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Practice Management > Compensation and Fees

About The Planners

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Norman M. Boone, MBA, CFP

President, founder

Boone Financial Advisors, Inc.

433 California Street, Suite 520

San Francisco, California 94104

415-788-1952

www.booneadvisors.com

[email protected]

Year practice began: 1987

Number of advisors in office: 6 CFPs, one CFP in training

Number of clients: about 230

Compensation method: fee only

Fee for managing assets: 1% on the first $1 million and 0.75% on the next $1 million, down to 0.15% for more than $10 million. Minimum annual fee: $10,000

Hourly rate: General consulting: $300 for senior advisors; $100 for paraprofessionals; $60 for clerical time

Clientele: mostly retired professionals

Education: BS in political science, Stanford University; MBA in finance, Harvard Business School

Previous incarnations: banker; corporate officer; U.S. Army officer; VISTA volunteer

Outside interests: Coaching youth baseball, hiking, travel, community service


Linda S. Lubitz, CFP

President, founder

Lubitz Financial Group

9130 South Dadeland Boulevard

Miami, Florida 33156

305-670-4440

www.lubitzfinancial.com

[email protected]

Year practice began: 1994

Number of advisors in office: 2 CFPs; one CFP in training

Number of clients: about 115

Compensation methods: fee only

Fee for managing assets: 1% on the first $1 million and 0.75% on the next $1 million, down to 0.15% for more than $10 million. Minimum annual fee: $5,000

Hourly rate: $250

Clientele: long-term investors

Education: BS in economics, Florida International University

Previous incarnations: partner at Evensky & Brown Financial Advisors in Coral Gables, Florida; former president and founder of AmeriFirst Securities Corporation, the B/D subsidiary of AmeriFirst Bank

Outside interests: travel, gardening, tennis, community service