Sample Client Savings - Business Sale Proceeds

Sample FLATFEECIO Fiduciary Review

Family with $8 million in Assets   36 Months Cumulative Savings =$199,500

Small Business owner of several fast food restaurants sold their 8 store portfolio for net proceeds of $8 Million a few years ago. Clients initiated a trust in addition to a joint investment account managed with the Trust Department of their large regional bank.

Asset Summary is as follows:

$5 million in a living trust and $3 million in a joint account managed in the proprietary stock and bond portfolio of the bank trust department.

 

EXTERNAL FEE

Trust Administration and Investment Fees of 1.75% per year on $5 million        = $87,500

(Dollar Amount of Fee Fluctuates and Grows Directly with Account Value)

Annual Advisory Fee of .75% on $3 million joint account                                     =$22,500

(Dollar Amount of Fee Fluctuates and Grows Directly with Account Value)

Total Annual Legacy Trust and Investment Fees         =$110,000

 

FLATFEECIO Efficient Wealth Plan Upgrade

EXTERNAL FEE

FLATFEECIO Fixed Dollar Investment Fee                    =$18,000

(Dollar Amount of Fee Does NOT Grow Directly with Account Value)

Independent National Third Party Trust Company Trust Admin.                           =$17,500

(Sample Admin Fee of.35% per year on $5 million)

(Dollar Amount of Fee Fluctuates and Grows Directly with Account Value)

INTERNAL FEE

Fund Expense of .10% on $8 million                                                                       =$8,000

(Dollar Amount of Fee Fluctuates and Grows Directly With Account Value)

FLATFEECIO Total Ongoing Trust & Investment Fees 

on $8,000,000 in Assets                                                    =$43,500

 

Savings Summary

Legacy Percent Trust & Investment Annual Fee              =$110,000

FLATFEECIO Trust & Investment Annual Fee                    =$43,500

FLATFEECIO ANNUAL SAVINGS                                         =$66,500

24 MONTHS CUMULATIVE SAVINGS               =$133,000

36 MONTHS CUMULATIVE SAVINGS                =$199,500

 

Hypothetical Client Fee Savings Illustration. Actual Savings Results May Vary. Percentage based advisor and product fees fluctuate which can increase or decrease potential annual and cumulative savings results.