At Sherman Wealth Management, we are passionate believers that you should receive only the best, conflict-free advice we can give you. That’s why we are a fee-only, fiduciary RIA.
FEE-ONLY means that we are paid exclusively by our clients, so we are conflict-free. We do not get commissions from the investments or products we recommend. We do not get bonuses based on how many clients we get to invest in company products. We are paid a monthly fee by our clients, who retain us because we are making their money work for them, and them alone.
FIDUCIARY means that we have taken a pledge to always act in our clients’ best interests by only recommending the investments, products, and instruments that are the most advantageous for them. Non-fiduciaries are only required to make recommendations that are “suitable” for their clients.
We at Sherman Wealth Management are open and honest in all of our recommendations. Think of it this way: would you want to work with an accountant who also gets commissions from the IRS? Of course not. You want your accountant to represent YOUR best interests. A fee-only financial advisor ensures you get the best personalized service that fits your individual needs.
We Offer Two Kinds of Payment Structures:
For clients with complex planning needs or short term goals without investable assets, we can recommend a one-time financial planning fee.
Asset Management Fee
For clients with investable assets, we recommend all-inclusive management fee for financial planning based on what we’re managing. In these cases, here’s our fee schedule:
|Assets Under Management||Annual Rate|
|Up to $500,000||1.00%|
|$500,001 to $1,000,000||0.90%|
|$1,000,001 to $3,000,000||0.75%|
|$3,000,001 to $6,000,000||0.60%|
|$6,000,001 to $10,000,000||0.40%|
Registered Investment Advisors (RIA), such as Sherman Wealth Management, must follow and are held to the Fiduciary Standard. That means that an RIA must put their clients’ needs ahead of their own, and provide fully-disclosed, conflict-free advice. The RIA must also be completely transparent about fees, and continue to monitor clients’ investments, as well as their changing financial situation. We’ll make sure you know the entire cost of working with us before we begin.
Let Sherman Wealth Management better your life.
Are you interested in learning more about us and how we can assist you in transforming your financial well-being? Book a complimentary 30-minute discovery call and we’ll chat about your current financial scenario and where you would like to be in the future. We’ll also discuss the obstacles that we need to overcome to help you meet your goals.