Fee-Only Structure
I am paid directly by clients rather than via commissions, product sales, referrals, or kickbacks.
Always a Fiduciary
I am legally and ethically obligated to put your interests first in every part of our work.
Aligned Interests
When you do better, I do better (and vice versa).
Transparent, fee-only, and aligned with ongoing advice
FirstFruits Wealth Management is a fee-only fiduciary RIA.
I am compensated solely by clients for financial planning and investment management. I do not receive commissions, sales incentives, referral fees, or third-party compensation for recommending financial products.
That matters because financial advice should be shaped by your goals, not by an outside company or corporation incentivizing an advisor to recommend something.
Value for your cost
I will never be one of the most expensive advisors in the marketplace, but I also do not try to be the absolute cheapest.
Cheap often means limited scope, generic advice, and advisors who may not work in your best interest.
FirstFruits is intentionally built to serve a limited number of households very well, giving each client relationship the time, attention, and care it deserves.
Intentional and transparent
I benchmark my fees vs. multiple industry benchmarking studies every single year to ensure they remain fair and competitive. Fees vary based on each client’s situation, and they are always transparent and clearly communicated.
You should understand how I am paid, what services are included, and what the relationship costs before making a decision.
Fiduciary responsibility
As a fiduciary, I am required to act in your best interest when providing investment advisory services.
My role is to give you good advice, not to sell you products.
Client-centered relationship
You work with FirstFruits because the relationship is valuable, not because you are locked in.
Clients may end the advisory relationship at any time and receive reimbursement for any unearned fees. Your accounts remain in your name at Charles Schwab or can be moved to another institution.
Advisory Fee Schedule
FirstFruits charges an annual advisory fee based on investment assets under management:
First $1,000,000 = 1.00%
Next $2,000,000 = 0.70%
Above $3,000,000 = 0.50%
Subject to a minimum annual fee of $4,800/year.
“Investment assets” generally include accounts managed directly by FirstFruits, such as brokerage accounts, IRAs, Roth IRAs, trust accounts, and other investment accounts. They do not include real estate, bank accounts, personal property, or outside accounts not managed by FirstFruits.
Example: for $2 million under management, the fee would be: $1 million x 1.00% + $1 million x 0.7% = $17,000/year. The effective annual advisory fee in this example is 0.85%. Effective fee rates continue to drop as your portfolio value increases.