All of our engagements begin with a free initial consultation. At this meeting, we get to know one another, discuss your goals and circumstances, the services we provide and whether or not our help is appropriate for you.
If our services seem a good match for your goals and situation, we discuss with you our standard retainer agreement.
A discussion of a financial advisory practice would not be complete without a disclosure of compensation. The fee structure at McClarren Financial Advisors, Inc. is designed to reduce conflicts of interest between our clients and ourselves. We charge an annual retainer fee for our services based on our clients' income, net worth and complexity. There are never any additional fees charged by our firm. Our clients know, up front, how much our services cost them and exactly what services they receive. By not charging commissions, we eliminate the conflict of interest of profiting financially from our recommendations. In addition, our clients know that our loyalty is to them and not to a brokerage firm.
Our annual retainer fees are as varied as the range of our clients' financial situations, because each client situation is different, actual fees must be calculated on a per case basis.
The cost of a Standard Retainer ranges from $3,500 to $26,000.
The cost of a Young Professionals Retainer ranges from $3,000 to $3,500.
Both levels of service may not be offered to every client. MFA must use its discretion to determine whether the service level adequately matches the circumstances and goals of the client.