Sublime

I charge a one-time onboarding fee of $1,500 which covers the first 2 months of service. I then charge an annual retainer (billed monthly or quarterly). The annual retainer is $2,400 for a single person and $3,600 for a married couple. My fees for investment management are 0.75% on the first $1M and 0.5% afterward.

In a matter of hours, Merrill Lynch, with a history of nearly one hundred years as one of the most storied names on Wall Street, would be sold to Bank of America for the biggest premium in the history of banking mergers. It was, as one newspaper later put it, as if Wal-Mart were buying Tiffany’s.

Finally, if you look at the wealth management business, you’ll find just about everyone chasing the same demographic segment: the high-net-worth individual. Not Edward Jones, one of the consistently most successful U.S. brokerage firms. For thirty years, it has focused on customers defined not by how much money they have, but on their attitude towa