ITEM 5: FEES AND COMPENSATION
General Investment Advisory Services for Individuals
In most situations, we do not charge a separate fee for our general investment advisory services for
individuals. We also do not impose a minimum dollar value of assets or other conditions for you to utilize
the general investment advisory services for individuals.
General Investment Advisory Services for Businesses
Fees for our general investment advisory services for businesses are typically flat-rate fees negotiated on
a case-by-case basis after an assessment of the complexities of the services to be rendered. We will
formalize our specific fees in our written advisory agreement with you.
Fee Schedule for Financial Planning Services
Current fees for Simplified Planning, Comprehensive Financial “Blueprint”, Custom Planning Services or
stand-alone Planning/Analysis Modules are stated in our Financial Goal Planning Agreement:
Level 1 – Simplified Financial Planning Service
• From $500 to $2,000 based upon the complexity of planning needed.
Level 2 – Financial Goal Planning Service
• From $2,000 to $4,000 based upon the complexity of planning needed.
Level 3 – Comprehensive ‘Financial Blueprint’ Service
• From $4,000 to $6,000 based upon the complexity of planning needed.
Customized ‘Financial Blueprint’ Service
• Negotiated on a case-by-case basis, based upon the complexity of services requested.
Stand-Alone Planning Services or Enhanced Analysis Modules
• From $500 to $1,000 for each module chosen (optionally provided on an hourly fee basis).
Select Portfolio Management, Inc. 4 Firm Brochure v.3-25
Initial Fee – Before any services are initiated, all terms and conditions relating to initial financial goal
planning services are outlined in the Financial Goal Planning Services Agreement. The agreement details
services requested, fees for such services, and any applicable travel expenses (e.g. plane flights, hotel, car
rental, etc.). An initial plan/analysis is considered to include the time required to gather, assemble, and
present a finished plan.
The software used is interactive in nature and clients will be required to enter (revise) data utilizing our
online planning system working with a Financial Planner. Please Note: Initial Planning Fees will not
include time spent on updates, revisions, or changes requested by the client or recommended by the
Advisor. (See “Ongoing Fees”)
Generally, Financial Goal Planning/Analysis fees are determined as a flat fee. A deposit of 50% of the
quoted flat fee is due and payable at the time the Financial Goal Planning Services Agreement is signed
and begins the process. At our discretion, fees may be quoted as an estimated aggregate hourly fee in the
Financial Goal Planning Services Agreements. In this instance, we will charge an upfront retainer fee,
which will be applied to future hours worked, equal to 50% of the total cost estimated to complete the
task. Any balance is due at the time your plan and/or analysis is presented/sent to you either online,
electronically, or physically.
Ongoing Fees – We recommend that plan updates be considered bi-annually. Interim financial plan
updates are available at your request should changes necessitate a plan update earlier. Plan revisions will
be based on the original plan and will consider any changes in your financial, tax and legal risk
management circumstances and needs that you are able to enter into our online software or otherwise
provide to us. Plan updates are generally quoted as an hourly fee based upon the time anticipated to review,
revise, and present your Financial Goal Plan, “Blueprint” or Analysis. The value and usefulness of our
firm’s financial planning services will be dependent upon the information that the Client provides and
their active participation in the formulation and implementation of financial planning objectives. The
Client will be required to complete an online questionnaire to assist us in formulating the Client’s financial
planning objectives. We may reasonably request certain of the following documents: insurance policies,
wills, tax returns, investment statements, social security statements, and other documents depending upon
the Client’s circumstances, to permit a complete financial evaluation. The software we use is interactive
in nature and you will be required to work with your Financial Planner to enter (update) your plan. If you
do not wish to enter your information online or prefer to complete a written questionnaire, an additional
hourly cost may apply for data entry. All terms and conditions relating to plan updates are outlined in the
Financial Goal Planning Services Agreement.
Portfolio Management Services
If you utilize one or more of the portfolio management services of our affiliate SMM, they will charge
you an annual fee based upon a percentage of the market value of your assets under management.
Generally, the range of fees is between 0.40% and 2.20%, but fees may be negotiable depending on the
assets under management, the complexity of your investment requirements, and the nature of your
individual circumstances. You may be able to receive services from other investment advisors either
Select Portfolio Management, Inc. 5 Firm Brochure v.3-25
separately or as part of a wrap fee program similar to the SMM Programs. These services or programs
may cost more or less than SMM’s.
A complete description of SMM’s services, Programs, and fees are contained in SMM’s Disclosure
Brochure – Form ADV Part 2A and its Wrap Fee Program Disclosure Brochures – Form ADV Part 2A
Appendices. To request a copy of either of these Brochures, please contact your investment advisor
representative or our office at 949-975-7900.
Fee Negotiation
As discussed above, we may negotiate any of our fees, taking into consideration such variables as the size
...