Fees and Client Examples

Fees

TorchLight Financial believes you should know exactly how much you pay your advisor. TorchLight is a flat-fee fiduciary advisory firm and charges one annual fee for comprehensive advisory services. The added value of a flat annual transparent fee:

No Commisions
No nickel-and-dime charges
You can connect with Laura throughout the year without any concern you'll be billed for extra time
Adding savings to your portfolio won't drastically change your annual fee, unlike the traditional 'assets under management' fee model

Client Examples

Please note: these are not actual clients and have been created for illustrative purposes only.

Bev and Jack

*A retired couple in their mid-70s living in a 55+ retirement community

*Total investment portfolio $1.6 Million (pre-tax assets and trusts)

*Take annual RMDs and use a portion for gifts (QCDs) each year

*Desire a personal relationship with a female financial planner as well as knowing they can connect anytime with someone who knows their personal situation and goals

*Enjoy reading, mediation, cooking, socializing and spending time in nature

Annual fee: $12,000 per year

Dana and Tracy

*Dana is 62 and retired last year. Tracy will retire this year at age 64.

*They have $2.3 million of assets (pre-tax, Roth and taxable) and two inherited IRAs from Dana’s parents.

*Both are interested in helping their children more as well as finding a smaller home in retirement.

*Tax planning is very important to them as well as finding health insurance before age 65.

*They love to spend time at the cabin and exploring nature.

Annual fee: $14,000 per year

Julie

*Julie loves to spend time with her grandchildren and visit her family cabin and cruise with friends

*Julie had a later-in-life divorce and values having a trusted advisor whom she can talk to anytime without feeling judged or “dumb” like some other advisors she worked with when she was married

*Julie’s total portfolio is near $900,000 and she owns her home and has no debt

*Julie retired after a 25 year career and was able to get long-term care insurance right before her 65^th birthday.

Annual fee: $8,000 per year

Mark & Molly

*Mark and Molly have saved over $1.5 Million for retirement and are only in their mid-50s.

*Seeking a guide to help navigate all the different considerations for retirement and financial goals was a primary reason for hiring TorchLight in 2016.

*The total portfolio monitored by TorchLight includes outside 401k plans, stock plans, 529 plans as well as IRAs and Roth IRAs.

*Mark and Molly have an extremely busy life with two of their children in colleges out of state, as well as both having full time executive level positions.

Annual fee: $10,000

Judy

*After retiring from her position at age 70, Judy now enjoys time with her dogs and travel.

*Judy worked diligently to save for retirement and hired TorchLight when her friend shared how easy it is to work with Laura and never feel demeaned or shamed.

*After determining how much monthly income was needed upon retirement, Judy gets a monthly “playcheck” from her portfolio as well as Social Security.

*Judy can email or check in with Laura anytime and enjoys the quarterly reports for her $750,000 portfolio.

Annual fee: $6,000

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