Hourly-Fee Financial Planners & Registered Investment Advisers

United States:

Allan Roth

Rick Ferri

Jon Luskin

Ross Berlin

Cody Garrett

Note: Awaiting the consent of one more person to list them

United Kingdom:

Most likely there are none

India:

Avinash Luthria

Swapnil Kendhe

S R Srinivasan

Sriram Jayaraman
Basavaraj Tonagatti

Brijesh Vappala

Venkateshwaran Subramanian

Canada:

Most likely there are none

Australia:

Anton Diedericks

If you are an Hourly-Fee Financial Planner & Investment Adviser in the United States, United Kingdom, India, Canada, Australia (Top-5 English-speaking countries based on GDP) who:

(1) charges only an Hourly-Fee and publicly discloses your Hourly-Fee purely as an illustration: in the US, a fee of USD 400 per hour of effort because a Fixed-Fee e.g. USD 4,000 without disclosing the Hourly-Fee is not as transparent and

(2) does not directly / indirectly charge a percentage of Assets Under Management and

(3) does not directly / indirectly earn any commission and

(4) does not directly / indirectly earn any referral fee from 'Percentage of AUM Financial Planners' nor Distributors that earn a commission and

(5) is registered with the appropriate regulator in your country that requires you to have a fiduciary duty to your client (e.g. a Registered Investment Adviser (RIA) in the US & India) and you are completely compliant with all regulations and

(6) does not directly / indirectly offer other higher-fee services including but not limited to managing a portfolio of stocks and

(7) does not recommend Active Investing e.g. Active Mutual Funds (including Factor Funds) so as to push clients to renew the engagement each year,

then please send me an email with an explicit confirmation on each of these seven criterion at avinash@fiduciaries.in

Notes / Disclaimers:

(1) This list excludes several people who claim to be Hourly-Fee Financial Planners but do not meet the definition mentioned on this site. For example, it excludes several people who recommend Active Mutual Funds so as to push clients to renew the engagement each year. This is because, such RIAs are not fiduciaries, in spirit. 

(2) Hourly-Fee does not mean that a client can request for an engagement of just one hour of effort (including back-end effort). Also Hourly-Fee here, does not refer to a definition by any regulator.

(3) There is some subjectivity involved in whether or not to (proactively) include a Financial Planner in this list. An important example is that for other RIAs in India (not myself) the list includes people who do not disclose their fee per hour of effort but disclose both (a) their fee per hour of calls and also (b) total fee during optional subsequent years of the engagement. Only in the case of India where I know significant details about each relevant RIA, I am able to validate that the RIA is not using this approach of fees to (a) minimize the number of hours of back-end effort and (b) avoid a disclosure of fee per hour of effort so as to prevent the client from comparing their fee with other Hourly-Fee RIAs. 

(4) While I have checked the information on this site at the time of my adding a name on this list, users of this list should do their own diligence.

(5) I am trying to locate at least one such person in each of the UK & Canada but I have not yet been able to locate one.

(6) The site was last updated on 1st November 2022

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