Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
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
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Charles Carroll Financial Partners, LLC Overview
At CHARLES CARROLL FINANCIAL PARTNERS, LLC, clients can expect a fee-only approach to investment advice. The firm has been in business since 2021 and is headquartered in beautiful Kingston, MA. This registered investment advisory firm specializes in investment advice only, with a focus on providing financial planning and portfolio management for individuals and small businesses. In addition to investment advice, CHARLES CARROLL FINANCIAL PARTNERS, LLC also offers pension consulting services. Whether you're preparing for retirement or managing your finances in retirement, the firm can assist you in creating a comprehensive pension plan tailored to your needs. With their extensive knowledge and experience, the team at Charles Carroll Financial Partners, LLC is dedicated to helping you achieve your financial goals. With a commitment to providing exceptional service and personalized attention, CHARLES CARROLL FINANCIAL PARTNERS, LLC is the ideal partner for anyone looking to take control of their finances. Whether you're just starting your investment journey or you're a seasoned investor, their team can help guide you along the way. Contact them today to learn more about their services and how they can help you achieve your financial objectives.
CHARLES CARROLL FINANCIAL PARTNERS, LLC serves a broad range of clients, including individuals and high net worth individuals. Depending on a client's specific needs and financial situation, they offer a variety of services with flexible fee structures to suit their unique needs. In terms of fees, clients may opt for a percentage of assets under management (AUM), an hourly rate, or a fixed fee structure. The percentage of AUM fee is calculated as a percentage of the client's total investment portfolio managed by the firm. The hourly fee structure requires the client to pay the firm a set hourly rate for the time spent on the specific financial tasks requested. Lastly, the fixed fee structure is a predetermined flat rate fee agreed upon with the client for the completion of a single financial service, such as a consultation or financial plan development. Clients can choose the fee structure that best suits their specific financial needs and budget constraints. As such, the firm provides high-quality financial solutions tailored to each client's unique requirements to help build and protect their wealth over the long term.
Typical Clients, Fee Structures & Investment Minimum
According to the Part 2 Brochure of Charles Carroll Financial Partners, LLC, there is no mention of an investment minimum.
How This Office Can Help Springfield, VA Residents
Charles Carroll Financial Partners assists clients in Springfield, VA by providing comprehensive financial planning services tailored to meet their individual needs. With over 20 years of experience in the financial industry, Charles Carroll Financial Partners understands the unique challenges and opportunities that someone living in Springfield, VA might face when it comes to managing their money. For example, many residents in Springfield, VA may be grappling with the high cost of living in the region, and therefore require assistance in finding ways to save and invest their money effectively. Others may be nearing retirement age and need guidance on how to maximize their retirement income and manage their investments during this critical time. Charles Carroll Financial Partners is well-equipped to help clients navigate these and other financial situations, providing personalized advice and recommendations to help them achieve their financial goals.
Services Offered by Charles Carroll Financial Partners, LLC
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 Charles Carroll Financial Partners, LLC 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
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.
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
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
- Mon 9 AM–5 PM
- Tue 9 AM–5 PM
- Wed 9 AM–5 PM
- Thu 9 AM–5 PM
- Fri 9 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Charles Carroll Financial Partners, LLC is registered to service clients in the following states:
- Massachusetts
- New Hampshire
- Virginia
Disciplinary History
Charles Carroll Financial Partners, LLC does not have any disclosures. Please visit it's Form ADV for more details.