Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
Available Fee Structures
- Hourly
- Fixed Fees (Other than subscription)
Financially In Tune Overview
Financially in Tune is a registered investment advisory firm that provides investment advice only. The firm has been in business since 2020 and is headquartered in Wakefield, MA. Financially in Tune operates on a fee-only arrangement, ensuring that clients receive unbiased advice with no conflict of interest. The firm offers a range of services, including financial planning and portfolio management for individuals, small businesses, and institutional clients. The team at Financially in Tune provides customized investment solutions that meet the unique needs and goals of each client. With its years of experience and expertise, Financially in Tune also offers the selection of other advisors. The firm assists clients in finding the right professionals to advise them in other financial areas such as accounting, insurance, and legal matters. Financially in Tune offers a comprehensive suite of investment advisory services, helping clients achieve their financial goals and maintain financial wellness.
FINANCIALLY IN TUNE offers comprehensive financial planning and investment management services to a diverse range of clients, including individuals and high net worth individuals. Their extensive experience in the financial industry enables them to cater to the unique needs of their clients, providing personalized solutions that are tailored to their specific goals and aspirations. The firm believes that every client deserves the best possible support and guidance throughout their financial journey, and they strive to deliver exceptional services that exceed expectations. When it comes to fee structures, FINANCIALLY IN TUNE understands that each client may have different needs and preferences. Therefore, they offer flexible options that cater to the specific requirements of each client. Clients can opt for hourly fee structures, which are charged based on the amount of time spent on their financial planning, analysis, and investment management. Alternatively, clients can opt for fixed fees, which provide a clear and transparent breakdown of the services included and the corresponding cost. This type of fee structure is particularly suitable for clients who prefer predictability and certainty in terms of costs. Overall, FINANCIALLY IN TUNE's fee structures are designed to be fair, competitive, and aligned with the value provided to their clients.
Typical Clients, Fee Structures & Investment Minimum
According to the note in Financially In Tune's Part 2 Brochure, the firm does not impose a minimum relationship size or investment minimum. Therefore, clients are not required to meet any specific investment minimum when working with Financially In Tune.
How This Office Can Help Wakefield, MA Residents
Financially In Tune is a financial coaching business that assists clients in Wakefield, MA with their finances. They understand the specific financial situations that someone living in Wakefield may be facing, such as high housing costs, increasing taxes, and job instability. Financially In Tune understands that these challenges can cause stress and anxiety, especially when it comes to finances. Their services range from budgeting and debt reduction to retirement and investment planning. They work one-on-one with clients to develop personalized plans and strategies to help them reach their financial goals. Their approach is holistic and focuses not only on the numbers but also on the client’s overall financial well-being. Whether someone is looking to pay off debt, start investing, or plan for retirement, Financially In Tune is committed to helping their clients achieve financial success.
Services Offered by Financially In Tune
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Financially In Tune most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Financially In Tune is registered to service clients in the following states:
- Massachusetts
- New Hampshire
- New York
Disciplinary History
Financially In Tune does not have any disclosures. Please visit it's Form ADV for more details.