Prospective Clients

We work closely with our clients to gain valuable insights into their particular situations as well as their specific financial goals.

Our Planning Process has the rigor and comprehensiveness you would expect when trusting a firm with your financial well-being. Every client relationship and their individual planning needs are unique. In order to provide this level of customized service, we limit new client growth each year to no more than three families per advisor. By limiting new growth to the right clients, we honor the commitments already in place with our existing clients.

Berman McAleer provides comprehensive financial planning and wealth management services to high net worth individuals. In order to establish a Wealth Management relationship, you typically need to satisfy the following requirements:

• Be referred to us by an existing client or professional advisor already working with our firm; or

• Have an investment portfolio of at least $1,000,000; or

• Be an immediate family member of a client with portfolio over $5,000,000.

We offer streamlined advice and portfolio management for clients with less complex needs or smaller portfolios that meet one of the following criteria:

  • An immediate family member of a client with a portfolio over $2,000,000; or

• An investment portfolio of at least $500,000.

Financial Planning Fee

We engage each new client with an initial financial planning process dedicated to establishing a personalized plan based on a range of goals and objectives. Components of the planning may include retirement, education, estate, income and estate tax, cash flow, liability and risk management planning. Our financial planning fee ranges from $3,500 – $12,000 based on the time commitment involved.

Asset Management Fee Schedule*

Assets under ManagementAdvisory Fee Schedule
First $500,0001.20%
$500,000 – $2,500,0000.95%
$2,500,000 – $5,000,0000.75%
$5,000,000 – $10,000,0000.50%
$10,000,000 – $25,000,0000.25%
Over $25,000,0000.10%

Ongoing Financial Planning

Fees for ongoing financial planning are covered by our asset management fees for clients that meet our firm minimum.  Significant changes to the financial plan (e.g. business succession, divorce allocations, estate settlement) may result in separate billing on a project basis at our hourly rates ranging from $325-$475/hour.

*Asset management fees cover all investment and advisory fees paid to Berman McAleer on advisory accounts, and do not include custody, transaction or mutual fund/ETF internal expenses. Refer to the Kestra Financial Form ADV for additional information on compensation for non-fee-based accounts. Should Berman McAleer receive compensation from a third-party, the assets used for such investments would no longer be considered fee-based, but would still count towards aggregation of family assets for purposes of our discount tiers.