Kenora Financial specializes in helping people achieve financial independence. They offer financial planning, investment counseling, retirement planning, estate planning, tax planning, customized investment portfolios, and financial education. Kenora focuses on understanding each client's unique needs and goals to provide tailored advice and investment strategies. They primarily use individual stocks and avoid mutual funds and annuities due to their high fees and lack of customization.
Fee Structure
Kenora Financial's fee for managing your investments is a percentage of the value of your portfolio. The fee schedule varies depending on whether the account is a standard brokerage account or a retirement account (IRA). The fees are:
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Brokerage Accounts:
- $50,000 to $100,000: 2.00%
- $100,000 to $500,000: 1.50%
- $500,000 to $2,000,000: 1.25%
- Over $2,000,000: 1.00%
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IRA Accounts:
- $50,000 to $100,000: 1.00%
- $100,000 to $500,000: 0.80%
- $500,000 to $2,000,000: 0.60%
- Over $2,000,000: 0.40%
There is an initial set-up charge of $500 for brokerage accounts if closed within the first twelve months.