@Nikunj Merchant, to answer your other questions, this is from their ADV:
Item 5: Fees and Compensation
Please note, unless a Client has received the firm’s Disclosure Brochure at least 48 hours prior to signing the investment advisory contract, the investment advisory contract may be terminated by the Client within five (5) business days of signing the contract without incurring any advisory fees. How we are paid depends on the type of advisory service we are performing. Please review the fee and compensation information below.
Ongoing Comprehensive Financial Planning
Fees for Ongoing Financial Planning consist of an upfront charge of $250 - $1,000 and an ongoing fee that is paid either monthly or quarterly, in arrears, at the rate of $250 - $750 per month ($750 - $2,250 per quarter). The fee may be negotiable in certain cases. Fees for this service may be paid by electronic funds transfer or check. This service may be terminated with 30 days’ notice. Since fees are paid in arrears, no refund will be needed upon termination of the account. If a client elects to engage RE|Focus for both Ongoing Financial Planning and Investment Management Services, a $1,500 discount will be applied to their Ongoing Financial Planning fee.
The upfront portion of the Comprehensive Financial Planning fee is for Client onboarding, data gathering, and setting the basis for the financial plan. This work will commence immediately after the fee is paid, and will be completed within the first 30 days of the date the fee is paid. Therefore, the upfront portion of the fee will not be paid more than 6 months in advance.
Project Based Financial Planning
Project Based Financial Planning engagements are offered at a rate of $300 per hour (2-hour minimum). The fee may be negotiable in certain cases and is due at the completion of the engagement. In the event of early termination by the Client, any fees for the hours already worked will be due. Fees for this service may be paid by electronic funds transfer or check.
Investment Management Services
Fees for Investment Management Services consist of a fixed annual fee, paid either monthly or quarterly, in arrears. The annual fee is $1,500 when RE|Focus manages up to 2 (two) investment accounts for the Client. Each additional account will be billed an additional annual fee of $500. A minimum account balance of $100,000 is required for the first 2 (two) investment accounts. Each additional account must have a minimum account balance of $25,000.
The fee may be negotiable in certain cases. Fees for this service may be paid by electronic funds transfer or check. This service may be terminated with 30 days’ notice. Since fees are paid in arrears, no refund will be needed upon termination of the account.
Other Types of Fees and Expenses
Our fees are exclusive of brokerage commissions, transaction fees, and other related costs and expenses which may be incurred by the Client. Clients may incur certain charges imposed by custodians, brokers, and other third parties such as custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer, and electronic fund fees, and other fees and taxes on brokerage accounts and securities transactions. Mutual fund and exchange-traded funds also charge internal management fees, which are disclosed in a fund's prospectus. Such charges, fees, and commissions are exclusive of and in addition to our fee, and we shall not receive any portion of these commissions, fees, and costs.
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Item 12 further describes the factors that we consider in selecting or recommending broker-dealers for Client’s transactions and determining the reasonableness of their compensation (e.g., commissions).
We do not accept compensation for the sale of securities or other investment products including asset-based sales charges or service fees from the sale of mutual funds.
