Answer
We work with people from all walks of life. Most of the people we serve have built portfolios of at least $1 million (excluding current 401(k)s if under age 59.5, real estate, and 529 plans) and are ready to delegate. We ask to manage all assets that are available for direct management so we can deliver advice that’s fully integrated across your financial life.
All advisory relationships are subject to a $10,000 minimum annual fee. If your fees under our standard asset-based schedule fall below that amount, the minimum will be applied. This structure is designed for standard advisory relationships where assets are limited but planning needs fall within our typical scope.
If your situation involves more complexity, such as business ownership, multiple entities, or advanced planning needs, and asset-based billing isn’t available, we may instead recommend working together under a flat-fee planning arrangement that reflects the scope of work involved. In those cases, a separate agreement would outline the services and cost.
If we’re not the right fit, we’ll do our best to answer your questions and connect you with someone who might be.
Answer
We’re an independent registered investment advisor. This means we’re not beholden to specific products or strategies and can recommend what’s truly the best fit for your situation. It also means we’re a fiduciary financial advisor and are legally obligated to put your best interests first (it’s just what we’d do anyways). While we’re headquartered in Southern California, we primarily work with people remotely throughout the United States to maximize their retirement planning.
We’ll meet multiple times to kick off and hold at least two review meetings each year. You’ll get weekly educational emails, videos, and podcasts in between. Meet our team here.
Answer
We charge a fee that’s a percentage of the value of the investments we manage, which is debited directly from the account:
—1% on the first $1,000,000 we manage
—0.75% between $1,000,000 and $5,000,000
—0.50% between $5,000,000 and $10,000,000
—0.40% between $10,000,000 and $25,000,000
—0.30% between $25,000,000 and $50,000,000
—0.25% between $50,000,000 and $100,000,000
—0.20% on amounts above $100,000,000
We don’t get paid through any type of commission, kickback, or other undisclosed revenue sources. There’s no additional charge for the tax and estate planning advice we provide.
Answer
Our mission is to help you get the most out of life with your money. To do that means we want to take as much of the planning off your plate as possible. We help clients with:
—Retirement planning
—Investment management
—Tax planning
—Estate planning
—Insurance review
—Cash flow planning
And everything else needed to ensure you feel calm (and excited) about your financial future.
Answer
Yes.
Your CPA is excellent for accounting for what happened last year. Often, they don’t work on limiting your tax liability in the future.
At Root, we help you look at the big picture and offer strategies to optimize your spending and saving for tax efficiencies. You (or your CPA) will still be responsible for filing your return.
