Comprehensive Planning Service
TriPrescient's Comprehensive Planning Service is comprised of two services - our Financial Planning Service and our Investment Management Service. TriPrescient's Financial Planning Service includes development of a comprehensive financial plan, plan implementation support, and as-needed financial advice for clients, charged as a subscription service. TriPrescient's Investment Management Service is an optional add-on subscription service to the Financial Planning Service for clients with investable assets wanting integrated fee-only investment management of their assets.
Financial Planning Service | Investment Management ServicE |
- Initial creation of comprehensive financial plan
- Implementation of comprehensive financial plan
- Semiannual reviews and adjustments of financial plan
- Creation of updated plan every 3 years or as life events warrant
- Online access to financial plan, client dashboard, and client portal
- Access to financial planner via phone, email, or online meeting for any financial related questions
- Collaboration as needed with other financial professionals
| - Investment management integrated with comprehensive financial plan
- Portfolio management through Betterment for Advisors*
- Investment advice on managed and held-away assets
- Annual rebalancing of held-away assets
- Ongoing management and rebalancing of managed assets (AUM)**
- Financial planner ensuring focus on long-term goals
- Consolidated online access to both managed and held-away investments
* Additional portfolio management fee paid from Betterment managed accounts not included ** Managed assets above $500,000 incur a fee charged as a tiered percentage of AUM |
Comprehensive Planning Service Fees
The Comprehensive Planning Service fee is based on one of three levels of complexity of the client's financial situation at the time of engagement. The fee has up to three components – an initial plan creation fee, a fixed monthly subscription fee, and a fee charged as a tiered percentage of assets under management (AUM) above $500,000.
The initial plan creation fee is discounted when enrolling in the Comprehensive Planning Service. 50% of the initial plan creation fee is due upon signing the Financial Planning Agreement, with the balance due upon plan delivery to the client.
The monthly subscription fee includes a Financial Planning Service fee and an optional Investment Management Service fee for clients wishing to utilize our investment management services. The subscription fee is a fixed monthly fee beginning after plan creation and delivery, and it is guaranteed not to increase for three years. Fees are adjusted every three years based on any changes in the client’s financial situation and the fee schedule in place at that time.
Clients may terminate the agreement without penalty for a full refund of TriPrescient's fees within five business days of signing the Financial Planning Agreement. Thereafter, clients may terminate the Financial Planning Agreement and subscription service with written notice without penalty at any time, and fees will be prorated to the date of cancellation. TriPrescient’s Comprehensive Planning Service fee schedule is outlined below.
| Complexity Level |
---|
Service | Level 1 | Level 2 | Level 3 |
Initial Plan Creation – Plan Only (one-time fee) | $3,500.00 | $4,200.00 | $4,800.00 |
Initial Plan Creation – with subscription service1 (one-time fee) | $2,800.00 | $3,360.00 | $3,840.00 |
Financial Planning Service (subscription service monthly fee)
| $200.00 | $250.00 | $300.00 |
Investment Management Service2 (subscription service monthly fee)
| $125.00 | $150.00 | $175.00 |
Combined Financial Planning & Investment Management Services (subscription service monthly fee) | $325.00 | $400.00 | $475.00 |
1 Initial Plan creation discounted 20% with enrollment in the Comprehensive Planning Service for a minimum of three months.
2 Investment Management Service subscription is an optional add-on service to our Financial Planning Service. Subscription fee covers unlimited held-away assets and AUM up to $500,000. Managed assets above $500,000 incur a fee charged as a tiered percentage of AUM. Additional investment management fees will be incurred from our portfolio management partners.
To get an idea of what complexity level your personal financial situation might fall into, please see the sample situations for each complexity level.
Portfolio Management Fees
TriPrescient
TriPrescient receives a portfolio management fee based on the level of assets managed in the client account. The Investment Management Service subscription fee covers unlimited held-away assets and managed assets (AUM) up to $500,000.
TriPrescient’s portfolio management fees are based upon the following fee schedule (expressed as an annual percentage of net assets). TriPrescient's fee is prorated across the entire year and is charged at the end of each calendar quarter. Clients are charged a prorated fee for only the days their money is managed by TriPrescient.
Range Start | Range End | Percentage |
---|
$0 | $500,000 | 0.00% |
$500,000
| $2,000,000
| 0.55%
|
$2,000,000
| $5,000,000 | 0.35%
|
$5,000,000 | & Above | 0.20% |
Betterment
TriPrescient has partnered with Betterment for Advisors to provide portfolio management services for our clients. Betterment receives a fee based on the level of assets managed in the client account. Through our relationship with Betterment, this fee is discounted from the advertised fee offered to Betterment Retail Clients.
Betterment’s portfolio management fee is paid separately and in addition to the fee TriPrescient charges its clients for comprehensive financial planning and investment management services. TriPrescient does not receive a fee or any additional compensation for recommending any Betterment portfolio. Clients are NOT required to utilize Betterment’s portfolio management services as part of TriPrescient’s Comprehensive Planning Service.
Betterment's fee is considered a wrap fee and has a fee structure that includes portfolio management and brokerage services for one all-inclusive bundled fee with no additional account activity charges for execution of trades. Betterment’s portfolio management fees are based upon the following fee schedule (expressed as an annual percentage of net assets). Betterment's fee is prorated across the entire year and is charged at the end of each calendar quarter. Clients are charged a prorated fee for only the days their money is managed by Betterment.
Range Start | Range End | Percentage |
---|
$0 | $2,000,000 | 0.20% |
$2,000,000 | & Above | 0.15% |