Determining the Right Price: A Wealth Management Cost Framework for Families

For families with substantial diversified portfolio investments, costs are an important consideration when devising an overall wealth management strategy. While there are a range of cost estimates drawn from real world examples, each family’s wealth management cost formula is different when analyzing it through a framework and analysis of four parts: the evaluation of costs; factors that can cause costs to fluctuate; key questions to ask when evaluating wealth management costs; and best practices. With these insights and tools, families can determine how to meet their unique service requirements and goals at a reasonable cost.