Grossman Financial Management
Assets Under Management
$0
Number of Clients
Not reported
Number of Advisors
1
Average Client AUM
N/A
AUM per Advisor
$0
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Grossman Financial Management provides investment advice and financial plans through consultations. They monitor client situations monthly, review accounts quarterly, and meet annually. They manage assets on a non-discretionary basis and tailor services to individual needs, using other professionals as needed.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $250K | 1.10% |
| $250K - $500K | 1.93% |
| $500K - $750K | 2.03% |
| $750K - $1.0M | 2.09% |
| $1.0M - $1.5M | 2.03% |
| $1.5M - $2.0M | 1.90% |
| $2M+ | 1.63% |
The fee structure is based on a base fee plus a percentage of the amount over the account base.
Fee Estimator
For asset allocation services, fees are based on a tiered schedule (see table). For example, an $800,000 account would incur a quarterly fee of $1,673.75. Financial plans and investment advice through consultations are offered at a fixed fee or an hourly rate of $250. Out-of-pocket expenses are also charged, with 50% payable upfront and the balance upon presentation of the advice or plan. There are no dollar minimums or other requirements for accepting investment advisory accounts. Fees are not negotiable and are subject to change with 60 days' notice.
Areas of Practice
Location
CA, United States