There are several different ways Kuitu Financial Services, Inc. is compensated for the work we do for our clients. We feel it is important to disclose the investment costs you would incur and allows you some choice as to which compensation structure makes the most sense for your situation.
- Managed Accounts: Most of our clients work with us under this format because it provides the most flexibility. We are able to make unbiased investment recommendations by using a unique screening process to come up with investment selections without charging a commission. Instead, we charge an annual fee that is based on the amount of assets we manage on our clients’ behalf. Our current fee schedule ranges from 0.75% - 1.50%, depending on the amount of assets under management.
- Managed Accounts plus Fee for Advice: The fee that we collect for the above managed account option is for managing those particular accounts. The services provided for managing those accounts include investment planning, tax planning and retirement planning. Additional topics such as insurance and estate planning reviews would be considered extra services and may warrant additional fees that would be addressed in advance.
- Commission: We have some clients for which it makes sense to use products that pays us a commission. Life Insurance and Annuities are a proper fit for some clients and do pay us a commission. There will be instances where an additional fee will be charged for advice that goes beyond this product level. All additional fees will be addressed in advance.
- Flat Fee or Hourly Rate: We also work with clients that want us to look at certain components of their financial portfolio independently. Some examples of these components include asset allocation analysis, insurance review and/or an estate planning review. This would constitute a flat or hourly fee for the advice. The amount charged is commensurate with the complexity and the amount of work to be performed. Our hourly rate is $250/hour.