Dorval & Chorne Financial Advisors provides financial planning and investment management services to individuals and businesses. The firm creates customized financial plans covering cash flow, debt management, risk management, employee benefits, retirement planning, tax strategies, education planning, estate planning, and divorce planning. Dorval & Chorne also manages investment portfolios based on client objectives, time horizon, and risk tolerance.
Fee Structure
Dorval & Chorne Financial Advisors manages investment portfolios for a fee based on the value of your investments. The fee is calculated as a percentage of your portfolio and decreases as your portfolio grows. The specific fee depends on the custodian where your account is held.
For accounts held at Schwab or Nationwide, the fees are:
- $1,000 - $150,000: 1.30% per year
- $150,000 - $300,000: 1.15% per year
- $300,000 - $500,000: 1.05% per year
- $500,000 - $1,000,000: 0.95% per year
- $1,000,000 - $2,500,000: 0.85% per year
- $2,500,000 - $5,000,000: 0.75% per year
- Above $5,000,000: 0.65% per year
For accounts held at Capital Group, the fees are:
- $0 - $249,999.99: 0.75% per year
- $250,000 - $499,999.99: 0.50% per year
- $500,000 – Above: 0.25% per year
There is a $1,000 minimum account value for accounts held at Schwab and a $25,000 minimum account value for accounts held at Nationwide.