Why does Garnet Group charge a retainer fee?
Those who give financial advice professionally can be compensated by commissions, participation in wrap programs, a percentage of assets under management, hourly charges, or retainer fees. We believe our fee, a flat retainer set annually, provides for the most objective and unbiased relationship.

Our advice is not tied to the purchase of any product or implementation of any particular strategy.
We do not take commissions or referral fees, nor do we have any financial interest in your choosing any particular custodian or location for your money. The only compensation we receive for the advice we give is that received from our clients.

Our fee structure eliminates as many conflicts as possible.
As our fee is not tied to the use or composition of your net worth, you can be certain that our advice is as unbiased as possible. We can freely advise on whether to use debt or cash to buy property, for example, without it affecting our income.

Our fee puts an emphasis on total financial planning, rather than investments.
Some of our most valuable advice may pertain to your spending plan, insurance portfolio, or tax return. It does not make sense to equate the entire value of the service we provide to the size of your investment portfolio.

Our fee allows us to give high quality advice to those who may not have large amounts of investable assets.
A high-income earner with a complex financial situation may need comprehensive advice, even if his or her balance sheet has not yet caught up to its potential. Or a client’s net worth is tied up in real estate or a business. In such cases, they may not be a good fit for firms who have a minimum “assets under management” but can still benefit greatly from objective advice.

A flat fee promotes free exchange of information, early on in the process.
An hourly fee can discourage people from picking up the phone. We would rather have as much information about your situation as possible, with as much notice as possible of upcoming changes.

On-going relationships are more likely to result in the plan
being implemented.
We work with clients to make the enhancements we uncovered in the base plan. This can include working closely with other professionals, such as estate planning attorneys, accountants, and insurance agents, or opening and funding investment accounts. As things change, we will be there to update the plan as needed, or help you capitalize on new opportunities.

Standard Fee Schedule*

* A minimum fee may apply.

Garnet Group is a Registered Investment Advisor with the Securities and Exchange Commission.