Item 5: Fees and Compensation
Financial Planning Services Fees
The fees for most of the Financial Planning Services are fixed in advance, normally
charged 50% up front, with the remaining 50% charged upon completion of services.
Some additional services can be provided on a quarterly basis.
The KeatsConnelly fees for Client Services are retainer-based fees. There is no minimum
fee, though the determined fee may be adjusted upwards or downwards if complexities
of the client or family situation is significantly different than what was represented
when KeatsConnelly prepared a fee quote. Also, if services are required that are outside
of the scope of services described in the contract for Client Services, then either
the client’s fee shall be adjusted upward or downward, or a separate fee shall be charged,
for the additional service to be rendered.
The charges for Financial Planning Services are fixed cost services and vary based on:
▪ The time and effort required, ▪ The nature and longevity
the nature, number and of the professional
complexity of the issues relationship of
involved and services chosen KeatsConnelly with a client
by the client to address, and including the use of other
the skill required to perform advisory services
KeatsConnelly services
▪ Involvement of other ▪ Any extra expenses such
advisors relevant to any as travel, preparing,
legal, technical and/or organizing, or collecting
supporting documentation client data
▪ The value we add ▪ Time constraints or
assignments imposed
by the client or the
client’s other
▪ Inflation adjustments in future years
www.keatsconnelly.com
Selection of Other Advisers
We do not charge any fees for referrals to Independent RIAs. Since KeatsConnelly’s key
business focus is cross-border financial planning consulting, the primary but not exclusive
firm to which KeatsConnelly makes referrals is Cardinal Point Wealth Management, LLC,
which has offices both in Canada and the US, to assist clients in dealing with the
complexities of cross-border planning. Fees for such referrals are paid to us by the
Independent RIA, as a percentage of the management fees the Independent RIA receives
from the client. Your advisory fees are not increased in any way as a result of our firm’s
referral to the Independent RIA. We will typically receive up to 15% of the advisory
management fee you pay to the Independent RIA. The Independent RIA’s fee typically
ranges from 0.10% to 1.25% of assets under management annually. You should refer to the
Independent RIA’s Form ADV Part 2A and, if applicable, Part 2A Appendix 1 Wrap Fee
Program Brochure “disclosure documents”) for information regarding its fees, billing
practices, minimum required investments and termination of advisory agreements. We will
provide these disclosure documents to you at the time of making the referral to the
Independent RIA.
Educational Seminars
We do not charge a fee for our educational seminars.
Consultative (Hourly) Advice
KeatsConnelly generally does not provide hourly consultation services for non-
KeatsConnelly clients (clients who have not engaged KeatsConnelly or its affiliate
companies for services). However, if an hourly consultation is agreed to be provided, the
cost for a consultation is $450 per hour with a one-hour minimum charge.
Negotiability of Fees
In certain limited circumstances, KeatsConnelly fees may be negotiable.
Termination of Advisory Relationship
A client agreement may be terminated upon thirty (30) days written notice at any time,
for any reason, by either party giving notice to the other. KeatsConnelly will
immediately refund any prepaid or unearned fees within sixty (60) days of the date of
termination. The client will pay KeatsConnelly for any amount due for services
rendered until the date of termination. Notices are to be provided to each party at its
last known address. After six months, we will pro-rate the fee based on the date of
termination if the fee being billed is based on a quarterly retainer or fee-based type of
service.
www.keatsconnelly.com