At Centura, we’re confident in the value our wealth advisors bring to the table, so we're always transparent when it comes to how much of an investment you'll be making in our services.
We also understand that every individual is unique, and so are their financial goals. That's why we offer flexible fee structures for all of our wealth management services.
We classify fees into two broad categories:
Every investor has different needs as to the extent of account monitoring, anticipated trading frequency, and the complexity of their investment strategies. To accommodate these differences, we offer two distinct fee structures for our asset management services.
The following compensation arrangements apply to investment accounts, corporate retirement plans, and insurance/annuity products.
You pay a commission on each transaction in your account.
Commission calculations depend on factors such as product/account type, vendor, and investment type. They can be determined based on the trade's dollar amount, a flat dollar amount varying by asset class, or a combination of both.
*Before opening your investment account, your advisor will discuss how commissions/fees will be charged to your account.
You pay a flat annual fee, usually based on a percentage of assets under management. You will not pay a commission per transaction.
This fee typically ranges between 0.50% and 1.25%.
We take an individualized approach to address your unique situation and goals in our financial planning service. Therefore, fees are largely dependent on your financial situation and service needs.
Although they vary greatly between clients, an outline of our general fee structure is provided below.
Financial planning involves a substantial upfront commitment from the planner, as there is an increased demand for time and attention during the initial stages. Additionally, more meetings will be necessary in the evaluation and data gathering processes.
Instead of billing by the hour to compensate, we charge a one-time onboarding fee to ensure we're able to dedicate the time needed to develop a thorough understanding of your financial situation and goals. The amount is entirely dependent on the complexity of your financial situation and needs, but the figures below can be used as a general benchmark.
Personal Financial Planning: $500 to $3,000
Complex Personal / Business Financial Planning: $1,000 to $6,000
Recurring Monthly Fee:
Following the onboarding process, our financial planning services typically include a recurring monthly fee, unless you prefer to pay upfront.
This fee is based on the complexity of your financial situation, meaning what you pay will reflect the depth of our services.
Personal Financial Planning: $100/mo to $600/mo
Business Financial Planning: $300/mo to $2,000/mo
*Please note that all fees outlined on this page are subject to change. Please verify your current or proposed fee structure with your advisor!