Our services include portfolio management with quarterly performance reporting, ongoing financial planning and access to your financial plan online in Money Guide Pro.  We charge a 1% of assets under management fee deducted on a pro rated basis quarterly (0.25%). The securities in your portfolio will charge for operating expenses.  A typical Next Step Wealth portfolio might incur underlying expenses of 0.35% (versus 1-1.5% for typical actively managed funds).  Finally, Schwab charges reasonable transaction fees to buy and sell securities.  Our portfolios are managed with very low turnover.  As such, transaction fees will not be a major component of your portfolio expenses.

 

We charge a $1000 one-time set up fee.

Clients must either have a minimum of $250,000 to invest with Next Step Wealth, or clients may pay an annual minimum fee of $2,500 (paid pro rated and quarterly). This option can make sense for individuals who are on a clear path to $250,000 in investable assets but who require financial guidance now.  Clients at this level have generally recently reached a new, higher level of income and are on a path of rapid savings and asset accumulation.