Damon Wykrent, a Certified Financial Planner, provides personalized investment advice through financial plans, investment management, and asset allocation. Financial plans can be comprehensive or modular, covering areas like personal planning, cash flow, business planning, estate planning, and tax planning. Clients can also receive ongoing financial planning services or consultations. Investment management includes continuous advice and portfolio management, offered on a discretionary or non-discretionary basis. Asset allocation services provide investment planning advice for accounts held at qualified custodians.
Fee Structure
Damon Wykrent offers investment management services where fees are based on a percentage of the value of your portfolio. The percentage charged decreases as the value of your portfolio increases. The specific fee is negotiable based on the size and complexity of your account.
Here's a general breakdown:
- Up to $500,000: 0.50% - 1.25% per year
- $500,001 - $1,000,000: 0.40% - 1.00% per year
- $1,000,001 - $3,000,000: 0.30% - 0.80% per year
- Over $3,000,001: 0.25% - 0.50% per year
There is a $2,000 minimum annual fee for investment management services, but this may be waived.