Fees and Compensation — Form ADV Part 2A (4/2/2019)
[Brochure]
FEES AND COMPENSATION
The fee for preparation of a financial plan is negotiated between the client and the wealth advisor
and depends upon the complexity of the plan, the client’s net worth and the amount of time required
to formulate the plan. Complex plans will result in higher fees. Typically, a client with a large net worth
will have a more complex plan.
Hilliard Lyons wealth advisors may waive the fee entirely.
Any fee for preparation of the plan will be invoiced to the client after the client has been
presented with the plan. For Comprehensive Plans, the fees generally range between $500 and $3,000.
Fees may be higher depending on the complexity of the plan or the services requested. Fees for other
financial consulting services would be negotiated with the client.
Any fees, commissions, mark‐ups or other charges involved in the implementation of the financial
plan are in addition to the fee paid for the preparation of the plan.
Because Hilliard Lyons is a full service broker/dealer it may, with your authorization, effect
transactions for you in furtherance of your financial plan. In doing so, you may pay Hilliard Lyons
commissions or fees in addition to the fee you pay for preparing the plan. If you own or purchase mutual
funds, Hilliard Lyons may receive fees and commissions including 12b‐1 and revenue sharing fees. In
addition, Hilliard Lyons receives commissions from the sale of insurance. Your wealth advisor receives a
portion of these fees and commissions. Because your wealth advisor may receive commissions or fees
in connection with the implementation of the plan, the wealth advisor may have a financial incentive to
recommend certain products and services.
You may purchase the investment products recommended through brokers or other agents not
affiliated with Hilliard Lyons.
PERFORMANCE BASED FEES AND SIDE‐BY‐SIDE MANAGEMENT
Hilliard Lyons does not charge performance fees.
Account Minimums and Types of Clients — Form ADV Part 2A (4/2/2019)
[Brochure]
TYPES OF CLIENTS
Financial planning is available to individual clients at all wealth levels. Hilliard Lyons offers
other advisory services to a broad range of client types.
METHODS OF ANALYSIS, INVESTMENT STRATEGIES AND RISK OF LOSS
Upon obtaining all of the necessary information from the client, Hilliard Lyons uses financial
planning software in devising a plan for the client. The results in the plan are hypothetical and actual
results may vary significantly from projections. Plans use assumed rates of return and inflation, as well
as making assumptions regarding life expectancy. If you apply different assumptions, projections may
vary materially. If you wish to apply more (or less) conservative assumptions, Hilliard Lyons can model
different scenarios. No one can predict with any certainty how the market will perform over given time
periods.