There are typically three ways in which investment advisors are compensated: yearly management fees, product commissions, and/or a combination of the two. We believe that an advisor should be paid only on a fee-based schedule. A fee-based advisor is compensated for investment management, not for the use of a particular investment product or for the amount of activity (number of transactions) generated in the client’s account. The advisor’s monetary incentives should be that of preserving the client’s investment capital and enabling it to grow as effectively and cost-efficiently as possible. This is the objective that is in greatest harmony with your goals as an investor.
Kiely Wealth Advisory Group employs the following fee-based schedule:
|KFS FEE SCHEDULE|
|Portfolio Assets||Annual Fees|
|$1 million||–||$2 million||0.80%|
|$2 million||–||$5 million||0.70%|
|$5 million||–||$10 million||0.50%|
|Over $10 million||Negotiable|
Other Fee’s Include:
Investor Education: Since we are an education-based company, many of our clients request special seminars for family members, friends, civic groups or businesses. Kiely Wealth Advisory Group may charge an hourly fee up to $150 for these seminars.
Investment Advisory and Portfolio Management: Our fees are based on a percentage of the total market value of assets under management and are charged quarterly, in-arrears. This means no charges are levied until the client has the opportunity to assess the success of our services. Only after our services are deemed to be satisfactory, we are paid. These services include, but are not limited to: quarterly reports of the portfolio holdings; the performance of each investment as compared to industry-standard benchmarks; a quarterly newsletter containing updated information about market conditions and market outlook, fund recommendations and any pertinent information related to Kiely Wealth Advisory Group. We believe our clients deserve prompt, courteous service, easy-to-understand reports and straightforward answers to questions concerning their financial futures. We always encourage questions, comments and suggestions from our clients.
Individual and Corporate Retirement Planning Seminars: See Investment Advisory and Portfolio Management Fees described above. In addition, we may charge an hourly rate up to $150 for retirement planning services other than investment advice or portfolio management.
Consulting and Referral Services: An annual retainer fee or an hourly fee up to $150 may be appropriate depending on the client’s needs. This can be negotiated prior to services being provided. Such fees are based upon the complexity of the client’s financial circumstances, the amount of assets under management and the services to be provided. Non-clients who wish to schedule a consultation for portfolio review will be charged fees at an hourly rate based upon the complexity of their financial circumstances.
Corporate HeadquartersP.O. Box 756
Oak Ridge, NC 27310
Mountain Branch4 Highland Place
Asheville, NC 28804
Greenville Branch901 Forest Hill Circle
Greenville, NC 27858
Coastal Branch1207 Earnley Cove
Leland, NC 28451
New York Branch8305 Decoy Run
Manlius, NY 13104