BBFA is compensated directly by the client through an adviser fee of 0.85% which is lowered to 0.65% if the assets under management reach $1M.
Q
Does BBFA receive a commission for investing my money?
No. BBFA does not receive any compensation from the investment products used in our portfolios. BBFA builds investment portfolios using institutional shares of mutual funds and ETFs, which do not charge commissions or 12b-1 fees. Also, BBFA does not use any proprietary products.
Q
If I become a client, will BBFA charge me a set-up fee?
No. Some firms choose to charge their clients a set-up or onboarding fee, which is designed to compensate them for taking the time to “get to know” their new client, develop an investment plan, and then prepare the paperwork necessary to open their new account(s). BBFA does not charge a fee for the initial consultation or the onboarding process.
Q
Will I be charged a fee or penalty for closing my account(s)?
No, BBFA does not charge a fee for closing your account.
Q
Are the investment portfolios used by BBFA designed by any third parties or other firms?
No, BBFA builds investment portfolios designed to match your circumstances, goals, and risk tolerance.
Q
How does Blakeslee & Blakeslee Financial Advisers (BBFA) differ from Blakeslee & Blakeslee (B&B)?
BBFA is a Registered Investment Adviser that does not sell products or utilize products that pay a commission or 12b-1 fee (see above). Instead BBFA is a fiduciary that only receives payment for integrated portfolio management and financial planning services through an adviser fee as disclosed in its ADVs.
B&B is a broker/dealer that sells investment products to clients that are suited to their goals and objectives. B&B is compensated by a point-of-sale commission and ongoing 12b-1 fees as disclosed in product prospectuses.
BBFA and B&B are affiliates. Clients may elect to receive services from either company depending upon the client’s preference and a determination of what is in the best interest of the client. For a more expansive description of these issues please refer to our Registered Investment Adviser Form CRS and Broker/Dealer Form CRS.
