ESI Financial Advisors (EFA) provides financial planning and investment management services. Financial planning includes creating a written plan addressing agreed-upon topics. Asset management programs can be managed by third-party investment advisors or by EFA representatives and the client. EFA offers various asset management programs, including ESI Illuminations, American Funds Retirement Plan Solutions, AssetMark, Saratoga Advantage Trust, Schwab Retirement Advisor Services, and SEI Investments.
Fee Structure
ESI Financial Advisors offers investment management through various programs. Fees vary depending on the program chosen and can include platform fees, strategist fees, and service fees.
ESI Illuminations programs charge a platform fee between 0.26% and 0.45% annually, plus strategist fees (0.02%-1.00%) and EFA's service fee (0-2.00%).
American Funds and Schwab Retirement Advisor Services have tiered fees, up to 1.00% annually on the first $1M, decreasing to 0.35% on amounts over $10M.
AssetMark fees are negotiated with the advisor, not to exceed 1.5% annually.
SEI fees are also negotiated, not to exceed 1.75% annually, plus a 0.05% administrative fee.