Scott Puritz: One of the first things we do with our prospective clients is a fee calculation as to what they’re currently paying and how much we can reduce their fees by. Most of our clients come to us having been paying way too much in fees for their retirement assets – on average over 2%. They frequently don’t know that every 1% of added fee compounds over time and in 20 to 30 years can eat up to a third of the returns of retirement assets.
It can be the difference between hundreds of thousands of dollars of retirement savings. We reduce the fees by providing a propriety set of very low-cost but very sophisticated retirement portfolios. We put in place a plan that is long term in nature and not constantly in and out of the marketplace, which wracks up transaction fees, and we align our interests with the interests of the client in a very elegant, thoughtful, and efficient way.
