IDA is compensated by a fee for assets under management. This fee starts at 1% and is reduced as assets increase. There are situations where we charge a financial planning fee in addition depending on the client complexity and situation.
Neither our firm nor Advisers receive compensation from the investment products we offer. When we provide insurance solutions there are situations where we are paid commission by the insurance agency. We believe it is important to disclose that compensation to our clients. At IDA potential conflicts of interest are ALWAYS disclosed, and IDA has a strict policy for reducing any product bias that may exist. As Fiduciary Wealth Advisers we are committed to service our clients as financial planners and investment advisers from a fiduciary perspective.