Advisory Fees
Blue Water charges an initial financial planning fee that ranges from $2,500 - $3,500, depending upon complexity.
Advisory fees are based on the average daily balance of your portfolio. They are paid on a quarterly basis and in arrears, meaning the fee is paid after the service. The first quarter is prorated.
*Blue Water does not take custody of any of your assets. We use Charles Schwab as our independent custodian.
Our Services
Our wealth management service provides ongoing proactive support to ensure your investments, tax strategies, and financial goals are working together seamlessly. Enjoy peace of mind knowing your financial future is carefully managed year-round.
Personalized Financial Planning
Retirement planning, tax planning, insurance, etc.
Wealth
Reviews
Comprehensive updates of your overall financial plan.
Financial Planning Portal
Online access to your financial plan and ‘What If’ scenarios.
Coordination With Tax, Legal & Insurance Pros
Strategy design and plan implementation assistance.
Investment Management
Comprehensive portfolio monitoring and management.
Portfolio
Dashboard
Access your portfolio allocation, performance and more.
Our FAQs
Here are answers to some of the most common questions we receive about our services, fees, and process.
Can you provide an example of the advisory fees?
If your portfolio had an average daily balance of $3,000,000, the 1st $2M would be at 0.20% (1/4 of the annual 0.80%) and the next million would be at 0.15%. The quarterly fee in this case would be $5,500.
What types of clients would be a good fit to work with you?
We feel we provide great value for people who are:
- Nearing, or in retirement with an investment portfolio of $1,250,000+, or
- Higher income / higher savers with a portfolio of $1,000,000+
- Someone who wants a higher level of personalized attention and more competitive advisory fees than what is typically offered by advisors who charge 1% or more and use costly investment products.
What about 401(k) plans?
These are included in our management. We use account aggregation software to work with accounts not held at Schwab.
Are there any other fees I should know about?
There are no upfront or deferred sales charges. However, each fund charges an expense ratio, which is priced into performance. This is how the fund companies are paid. We try to keep these as low as possible. Most of our portfolios have an overall expense ratio under 0.20%.
For the most part, there are no transaction fees. A few mutual funds have transaction fees ($7 - $15), but these aren’t used too often. The custodian is paid this transaction fee.
If you require tax preparation or estate planning documents, we can refer you to trusted professionals, and those services would involve separate fees.
Do you ever just do a one-time financial review?
Due to the time-consuming nature of a full financial plan, we generally do not offer that as a stand-alone service. However, we may occasionally take on a smaller project like a portfolio review or insurance analysis. Our hourly rate is $350. We will provide a quote on time.
Ready To Take The First Step?
No pressure or commitments–just a quick call to see if we’re a good fit for your situation.
