Services & Fees
Here’s how we help.
Our mission is to serve individuals and couples in all areas of retirement planning. We provide customized financial strategies to help you achieve long-term goals and enjoy a more secure retirement. A reliable strategy can help keep your family’s future protected.
SeaCure Advisors charges clients a fee depending on what kind of service the client hires SeaCure to perform. Per regulatory requirements, SeaCure maintains a Table of Fees For Services. To view it please click here.
The table of fees can be difficult to read and understand. To make things more clear, SeaCure has designed this page to explain in plain English what our services are and how we charge for them.
SeaCure provides hourly planning services, comprehensive planning services, asset management, and risk management services. Risk management may entail the sale of a commission-based insurance product. This is a conflict of interest that we take very seriously and disclose to all of our clients. Please read details about our services and their fees below.
SeaCure offers hourly services for clients who may only need a single question answered or an occasional, irregular meeting to review a financial issue. Clients receive an invoice according to the amount of time required to research and deliver any requested information.
SeaCure works with you through ongoing meetings. We match your personal values to actionable steps that help you realize your financial goals and minimize your lifetime tax bills. Planning focuses on three to six-month increments and balances short term needs with long term goals. We work with the client to determine if quarterly, semi-annual, or annual reviews are appropriate. This service includes access to web-based tools that the client may use to view net worth details, review portfolio performance, and use for secure document storage. Clients in need of college planning services receive access to a college-planning specific portal.
SeaCure charges annual fees to manage your portfolio. Our fee schedule is “first dollar.” This means that based on the total value of the assets we manage for a client, we charge the fee listed below for the entire portfolio. When SeaCure Advisors manages a client’s assets, SeaCure waives ALL planning fees and the client receives service at the Comprehensive Planning level.
Assets from $0 up to $1 million = 1.0% per year
Assets from $0 up to $2 million = 0.75% per year
Assets over $2 million = 0.5% per year
Management fees are based upon a percentage of the assets under management and are paid pro-rata in January, April, July, October. Fees are paid at the end of each billing period. Fees are assessed based upon the account asset value(s) on the last business day of the previous billing period.
When an account is established, the management fee is charged for the remainder of the current billing period and is based upon the initial contributions.
Jane Client decides she wants SeaCure to manage her $1.5 million portfolio. Jane will pay an annual fee of 0.75%. This means Jane will pay annual assets under management fees of $11,250.
SeaCure Advisors deducts that amount, divided by four, directly from her account at the end of each quarter (March 31, June 30, September 30, and December 31). Jane receives as many meetings per year as she desires as well as comprehensive planning services.
Additional Fees Charged By Third-Party Money Managers:
SeaCure Advisors uses Third-Party Money Managers to create and administer portfolio strategies that meet a client’s values and goals. SeaCure Advisors works with SEI Private Trust Company and FormulaFolios in this capacity. The strategies offered by these firms have their own fees and expenses in addition to the assets under management fees listed above. These costs vary from strategy to strategy. SeaCure Advisors discloses and reviews total fees with the client when delivering the strategy proposal.
A situation may arise where, in order to achieve a specific goal, SeaCure may recommend a bond-based strategy. For situations where this occurs, SeaCure uses bond strategies provided by SEI Private Trust Company.
The SeaCure Advisors Assets Under Management fee for bond-specific strategies is 0.25%.
Some clients may have a situation where an annuity or a life insurance product may be in his or her best interest. If sold, an insurance carrier pays SeaCure Advisors a commission. This is a conflict of interest that we disclose to all of our clients. If a client purchases such a product from SeaCure Advisors, SeaCure waives all planning fees and the client receives service at the Comprehensive Planning level. In fact, the potential benefit of an insurance product will only come to light through the comprehensive planning process. If SeaCure Advisors is also providing Assets Under Management services, those fees will not be waived. To help manage this conflict of interest, any assets moved into an insurance product are included when calculating a client’s Assets Under Management fee rate.
Jane Client has $1.2 million in assets under management with SeaCure Advisors. Jane is concerned about retirement income and decides to purchase an annuity for $400,000 to guarantee a certain amount of income each year for the rest of her life. The insurance carrier pays SeaCure Advisors a commission. SeaCure Advisors still calculates Jane’s fee as 0.75% based on $1.2 million of assets: $800,000 of investments in her portfolio plus $400,000 in an annuity. This prevents SeaCure from increasing Jane’s fee from 0.75% to 1% due to the annuity sale.
College Planning Services
If the only financial advice you require concerns preparing for and managing the cost of college, SeaCure Advisors has two service options related to creating and implementing a college financial plan.
Please note that hourly services and Comprehensive Planning include college planning services at no extra cost.
Option 1: $49/mo subscription fee
This option includes access to the family portal of College Aid Pro. Clients receive college financial planning advice and software support via text and email. Meetings of any kind are not included, with the exception of a financial literacy meeting for each of the client’s college-bound high schoolers. The service expires when the client’s youngest child graduates from high school. The service may be canceled at any time at the client’s request.
Option 2: $79/mo subscription fee
This option includes access to the family portal of College Aid Pro. Clients receive advice and support via phone, text message, and email. Clients also have two in-person or video conference meetings per year plus an aid application review during Senior year. Meetings can be used to assess and review the client’s college plan, review aid offers, draft appeal letters, or discuss any financial planning questions. An additional financial literacy meeting for each of a client’s college-bound high schoolers is also included and does not count towards a client’s two in-person meetings. The service expires when the client’s youngest child graduates from high school. The service is cancellable at any time at your request.