Item 5 – Fees and Compensation
FINANCIAL PLANNING AND FINANCIAL CONSULTING SERVICES
Fees for financial planning are strictly for financial planning services. Therefore, you will pay fees
and/or commissions for additional products purchased such as securities or insurance.
Fees for financial planning and consulting services are charged on an hourly or a fixed-fee basis.
Fees are not deducted from client assets. We will bill you for our financial planning services.
Fees are negotiable. Hourly fees range between $150 and $250 per hour. Fixed fees are charged in
accordance with the fee schedule below.
SERVICE INITIAL FEE ANNUAL FEE
Financial Plan Needs & Based on Complexity Per request, the plan may be updated
Foundation $1,000 to $2,500 annually at no additional cost if you are an
investment client or hourly if not
Our fees are based on factors such as clerical assistance, database research costs, and the nature and
complexity of your circumstances. Fees will be outlined between you and your Advisory
Representative prior to the implementation of any service. Generally, half of the fee is payable upon
signing of the agreement. The balance is due upon receipt of our invoice and the delivery of the
services specified in the agreement. The client will not pay more than $500 6 or more months in
advance.
Termination Provisions
You may terminate your agreement, without penalty, within 5 business days after entering into the
advisory agreement with Chesapeake Financial Planning. Thereafter, you may terminate upon
Chesapeake Financial Planning’s receipt of your written notice to terminate via certified or
registered mail. You will be responsible for any time spent by Chesapeake Financial Planning and
your Advisory Representative in providing advisory services or analyzing your situation. A refund of
the unearned, prepaid fees will be provided to you provided the termination occurs prior to
presentation of the recommendations.
When you receive financial planning services you may also purchase securities or insurance
products offered through J.W. Cole pursuant to the plan or consultation. Our Advisory
Representatives will receive commissions as Registered Representatives of J.W. Cole or insurance
agents in connection with such transactions. Thus, there is a conflict of interest when providing
financial planning services to you, as there is an incentive for us to recommend specific courses of
action through our financial planning services that may lead to us receiving additional
compensation.
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Chesapeake Financial Planning
ESTATE PLANNING SERVICES
Basic Will Package Trust Package
Individual $999.00 Individual or Married $2,699.00
• Due Upfront $249 • Due Upfront $699
• Due upon delivery $750 • Due upon delivery $2,000
Married $1,498.00 Additional Service:
• Due Upfront $498 Real Estate Retitling, per property $199*
• Due upon delivery $1,000 *Online service
EDUCATIONAL SEMINARS
The seminars held by Chesapeake Financial Planning are generally offered to individuals, federal
employees, clubs, civic groups, or other interested parties. They are provided to companies or
targeted for selected employee groups. There is no charge to the participants.