How We're Paid

Most firms charge to manage investments. We charge to coordinate decisions.

The greatest source of long-term value isn't found in any single investment. It's found in how investments, taxes, estate planning, liquidity, insurance, and family decisions work together. So that's what we're paid to do.

Why not just charge on assets

Here's a simple test. If markets returned nothing for the next three years, would Driftwood still create real value? The answer is yes, and it isn't close.

In a flat market we might still save six figures in taxes through better withdrawal sequencing, convert to Roth at depressed valuations, restructure a trust, coordinate a business sale, and catch an estate problem years before it forces a sale. A fee that only rises and falls with the market would measure none of that.

You aren't buying market exposure. You're buying decision architecture, and the fee should reflect that.

What you're actually paying for

Managing money is one layer of the work. There are four, and only one of them is the portfolio.

Think
Architecture

The strategy and the big calls. Sell the business this year or next? Convert to Roth before retirement? Gift the stock or hold it for the step-up?

Connect
Coordination

The role no one owns today. Running the meetings, working with your CPA and attorney, keeping every decision aligned with the others.

Execute
Implementation

Portfolio construction, trading, rebalancing, tax-loss harvesting, asset location.

One layer of four
Compound
Stewardship

The long arc. Family governance, preparing heirs, updating the plan, and the operating manual that keeps it all current across the years.

Most firms price the whole relationship as if it were the third box. We price the other three as the product, and treat the portfolio as one module inside it.

Two engagements

So the work is priced as two clear, separate things. You can take the first on its own; most clients take both.

The core product

Wealth Architecture

The standing seat that owns how it all fits together.

  • Quarterly coordination reviews and an annual operating plan
  • Tax and estate coordination; work with your CPA and attorney
  • Liquidity planning, insurance review, cash-flow architecture
  • Decision support, family meetings, and implementation oversight
  • A living Wealth Operating Manual that holds the whole plan
A flat annual engagement fee, priced by complexity
Optional

Investment Management

When you'd like us to run the portfolio, too.

  • Evidence-based portfolio construction and execution
  • Rebalancing, tax-loss harvesting, and asset location
  • Manager research and ongoing maintenance
  • The "Execute" layer, coordinated with everything above
A transparent, tiered fee on assets we manage
Priced by coordination demand, not just size

A $6M single brokerage account and a $2.5M business owner with entities, a trust, and multi-state taxes are not the same amount of work. The second creates far more coordination, and far more value to capture. So the engagement fee follows coordination demand, not just assets. We assess it with a short, transparent review of the drivers that actually generate work:

Operating business Multiple entities Trusts Equity comp / options Concentrated stock Multi-state / cross-border Private investments Investment real estate Active philanthropy Estate-tax exposure
Foundational
Straightforward
Active
A few moving parts
Intensive
Many, interacting
Institutional-grade
Bespoke

Your coordination demand reads as opportunity, not a surcharge. A higher tier means more places coordination can create value, and every assessment comes with the register of opportunities it surfaced.

What you're really buying

Not meetings, emails, or calls. The assurance that no important financial decision is made without its interactions being considered first, and that one accountable party is watching the whole board.

We don't replace the professionals you trust. We make sure their work and your portfolio move as one plan.

You're not paying for portfolio management. You're paying so nothing important happens in isolation.
See where coordination is worth the most for you.
The exact figures depend on your complexity and the assets, if any, you'd like us to manage. We walk through them directly, and our full schedule is available on request. If you'd rather see the numbers first, the two-minute Tax Diagnostic is a good starting point.
Educational, not investment, tax, or legal advice, and not an offer or a fee quote. This page describes how Driftwood thinks about compensation; it is not a fee schedule. Actual fees are set by individual agreement. Illustrative benefits of coordination depend on your own facts and on current law and are not guaranteed. Driftwood coordinates with your CPA and attorney and does not provide tax or legal advice. Driftwood Wealth is the private-wealth practice of Alec Messino. Securities products and advisory services offered through Park Avenue Securities LLC (PAS), member FINRA, SIPC. Alec Messino is a Registered Representative and Financial Advisor of PAS and a Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly owned subsidiary of Guardian. Capitol Wealth Strategies, LLC is not an affiliate or subsidiary of PAS or Guardian. All figures are illustrative models for educational purposes, not investment, tax, or legal advice, and not a recommendation. Privacy Policy · Terms of Use.