An important part of investing is making sure you invest wisely. Even if you invest wisely, you might still be leaving money on the table if you do not pay extra attention to your investment fees. You might remember the old saying, “A penny saved is a penny earned”. The same idea can be applied to your investment costs.
You can potentially save thousands of dollars every year by lowering your investing fees.
One way to access lower investment costs is through Elite or Preferred Pricing programs. Elite Pricing is a great way to ensure you keep more of your money, and it is worthwhile to explore your options.
How does Elite Pricing work?
One might think that Elite Pricing or Private Client programs are available only for wealthy investors. Fortunately, Elite Pricing is available through most programs for asset levels starting at $100,000. In some instances, companies will also have automatic discounting available to ensure investors receive fee discounts as soon as they are eligible. So, how does one know if they are eligible and what are the criteria? Most investment companies will provide discounts on fees that are based on the assets invested. The investment company may also look at several criteria for discounting such as:
- Fund-level discounts
- Account-level rebates
- Householding
If an Elite Pricing program is geared toward High-Net-Worth clients, investors may also receive added features such as: an annual review, and investment rebalancing services.
As you can see there are many ways that you, as an investor, can qualify for Elite Pricing. Let’s connect soon to discuss your plan, and which Elite Pricing option is best for you.
Contact me today and let’s see how much money you can save!