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Frequently Asked Questions

How do you get paid?

For those seeking comprehensive wealth management and meeting our minimum asset requirement, our fee for investment management is a flat 1% of the assets under our care. Comprehensive financial and retirement planning is incorporated within this fee.

What if we don’t have the minimum?

We are in the business of helping people. Whether that is through Comprehensive Wealth Management or our Wealth Development Program. Our desire is to provide unbiased, objective, guidance. Whether you’re a fit for Joule or not, we will at minimum help you get started in the right direction even if that means working with a different firm.

Who holds our investments?

Joule Financial is completely independent allowing us to work with a variety of custodians. We currently have relationships with Fidelity, TIAA-CREF, and our primary custodian for clients is Charles Schwab. We have no direct access to client funds.

Do you sell annuities?

No, we sell no annuities or commissionable products. We provide planning and investment management services for a fee.

How do I set up a meeting?

We would love to learn more about your situation. You may schedule a meeting directly with us through our contact form below. We will reach out and either set up a Zoom or in-person meeting in our office. There is no fee nor any obligation.

What is your minimum investment?

Our minimum investment for comprehensive wealth management services is currently $500,000. Consider our Wealth Development Program should you not have this minimum investment amount.

Why do you have a minimum?

On average we have calculated that each client we service costs our firm approximately $2,500 – $5,000 per year in man-hours, infrastructure, technology, reporting and ancillary fees. Each plan developed, whether with an intention of managing assets or through our Wealth Development program, consists of at least 20 – 30 hours of work.

Do we have to be located in Kentucky?

No. We currently work with clients all over the United States. Many of our clients are as far away as California, New York, Texas and Florida.

What exactly is a Fiduciary?

A fiduciary is someone who is acting in the best interest of the client at all times. It is someone who is not compensated differently to steer a client into one investment over another.

I'm a young professional, can you help me?

We have worked very hard to develop a program for young professionals who may not be needing comprehensive wealth management and investment services just yet. We have created a unique and innovative fee structure to keep our process transparent and affordable while still providing the time and services required to develop and maintain a comprehensive financial plan. Please visit our Wealth Development page to learn more.

Ready to schedule a meeting?

Meetings are informal and confidential. We are looking for clients who will be partners – building a relationship based on mutual respect. We would like to get to know you just as much as you would like to learn more about us.

Request a Meeting