Our fees are transparent and easy to understand. We bill quarterly in arrears based on the previous quarter's account value, which is normally adjusted for flows between asset classes so that clients only pay for the days of service they receive. Investment advisory fees are tax-deductible in some cases.
For discretionary investment management services or non-discretionary investment advisory services for individuals and organizations, our highest fee is 1.00% per year for equities, exchange-traded funds (ETFs), mutual funds, which applies to accounts below $500,000. For accounts above $500,000 and below $1,000,000, the fee is 0.80% per year from dollar one, and for accounts above $1,000,000, the fee is 0.60% per year from dollar one. In each of these cases, individual laddered bonds, certificates of deposit (CD) held to maturity and §529 Plans are billed at 0.50% per year, while cash and money market balances are excluded from the calculation and not billed (0.00%).
General Excise Tax (GET) is added at the rate of 4.167% for the State of Hawaii (excluding Oahu); 4.715% for Oahu, and 0.000% for the rest of the United States, and for any foreign countries.
For investment management and investment advisory clients, our minimum investment asset amount is $250,000. We normally waive our minimum for family members or employees of existing clients, and sometimes based on the future earning potential of clients, or for other reasons.
Fees are negotiable and are subject to being changed with sixty (60) days' notice to clients.
We have a separate fee schedule for group qualified retirement plans with a different custodian / recordkeeper firm. This platform is normally appropriate for employer-sponsored 401(k) plans with many employees – not single- practitioner or small family profit-sharing or other retirement plans. Our highest investment management fee is 0.40% per year for plans with assets under management below $3,000,000, and the lowest fee is 0.10% per year for plans above $50,000,000. See our complete fee schedule listed in our Form ADV Part 2A Brochure.
We provide comprehensive financial planning services for $200.00 per hour for services provided by advisors, and $50.00 for additional services performed by supervised clerical staff. We will provide a quote for your personalized financial plan in advance.