Broker Check

MPBWM Is A Fee Offset Financial Planning Firm

This means that the firm charges a fee to develop a comprehensive financial plan to meet your overall planning goals. This fee ensures you that your financial plan is designed around your needs, not around the commission income needs of your financial planner. 

Once you feel that the plan meets your stated needs, the implementation process begins. The commissions or fees that may be generated from the implementation will Offset the planning fee.

 If the plan dictates that financial product implementation is not required, or you choose to implement the plan on your own, then the fee is compensation for plan development. 

With this fee structure, you can be assured that your plan is designed with your best interest in mind.

IF MPBWM is hired, a retainer deposit of $500 is required in advance.

Planning fee accrues at rate of $400 per hour.
The balance of the fee is paid upon completion of the plan.

Michael P. Black, CFP®, CDFA uses an individually customized ProEquities FINANCIAL ADVISORY AGREEMENT that estimates our fee relationship before the planning begins.