Fees and Services
At Rothman Investment Management, our fees are designed to reflect the scope of services provided and the nature of each client relationship. The information below offers a general overview of our services, fee structure, and billing practices.
Not all services described are applicable to every client engagement. The specific services and fees for each client are determined based on the nature of the services provided.
For additional detail, we encourage you to review our Form ADV Part 2A (“Firm Brochure”) .
Portfolio Management (Assets Under Management)
Annual fee (tiered):
- First $1,000,000: 1.00%
- $1,000,001 – $5,000,000: 0.75%
- Above $5,000,000: 0.50%
Minimum annual fee: $5,000
Billing: Quarterly, in arrears
Description: Ongoing discretionary and non-discretionary portfolio management based on your goals, risk tolerance, and Investment Policy Statement. Fees are calculated using the average daily balance during the billing period, taking into account deposits and withdrawals. Multiple accounts may be aggregated for fee calculation unless directed otherwise.
Asset-based portfolio management fees are typically deducted directly from client accounts with the client’s written authorization on a quarterly basis. Clients may elect to be invoiced and billed directly.
Clients receive account statements directly from the qualified custodian and are encouraged to review and compare those statements with any reports provided by Rothman Investment Management.
Portfolio management fees are generally not negotiable and are outlined in the Investment Advisory Agreement. Certain planning and consulting fees may be negotiable depending on the scope of services.
Lower fees for comparable services may be available from other investment advisers.
Comprehensive Financial Planning
Fee: Comprehensive financial planning typically starts at $3,500, but may vary depending on scope and complexity. Fees may be structured as project-based or hourly.
Hourly rate: $400 per hour
Billing: As agreed, based on the scope of services
Description: Financial planning services designed to bring clarity and alignment to your financial life. Fees vary based on scope and complexity and are defined as part of each engagement.
Financial Coaching
Fee: $5,000 per year
Billing: Quarterly
Description: Ongoing planning and coaching support for clients who desire guidance, accountability, and continued alignment with their goals, without investment management.
Consulting (Hourly)
Fee:
- $400 per hour (Jacob Rothman)
- $250 per hour (Larson Patty)
Billing: 50% deposit at signing, with the remaining balance billed in arrears upon completion of the project
Description: Business or personal financial consulting services provided based on the scope of the project. In certain cases, a project-based fee may be proposed.
Client Responsibility for Third-Party Fees
Clients are responsible for third-party fees that are separate from advisory fees. These may include, but are not limited to:
- Brokerage commissions
- Mutual fund and ETF internal expenses
- Custodian-related fees
- Transaction charges
Rothman Investment Management does not receive compensation from these third-party fees. These costs are separate from and in addition to advisory fees charged by the firm.
State-Specific Disclosures
Certain clients may receive additional state-specific fee disclosures, where applicable, as part of our ongoing disclosure process.
Additional Fee Disclosures
- Advisory fees may be deducted from client accounts with written authorization or billed directly, at the client’s election.
- Fees are charged in arrears.
- Clients may terminate advisory agreements without penalty for a full refund within five (5) business days of signing. Thereafter, termination requires 30 days’ written notice, and fees will be prorated accordingly.
- Rothman Investment Management does not charge performance-based fees or other fees based on a share of capital gains or capital appreciation of client assets.