How does Canterburys fee structure differ from other financial advisory firms?
Financial planning firms typically charge a flat fee or a fee based on the client’s net worth. This fee covers the cost of a written report plus some counseling. Since financial planners and investment management consultants rarely act as portfolio managers, they also charge a quarterly or annual fee for allocating your funds among different mutual funds or investment managers, who also charge fees of their own. In other words, you end up paying at least three layers of fees. At Canterbury, the only fee we charge is based on the total assets we manage. Because our entire compensation comes from our quarterly management fee, we have no conflicts of interests and only the client’s long-term objectives in mind. There aren’t multiple layers of fees. Increasing the size of the client’s portfolio through excellent customized investment management is the key to both the client’s and Canterbury’s success.
