Fees and Commissions
The advisors at Hansen’s Advisory Services are independent and use Syracuse based, Cadaret Grant Inc. as our Broker-Dealer and Registered Investment Advisor. We process all of our transactions through Cadaret Grant and are paid by them for the business we do with our clients. We are generally paid in one of three ways: commissions, management fees, or hourly consulting fees.
Investment products such as Mutual Funds, Insurance, Annuities, Unit Investment Trusts, and Limited Partnerships pay commissions. There is also a commission on the purchase of individual stocks and bonds outside the managed account. The commission is set by the product sold. When recommending one of these products we will discuss the commissions and how they are paid.
If you would like us to manage your investments, we are paid a fee that is a percentage of your account balance. The minimum balance for a managed account is $25,000. Our fee for managed accounts is 1% per year, this fee is usually deducted from the account quarterly.
If you would like to hire us on a consulting basis, we would charge our hourly rate. This arrangement would apply to financial planning, portfolio analysis, or research. Our hourly rates are: Susan Hansen – $150, Gayle Olivette – $125, and Katelyn Kriesel – $100.
Gayle and Katelyn do not charge for an initial meeting. Susan charges her hourly rate for the first meeting with a new client.