Flat Fee Advisors - Julie McDaniel's Bio

Julie McDaniel

CFP®

Impactfolio

Denver, CO

Contact Julie

Julie can help you with

Investment Analysis
Retirement Planning
Employee Benefits
Tax Optimization
Insurance Planning
College Planning

Expertise

Investment Analysis and Planning
SRI or ERI
Portfolio Management
Retirement Planning
Benefits and Compensation Planning for Employees
Equity Stock and Options Planning for Employees
Tax Optimization
Insurance and Risk Management
Estate and Legacy Planning
Charitable Giving
Cash Flow Analysis
Debt Management
Saving and Investing for College
Life Event Planning
Divorce Planning
Real Estate Planning
Business Finance Planning

Pricing

The price for our services is one easy-to-understand, annual flat retainer fee. No hidden fees. This fee includes our holistic financial planning and investment management services.

For clients with less than $3,000,000 in combined assets under management, our annual flat retainer fee is $7,500 per year.

For clients in excess of $3,000,000 in combined assets under management, our annual flat retainer fee is based on complexity and needs of the client.

We are in this business to be a financial force of good for our clients. We believe in keeping our overhead business expenses low so that we can offer our services at a justifiable cost. No high-rise offices, no fancy parties, no expensive advertising. Our clients tend to be hard-working individuals who appreciate our business model, believe in impact investing, and have more than $750,000 of investable assets. We have designed our firm to cater to this niche and created a fee structure that reflects our value. In order to deliver our high-service model, we will cap our client relationships for the entire firm. We believe this is the only way to provide quality over quantity.

As fiduciaries, we are constantly seeking ways to provide valuable services to our clients at a reasonable cost and reduce conflicts of interest. We believe that avoiding commission-based advice is a step in the right direction. However, we still believe that a conflict of interest exists in the 1% of assets under management fee structure. Under this model, an advisor is still incentivized to convince a client to transfer as many assets as possible under his/her management in order to increase the fees collected. We do not believe a fee should be based on the arbitrary value of a client’s investment portfolio. We know from our collective 65+ years of experience that there is not a significant difference in the work required to serve a client with $750,000 in assets vs $3,000,000 in assets. Why should one client pay tens of thousands of dollars more each year in fees?

The difference in costs and lost portfolio growth over time is shocking when you compare our fee structure with the traditional 1% of assets under management.

About

Julie has been a tireless advocate for clients since she entered the industry with a degree in Personal Financial Planning from Kansas State University in 2006. She will continue to break glass ceilings and knock down doors for the rest of her career as a CERTIFIED FINANCIAL PLANNER™. She dives deep into her client’s financial picture to ensure every piece of the puzzle fits together correctly. Julie learns just as much from her clients as they learn from her.

Julie is the “S” in the ESG (Environmental, Social, & Governance) investing principles. She is a strong advocate for human rights, community involvement, ethical and fair treatment of employees in corporations, and the L.G.B.T.Q.I.A.+ community. She has given back to the Denver community by volunteering with several non-profits over the last couple of decades. This includes Project Angel Heart, Sunrise Senior Living, Denver Kids, Upstream Impact, and mentoring students at Kansas State University and Colorado State University. In 2018, Julie was a recipient of The Philanthropic Leadership Award from The Denver Foundation. She is currently a member of the Fee-Only Network.