Stephen F. Hill and Associates offers investment management services to individuals. They help clients determine their financial goals, manage cash flow, plan for retirement and education, and review insurance and estate plans. Stephen F. Hill and Associates does not sell commissioned products, but the Managing Member is an independent insurance agent.
Fee Structure
Stephen F. Hill and Associates manages investments for clients, charging a percentage of the amount invested. The annual fee is broken down into two parts: a fee paid to Morningstar Investment Services and a fee paid to Stephen F. Hill and Associates. The total annual fee depends on the type of investment and the amount invested.
Here's a breakdown of the fees:
- Mutual Fund Products:
- First $500K: 1.50% total (0.40% to Morningstar, 1.10% to Stephen F. Hill and Associates)
- Next $500K: 1.40% total (0.35% to Morningstar, 1.05% to Stephen F. Hill and Associates)
- Next $1MM: 1.30% total (0.30% to Morningstar, 1.00% to Stephen F. Hill and Associates)
- Over $2MM: 1.10% total (0.20% to Morningstar, 0.90% to Stephen F. Hill and Associates)
- Enhanced Cash:
- First $500K: 1.30% total (0.20% to Morningstar, 1.10% to Stephen F. Hill and Associates)
- Next $500K: 1.25% total (0.20% to Morningstar, 1.05% to Stephen F. Hill and Associates)
- Next $1MM: 1.20% total (0.20% to Morningstar, 1.00% to Stephen F. Hill and Associates)
- Over $2MM: 1.10% total (0.20% to Morningstar, 0.90% to Stephen F. Hill and Associates)
- ETF Products:
- First $1MM: 1.40% total (0.30% to Morningstar, 1.10% to Stephen F. Hill and Associates)
- Next $4MM: 1.35% total (0.25% to Morningstar, 1.10% to Stephen F. Hill and Associates)
- Thereafter: 1.30% total (0.20% to Morningstar, 1.10% to Stephen F. Hill and Associates)
- Select Stock Baskets:
- First $1MM: 1.65% total (0.55% to Morningstar, 1.10% to Stephen F. Hill and Associates)
- Next $4MM: 1.60% total (0.50% to Morningstar, 1.10% to Stephen F. Hill and Associates)
- Thereafter: 1.55% total (0.45% to Morningstar, 1.10% to Stephen F. Hill and Associates)
The annual fee may be negotiable, and accounts within the same household may be combined for a reduced fee. Fees are billed quarterly.