Fees

Melotte Financial Advisors does not receive any commissions or remuneration from any third-party. I am compensated solely and directly by my clients. This mitigates conflicts of interests ensuring my interests are aligned with my clients’.

Advisory fees include all ongoing financial planning, reporting and meetings. Planning is done at the outset of our relationship and updated at least annually thereafter (or when there are significant changes in circumstances).

Fees are debited directly from the investment accounts monthly in arrears. Annual equivalents are listed below:

1.2% on the first $300,000
0.9% on the next $700,000
0.7% on the next $4,000,000
0.5% on the next $5,000,000
0.3% above $10,000,000

Minimums may apply.

Other underlying expenses

In addition to the advisory fee, ETFs and mutual funds used within the portfolios also have their own expenses. Most folks don’t have a good grasp of the expenses within their investments themselves, but it’s very important to manage those as well.

I’ve kept the underlying expenses of client portfolios extremely low. In fact, the weighted-average expense ratio of MFA assets under management is typically less than 0.10%.