FOFP is compensated solely by the client. For financial planning services, FOFP is compensated on either an hourly basis ($100/hour) or on a flat fee basis. Typically, flat fees range from $100 to $500 depending upon the complexity of the work. Clients are then billed upon the completion of the work.

Money management clients are charged an annual fee of 0.10 of one percent calculated on a quarterly or monthly basis and charged in arrears. The ending balance of the previous quarter determines the base upon which the fee is charged. Clients are billed directly by the advisor. Fees are not deducted from the clients’ accounts.

FOFP does not charge additional fees for its services. However, the mutual funds which FOFP recommends do charge expenses which may reduce the return to the client. All fees paid to FOFP for advisory and financial planning services are separate and distinct from the fees and expenses charged by mutual funds to their shareholders. These fees are described in each fund’s prospectus.

FOFP does not charge any brokerage commission. Fees are negotiable.

FOFP does not participate in automatic deduction of fees from client assets. Instead, clients are billed for fees incurred based upon the above calculation method and are provided via USPS with an invoice for fees incurred. FOFP does not pre-bill clients for fees.