Eley-Graham-Austgen Financial Advisory Services (EGAFAS) provides financial planning services to help clients organize their financial goals. EGAFAS creates a financial plan to help clients determine the best direction to employ their available financial resources. EGAFAS does not manage investments or broker-dealer accounts and has no assets under management. The firm provides reports for net worth, asset allocation, retirement analyses, disability income need, survivor needs, and education goals. The financial plan is normally prepared one time, with semi-annual reviews conducted from then on.
Fee Structure
Eley-Graham-Austgen encourages clients to retain them on an ongoing basis for semi-annual reviews. The fee for the semi-annual review is 20% of the initial financial planning fee, capped at $600 per year. For example, if your initial fee was $2,500, your first year’s annual fee will be $500 for the year. The fee will be invoiced in two installments. The annual fee for ongoing financial planning services is increased each year at an annual rate of 4%, but is capped at $600 annually. The 4% increase is based upon the initial retainer fee, not the value of your financial holdings.
- Initial Financial Plan:
- $1,500 to $2,500 for investment assets of $150,000 to $249,999
- $2,500 to $3,500 for investment assets of $250,000 to $499,999
- $3,500 to $4,500 for investment assets of $500,00 to $1,000,000
- $4,500 and upward for investment assets over $1,000,000
- Selective Financial Planning Services: Flat fee, generally $350 or under, for consultation and research, estate settlement, or special studies.
- Modified Financial Plan: Billed at an hourly rate of $280/hour for the financial advisor and $125/hour for administrative staff.