Kenora Financial Fees
Our fees include investment management AND financial planning
Kenora Financial Fee Schedule
Our fees are a percentage of the value of the investments we manage and are debited directly from your account. We offer price breaks as shown in the schedule below.
| Assets under Management |
Annual Fee | |
|---|---|---|
|
i
Retirement Accounts |
i
Brokerage Accounts |
|
| $50,000 to $100,000 | 1.00% | 2.00% |
| $100,000 to $500,000 | 0.80% | 1.50% |
| $500,000 to $2,000,000 | 0.60% | 1.25% |
| Above $2,000,000 | 0.40% | 1.00% |
Are your fees charged incrementally by price tiers?
We do not charge incrementally on tiers. If the assets we manage for you reach one of the above bands, your entire balance is charged at the percentage for that band. A brokerage account worth $500,000 is charged 1.5% – not 2% on the first $100,000 and 1.5% on the next $400,000.
If I have both a brokerage account and a retirement account, how are your fees calculated?
The sum of your combined balance is used to determine which band you fall in. Your portfolio will include any accounts managed for you, and your spouse if applicable. If your assets include a joint brokerage account with your spouse worth $100,000 and you each have an IRA worth $200,000, the combined total of $500,000 results in annual fees of 1.5% charged on the joint brokerage account and 0.8% charged on the 2 IRA accounts.
Is there a minimum to get started?
Our minimum initial investment requirement is $150,000. This amount doesn’t need to be held in any one account; it can be the total of several accounts managed by us. We are happy to meet with you to discuss your retirement plans during an initial complimentary consulting appointment.
How much will future planning or consulting cost?
We do not charge for ongoing retirement consultation. If you engage our sister company for tax preparation, you may be charged for those services, but you are under no obligation to use their services.
Do you earn commissions or kickback or other undisclosed fees?
Our compensation does not include any type of commission, kickback, soft dollars, or any other undisclosed fee.
Financial Planning, Investment Management, & Tax Preparation – all on one team
The best way to find out if we’re a good match for your financial planning needs?
Meet the team. See what you think. And don’t worry – there won’t be any pressure, or any pitches. We’re happy to answer whatever financial questions you have!