There are typically
three ways in which investment advisors are compensated; fees,
commissions, or a combination of the two. We believe that an advisor
should be paid only on a fee-based schedule. A fee-based advisor
is compensated for investment management, not for the use of a
particular investment product or for the amount of activity (number
of transactions) generated in the client’s account. The
advisor’s monetary incentives should be that of preserving
the client's investment capital and enabling it to grow as effectively
and cost-efficiently as possible. This is the objective that is
in greatest harmony with your goals as an investor.
Kiely Financial Services,
Inc. employs the following fee-based schedule:
- Education
— Since we are an education-based company, many of our
clients request special seminars for family members, friends,
civic groups or businesses. Kiely Financial Services may charge
an hourly fee up to $150 for these seminars.
- Investment
Advisory and Portfolio Management — Fees are
based on a percentage of the total market value of assets under
management and are charged quarterly, in-arrears. This means
no charges are levied until the client has the opportunity to
assess the success of our services. Only after our services
are deemed to be satisfactory, we are paid.
These services include, but are not limited to: quarterly reports
of the portfolio holdings; the performance of each investment
as compared to industry-standard benchmarks; a quarterly newsletter
containing updated information about market conditions and market
outlook, fund recommendations and any pertinent information
related to Kiely Financial Services, Inc. We believe our clients
deserve prompt, courteous service, easy-to-understand reports
and straightforward answers to questions concerning their financial
futures. We encourage both questions and suggestions from clients.
- Individual
and Corporate Retirement Planning — See Investment
Advisory and Portfolio Management Fees described above. In addition,
we may charge an hourly rate up to $150 for retirement planning
services other than investment advice or portfolio management.
- Consulting
and Referral Services — An annual retainer fee
or an hourly fee up to $150 may be appropriate depending on
the client’s needs. This can be negotiated prior to services
being provided. Such fees are based upon the complexity of the
client’s financial circumstances, the amount of assets
under management and the services to be provided. Non-clients
who wish to schedule a consultation for portfolio review will
be charged fees at an hourly rate based upon the complexity
of their financial circumstances.
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