Citrine Capital is a fee-only wealth management firm. Unlike the majority of financial advisors, we do not accept commissions or fees from any investment institutions or insurance companies, and we do not charge a fee for assets under management. Instead we base our fees on Net Worth (the sum of all assets minus liabilities)¹ because there is a direct correlation between net worth and financial complexity. Below is a breakdown of our net worth based fee schedule.
A majority of fee-only financial planners base their fees on assets under management (A.U.M.). We believe this is an outdated pricing model that creates far too many direct conflicts of interest between the advisor and the client. Furthermore, we believe the A.U.M. pricing model leads to excessive fees for high net worth clients. You can use our calculators below to compare our fees to the average A.U.M. fees charged by advisors.²
1. Private company equity is excluded from our net worth calculation
The Value of Advice
Our goal is to make sure that all of our clients live the best life possible given the amount of money they have. We accomplish this by providing organization, accountability, objectivity, proactivity, education, and partnership. It’s very difficult to quantify the value of these services, but below is a summary of three studies that attempted to do so. All three found the potential economic impact gained from working with a high quality financial planner to be significant.