Financial Advisory Fees

MLFA charges an initial financial planning fee that varies with the amount and complexity of the work required in connection with the preparation of a client's initial financial plan. Ongoing financial planning and investment advisory services are covered by a comprehensive fee based on the investment assets we monitor. This structure aligns our incentives with those of our clients:  we are paid to grow assets based upon our clients' goals and objectives, not to produce transactions that generate fees or commissions.

Because of the high minimums generally required for separately managed accounts and alternative investments, clients with a smaller level of investment assets are normally better served with a portfolio of mutual funds. Clients with more substantial investment assets are typically invested in a combination of separately managed accounts with third-party investment managers, alternative investments, and mutual funds. Clients are charged a graduated fee based on the size of the portfolio we supervise. Our approach allows clients to benefit directly from our negotiated rates with the various service providers, providing our clients with lower rates than they could achieve individually. Details regarding our fee schedule are available upon request and are described in our Form ADV, Part II.