Kurt Lalomia

Turning Point Financial offers investment management services either with financial planning or as a stand-alone service. If you don't get financial planning, you'll receive a basic investment plan. Turning Point manages investments with your permission to make trades without asking first. They use third-party tools to assess your risk profile and recommend a suitable portfolio. They also offer asset management services with customized model portfolios for an additional fee.

The annual fees for investment management depend on where your account is held:

• SEI Private Trust Company:

  • $0 - $500,000: 1.60%
  • $500,001 - $1,000,000: 1.25%
  • $1,000,001 - $3,000,000: 1.00%
  • $3,000,001 - $5,000,000: 0.85%
  • $5,000,001 - $10,000,000: 0.75%
  • $10,000,001 and up: 0.65%

• Charles Schwab: Same as SEI Private Trust Company

• American Funds:

  • $0 - $499,999: 1.60%
  • $500,000 - $999,999: 1.25%
  • $1,000,000 - $2,999,999: 1.00%
  • $3,000,000 - $4,999,999: 0.85%
  • $5,000,001+: 0.75%

These fees are guidelines and may be negotiable.