The business model supporting DIA’s mission statement is fee-only. This means DIA
does not receive commissions of any kind which allows DIA to remain free from conflicts
associated with commission based transactions prevalent within the financial services
industry. The only compensation received by DIA is provided directly from you the
client. DIA’s conflict free approach to asset management and financial planning ensures
clients receive unbiased advice based upon what is best for the client’s unique financial
Assets Under ManagementAnnual Fee Rate
The minimum quarterly fee is $500. Fees higher or lower than those listed above may
be charged where circumstances so warrant. Although DIA’s asset management service
does not require a minimum account size, it is DIA’s belief that for clients to cost
effectively benefit from DIA’s services, a minimum account size of no less than $250,000
should be maintained.
For on-going financial planning, a fixed annual retainer will be charged and billed
quarterly in arrears. The annual retainer fee includes the Asset Management Service.
The annual retainer fee is computed based upon the greater of .25% of assets under
management or the minimum fixed annual retainer amount. The fixed annual retainer
fee for 2011 is $4,050. Under special circumstances, the annual retainer fee may
exceed the stated fee structure depending on the complexity of a client's situation.
Each mutual fund/ETF has an associated expense ratio that represents the investors
annual cost to invest in the fund/ETF. DIA uses low cost index/passively managed
mutual funds/ETF’s to construct client portfolios. Expense ratios among the various
funds/ETF’s within a client’s portfolio will range from approximately .10% to .30%.
DIA does not use load funds (commission based) or funds/ETF’s which charge 12b-1
fees. To create client portfolios there are transaction costs associated with establishing
the initial portfolio. Depending on the type and size of trade, these costs will
vary from $16 to $22 per trade. A typical client could expect to have a portfolio
which consists of 10 to 15 mutual funds/ETF’s, and therefore expect transaction costs
between $160 to $330 to establish the initial portfolio. Portfolios are rebalanced
periodically which result in transaction costs. On an annual basis clients should
expect transaction costs associated with rebalancing to be significantly less than
the cost to establish the portfolio.
Depending on a specific client’s circumstance, DIA may use bond ladders within a
client’s portfolio to control risk and provide income. A typical bond transaction
would cost $2.50 per bond. Costs to establish a bond ladder would be dependent on
the number of bonds within the bond ladder.
At the heart of DIA’s investment approach there is the fundamental belief that a
direct correlation exists between portfolio performance and minimizing costs. As
a result, DIA places great emphasis on minimizing transactions and controlling costs
for clients. Ultimately, DIA’s success is driven by helping clients achieve their
Managing the complexities of substantial wealth is a full-time job. At DIA, we make
your life easier by managing the day-to-day financial decisions and the long-term
planning required to grow your wealth.