NorthRock Partners is a wealth management firm that provides financial planning, consulting, and investment portfolio management services. NorthRock works with clients to understand their financial situations and develop strategies for managing their assets. They offer a range of services, including cash flow and budgeting, tax planning, retirement planning, and estate planning. NorthRock manages investment portfolios on a discretionary or non-discretionary basis.
Fee Structure
NorthRock Partners manages investment portfolios for clients, charging a fee based on a percentage of the assets they manage. This fee generally ranges from 0.50% to 1.25% per year, depending on the size and complexity of the client relationship. For assets held at Charles Schwab or Fidelity and managed directly by NorthRock, an additional 0.25% is charged to cover brokerage and transaction fees, bringing the total fee to 0.75% - 1.50% annually. Some clients are billed in arrears, with fees ranging from 0.45% to 0.90% based on the amount of assets managed.
