Our Mission

We endeavor to follow Christ daily, both in our personal lives and in our work and hope this is reflected in our effort and development of relationships. Very simply, we are striving to put you in position to save money for the purpose of investment; to provide direction on your path toward building wealth while maintaining your quality of life. Our focus is to help you achieve your investment goals while being mindful of your expenses, offering personal financial service under a favorable cost structure and making recommendations for your best investment options even if it provides no economic benefit to our business. We have a fiduciary responsibility to our clients and operate under a fee-only structure. Unlike some brokers, we do not sell investment products or benefit from relationships to sell other companies’ investment products. We do not receive commissions on trades we make on your behalf, and while we regularly assess your portfolio, we re-balance under a long-term investing strategy, helping you to minimize trading costs. We are not limited in our investment options, further helping you keep underlying asset costs low and investment opportunities diverse. We strive to keep our operating expenses low and pass these savings on to clients in the form of lower fees. 

Personal Services Fee Structure

Financial Consulting: Our consulting services are generally related to Cash Flow Management (expense tracking, budgeting and saving), as well as debt management services, and we can assume the role of Household CFO for you as well. Our fees are based on a fixed monthly price that starts at $150 per month, subject to the level of service we provide. In some cases, fees for an analysis of your expenses or other services can be one-time and negotiable in nature. Click here for more information on Financial Consulting.

Financial Planning: We advise on a broad menu of personal finance matters, all of which are collectively included within personal Financial Planning. This service includes delivery of a financial plan specific to your goals, as well as a six-month review. We charge a one-time fee ranging from $2,000-$3,000 for personal Financial Planning, and this service can be renewed annually. Click here for more information on Financial Planning.

Financial Asset Management: For Asset Management the most we charge for assets held at Altruist is an annual fee of 0.75% of the assets we manage for you (deducted on a quarterly basis), with a decreasing fee tier as your assets grow. For assets held away from Altruist (401k, etc.), we charge an annual fee of 1.0% of those assets (also deducted quarterly). Furthermore, our Asset Management service includes our Financial Planning service and assistance with your 529 accounts at no additional cost. While we do have a $150,000 account minimum for Asset Management, we would love to discuss how we can help you start your path to asset growth regardless of your portfolio size. Click here for more information on Financial Asset Management.

We believe our fees are competitive and encourage potential clients to compare advisors on overall fee structure, including the cost of holding the underlying assets advisors recommend for your portfolio. 

Business Services Fee Structure

Independent Contractors and other Self-Employed Business Owners: To establish Solo-401k or employer Simplified Employee Pension (SEP) plans, MHB charges a fee of $950, which can be waived if initial account assets managed by MHB equal at least $150,000 at which point standard Asset Management fees will apply (see our Personal Services Fees) and clients will receive complimentary Financial Planning Services. For assets of less than $150,000, an annual fee of $950 will remain in place for managed accounts. For accounts not managed by MHB, the $950 fee will be one-time, and clients will be eligible for discounted Financial Planning Services (a $500 savings). Click here for more information on Business Services.

Small Businesses: Our fees associated with Business Consulting may be dependent on the number of participating, eligible employees, as well as the amount of assets under management. We strive to keep our costs low, and we believe we offer compelling prices for either a startup retirement plan or the transfer of an existing plan.  See the table below for more specific information, and please note these fees do not include any third-party fees. All fees are paid in arrears on a quarterly basis.

*Total Actively Managed Assets include pooled Plan assets, any Actively Managed Assets of Plan Sponsor company owners, as well as any Actively Managed Assets of eligible, participating employees that meet MHB’s $150,000 personal Asset Management limit. If the Plan holds assets that are not Actively Managed or pooled, such assets will be subject to a Plan Consulting fee of 0.25% of assets, paid by the Plan Sponsor for services provided by MHB. All Plans remain subject to the above annual compensation minimums ($2,000 for less than 5 participating employees and $3,000 for 5 or more participating employees). 

More Info on Business Services