FAQs
What is a fiduciary?
We are a fee only fiduciary financial advisor. This means we are legally obligated to act in the best interest of our clients. The fiduciary standards of “duty of care” and “loyalty” prescribed by the SEC, mean that we must prioritize our clients' financial well-being above all else.
As a fee only advisor we do not receive any commissions on the trades you make. This sets us apart from many other financial advisors who are paid by insurance companies or brokerage services to sell you certain products. We work for you not the insurance companies and are thus able to recommend the best investments for your needs free of conflicts of interest arising from commission payments.
How often will we meet?
Accounts with $1,000,000+ receive quarterly reviews, accounts between $150,001 and $1,000,000 receive semi-annual reviews, and accounts of $150,000 or less receive annual reviews.
What are your fees?
We have two types of fees. 1. One time planning fees and 2. Ongoing portfolio management fees.
Financial Planning Services
Basic Retirement Plan: $750
Focused retirement analysis including income needs, savings strategy, and investment recommendations
Comprehensive Financial Plan: $1,000
Complete financial analysis covering investments, retirement, tax strategies, estate planning, insurance needs, and education funding
Annual Plan Update $450:
Yearly reassessment and adjustment of your plan
Hourly Consultation $300:
For specialized planning needs or specific financial questions
Basic Retirement Plan fee reduced to $450 for individuals with annual income below $100,000
Financial planning fees are credited towards the first year's portfolio management fees for clients who choose to implement their plan with Coats Wealth Management
Portfolio Advisory Fees
Our advisory fees follow a hybrid structure with fixed fees for smaller portfolios and percentage-based fees for larger portfolios. A minimum of $50,000 in assets is required for ongoing management services.
Asset Level Fees
$150,000 or less: $300 quarterly (flat fee covering all assets)
$150,001 - $250,000: $600 quarterly (flat fee covering all assets)
$250,001 - $500,000: $900 quarterly (flat fee covering all assets)
$500,001 - $750,000: $1,500 quarterly (flat fee covering all assets)
$750,001 - $1,000,000: $2,000 quarterly(flat fee covering all assets) then
$1,000,001 - $2,000,0000: 0.75% annually (on assets in this tier) then
$2,000,001 - $5,000,0000: 0.65% annually (on assets in this tier) then
$5,000,001 - $10,000,0000: 0.50% annually (on assets in this tier) then
$10,000,001+: 0.35% annually (on assets in this tier)