged against all of the client’s assets under management in this program.)
You’ll notice that should your bucket grow, the fee drops. Our belief is that if you’re better off, we will be too. Our fee schedule tries to reflect that partnership.
As with everything we do here at Leibman Financial Services, we take the long view: another key element of our fee structure is our longevity discounts. We want to reward the commitment it takes to become an effective investor, so we include fee reductions at certain milestones. We offer clients a longevity discount of a 0.05% reduction in the fee at the end of 5 years, 15 years, and 30 years of consecutive client tenure.
This is what it’s all about. Growing the buckets.
For the long haul. As a team.
We’re trying to put our money where our mouth is—which is to say, we’re trying to put our policies where our values are.
FAQs
- How much money do I have to start with? There is no minimum account size for our asset management program.
- Do I have to have you run all my accounts? There is no obligation to have “all” or even any specific portion of your investment wealth under our care—we believe we will end up managing whatever portion of your business we deserve.
- How does your fee compare to others? We believe our annual fee is reasonable in relation to (i) the services provided and (ii) the fees charged by other investment advisers offering similar services/programs. However, please be aware that our annual investment advisory fee may be higher than that charged by other investment advisers offering similar services/programs. In addition to our compensation, you may also incur charges imposed at the mutual fund level (e.g., advisory fees and other fund expenses). Visit our full disclosure [link] or reach out [link] for more detail.
- Do I have to contact you when I reach a discount level? No: client participation in the longevity discount program is evaluated and management fees are adjusted on an annual basis, and accounts are monitored regularly for volume breakpoints.
- Would you consider adding more longevity discounts as the firm gets older? As we grow and change, who knows? If we ever add more milestones to our longevity discount program, we are obligated to update our disclosures accordingly. Could be fun! After all, we’re in it for the long haul.
- Do you offer any other discounts? We do at times offer friend/family/employee discounts at our discretion.
FOR MORE INFORMATION
Visit our full disclosure documentation at the official SEC website or reach out with your questions at any time.
