Service Levels and Costs
We provide three levels of service to align with your needs.
Family CFO
Portfolio of $2,000,000 - $25,000,000
- Comprehensive financial planning strategy with periodically updated wealth forecast
- Investment portfolio design, tax-efficient management and online 24/7 access to performance reporting
- External account aggregation
- Estate planning review
- Insurance needs planning
- Income tax planning
- Charitable planning strategies
- Targeted plans for life events (retirement, education, etc.)
- Access to Private Alternative Investments
- Leader of family team of advisors
Family Office
Portfolio over $25,000,000
- All Family CFO Services
- Consolidated online reporting for all private and public investments regardless of the manager
- Assistance with estate planning, including wills, trusts, family foundations, family limited partnerships and other complex entities
- Access to direct private alternative investments via HB Wealth as well as due diligence for private investments offered to family
- Bill paying, budgeting, expense management, and reporting (for additional fee if desired by family)
- Family education seminars
- Investment, tax, and legal advisor coordination
Family Guide
Our Family Guide service is for clients with $1 million – $2 million in investable assets. For these clients we focus on relevant core financial planning and investment management services.
Not all services may be appropriate for each family situation.
Fees
Our fees typically start at 1.25% of assets under management, dropping to 1% for assets under management above $1 million, and continue to decrease as your wealth increases. Our minimum annual fee is typically $12,500. Family Office clients may work with HB Wealth on a flat fee basis (or a combination of a flat fee and lower % of assets under management) linked specifically to the desired level of complex services needed by the family.