December 1, 2022
Aspiriant, LLC is registered with the Securities and Exchange Commission as an investment advisor. Investment advisors and brokerage firms charge fees differently for the services they provide, and it is important that you understand the differences. Free and simple tools are available to research firms and financial professionals at investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisors and investing.
We offer both investment management and wealth planning services to retail clients. Our investment management services include the development and implementation of your personal investment policy followed by ongoing advice and management of your investment portfolio. We continuously monitor your managed investments, as well as buy and sell securities on your behalf. Your investment advisory agreement gives us discretion to determine the investments to buy and sell on your behalf. You may impose reasonable restrictions on our authority. Our wealth planning services include advice about your financial goals, taxes, estate planning, risk management, philanthropy, retirement and education, depending on what you engage us to do. We do not have an absolute minimum account size. We typically provide services to clients with investment portfolios of $1.5 million or more. We are also the investment advisor to the Aspiriant Funds, which are available solely to our clients.
We encourage you to ask us questions to help you better understand our services, such as: Given my financial situation, should I choose an investment advisory service? Why or why not? How will you choose investments to recommend to me? What is your relevant experience, including licenses, education and other qualifications? What do these qualifications mean?
Investment Management Services
We charge a percentage of assets under management for investment management services for most clients. These fees are assessed quarterly, in arrears, based on the average daily value of your investments. You should understand that the greater the investment value in your account, the more you will pay in fees. This means we have an incentive for you to increase the investments under our management. If the value of your investments increases or decreases, our fees go up or down, aligning our interests. Our investment management fees can also be charged as a fixed fee in some client situations.
Wealth Planning Services
We charge a quarterly retainer, in advance, for agreed-upon wealth planning services. We also charge you hourly or fixed fees, in arrears, for services beyond the scope of those covered by the retainer.
Additional Miscellaneous Fees
In addition to our fees, you may incur additional fees and costs related to the investments in your account, such asset custody fees, transaction and trading costs, surrender charges, and other product-related fees such as redemption fees. You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.
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