Yes, We Plan
Fee Only
Netvesco LLC (“Netvesco”) offers affordable fees to individuals, families, businesses, and institutions. As a financial fiduciary, legally we must work in the clients’ best interest. Therefore, we operate on a fee-only basis. Thus, we collect no commissions from the products we recommend. Instead, we work with investors to develop and implement plans that suit their best interest.
No Commissions
Netvesco is fee-for-service. We receive no commissions of any kind for our work.
No Sales
Netvesco sells no unnecessary products. We focus on providing financial services.
No Minimums
Netvesco requires no minimum account size. We believe everyone deserves professional financial advice.
Your Destiny. Your Choice.
How We Get Paid
Prior to our initial meeting, you must complete a Financial Planning Questionnaire. After our appointment, Netvesco will determine the fees for your proposed financial services. Before work begins, we will provide you with a written statement which clearly details our compensation. We have two transparent pay options:
Flat Fee
Netvesco’s financial planning division imposes a flat fee based on services rendered.
Percentage of AUM
Netvesco’s investment division charges a percentage of assets under management [AUM].
Financial Planning Fees
Netvesco charges a flat fee for its financial planning services. We establish fees based on services performed.
Basic Plan
- Balance Sheet
- Cash Flow
- Retirement Projection
- Investment Review
Standard Plan
- Basic Plan
- + Education Planning
- + Insurance Review
- + Basic Estate Planning
Advanced Plan
- Standard Plan
- + Advanced Estate Planning
- + Charitable Planning
- + Tax Planning
Hourly Rate
Netvesco can also work at the rate of $200 per hour. Before the assignment, we will amend the client agreement with a time estimate of the proposed services. Upon signing, we require a 50% deposit. Then, the final payment is due when work is complete. If the client terminates the agreement in writing prior to the completion of work, we may refund a portion of the prorated fees.
Investment Management Fees
Netvesco bases its investment fee on a percentage of assets under management [AUM]. This fee derives from the market value of the AUM on the last business day of the previous quarter.
Assets Under Management
On the first $400,000
1.0
On the next $400,000
0.8
On the next $400,000
0.6
$1,200,000 to $4,000,000
0.4
On all over $4,000,000
0.2
On the first $400,000
0.25
On the next $400,000
0.20
On the next $400,000
0.15
$1,200,000 to $4,000,000
0.10
On all over $4,000,000
0.05
Account Minimum
Netvesco requires no minimum account size. Still, we have a minimum quarterly fee of $800. Please note, this fee may be excessive for accounts with less than $200,000 assets under management. Nevertheless, we do prorate the fee for the initial quarter. In addition, we negotiate fees in special situations.
Billing
Unless otherwise directed, Netvesco deducts fees directly from client investment accounts. We bill quarterly in advance. However, we will pro-rate the fee for any quarter in which the client issues a written cancellation notice. In such event, we base the fee on the number of days remaining in the quarter.