Q – How do you get paid?
A – For those seeking comprehensive wealth management and meeting our minimum asset requirement, the fee for planning may be incorporated within future fee-only investment advisory services. Our fee for investment management is a flat 1% of the assets under our care.
Q – What is your minimum investment?
A- Our minimum investment for comprehensive wealth management services is currently $500,000.
Q – Why do you have a minimum?
A – On average we have calculated that each client we service costs our firm approximately $2,500 – $5,000 per year in man-hours, infrastructure, technology, reporting and ancillary fees. As business owners, it is important for us to have, at minimum, a break-even relationship and if possible, profitability.
Q – What if we don’t have the minimum?
A – We’re happy to explore other options including our Wealth Development Program. Whether you’re a fit for Joule or not, we will at minimum help you get started in the right direction even if that means working with a different firm.
One of the best ways to learn more about Joule Financial is to join our free e-mail list. Periodically we will send out an e-mail newsletter for you to learn more about what we’re thinking or doing for client portfolios. We will never sell your information nor solicit you through this e-mail. It is for informational purposes only.