Fees and Expenses

Sunrise is a fee-only provider of portfolio management and financial planning services. We sell no products and get no commissions.

We charge fees based on either hourly or flat-fee based. Hourly fees range from $100/hr to $150/hr. Unlike many CPAs, attorneys and other planners who charge on an hourly basis, we do not keep a clock next to us counting every minute. We are looking for long-term relationships and not to make a quick buck.

Fees for financial planning services vary depending on the complexity of a Client’s situation. Typically, they range from $1,500 to $5,000. Financial plans for Clients with assets under management (greater than $500,000) are updated at no additional cost. For those clients with AUM less than $500,000, Sunrise offers a retainer service with fees ranging from $500 to $1000 based on the complexity of a client’s situation.

At Sunrise, we strongly suggest our clients choose a flat-fee structure for our financial planning services. This way, you know how much it’s going to cost upfront.

We base our portfolio management fees solely on the amount of assets that we manage. The fee is based on the fair market value of your account. One twelfth of the annual fee (minimum of US$50) is accrued on the last business day of each calendar month. Clients are invoiced at the end of each calendar quarter (March, June, September, and December).

Investment management fees are

                0.75% of assets up to $500,000

                0.60% of the next $500,000

                0.50% of the next $1 million

                0.40% of the next $3 million

                0.25% of the next $5 million

                0.1% of the next $5 million

                negotiable for the portion over $15 million

Multiple family accounts for those using the same mailing address may be joined for the purposes of computing the fees. With your approval, fees are deducted directly from your investment account. You may terminate the advisory relationship at any time with no notice and no penalty; any fee paid past the termination date is refunded.

The custodian for your account, Interactive Brokers, charges a commission for clearing trades made on your behalf by us. We believe their rates to be very competitive within the industry. For equities, they currently charge $0.005 per share with a $1.00 minimum per trade (as opposed to $9.99 per trade with TD Ameritrade). As an example, a purchase of 200 shares of GE would cost $1.00. The custodian's minimum monthly commission is $10 (i.e., if trades in your account for the past month do not amount to at least $10, the custodian will assess the difference to reach the $10 minimum). The custodian may also assess other fees for certain services you request (click here and browse the FEES link to learn more). Our goal is to keep your annual trading commissions to as low as possible. Each mutual fund transaction incurs a custodial fee of $14.50 (as compared to $31 with TD Ameritrade).

Virtually all fee-only investment advisors have custodial fees.  Most don't readily disclose them as we do.  The overwhelming majority of fee-only advisors use custodians who charge fees dramatically higher than those charged by our selected custodian. With Sunrise, all fees will be disclosed upfront during the initial consultation. There are no hidden fees or commissions.