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.
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 yourbest interests. Would you go to a doctor who makes money each time he prescribes penicillin? No, you want your doctor to prescribe what is right for you. 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 – like Sherman Wealth Management – must follow – and are held to – the Fiduciary Standard. That means that a RIA must put their client’s needs ahead of their own, provide fully-disclosed, conflict-free advice, be fully transparent about fees, and continue to monitor a client’s investments, as well as their changing financial situation. We'll make sure you know the entire cost of working with us before we start.
Bettering Your Life is What We Are About.
Interested in learning more about me and how I can assist you in transforming your financial scenario? Book a 30-minute introductory, discovery call and we'll discuss your current financial scenario vs. where you would like to be and the obstacles we need to overcome to get you there.