Magellan Financial Solutions LLC fees and pricing

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed March 5, 2026. Fees can change, so confirm with the firm before you hire them.

Hourly rate

$300⁠-⁠$500/hr

“The hourly fee for these services is between $300 and $500.”

Flat or project fee

$1,500⁠-⁠$7,500

“The rate for creating client financial plans is between $1,500 and $7,500.”

Annual fee

$4,000⁠-⁠$25,000/yr

“We also offer our financial planning, investment consultation, and portfolio monitoring services on a retainer basis, typically ranging from $4,000 to $25,000 annually.”

Read the full brochure (PDF) (opens in new tab)SEC adviser record (opens in new tab)

How Magellan Financial Solutions LLC bills

Payment and refund terms, quoted from the fee section of the brochure.

• “Our firm’s fees are billed on a pro-rata, annualized basis, quarterly in advance, based on the value of your account on the last day of the previous quarter.”
• “Our fees may be negotiable and are solely at the discretion of a firm principal.”
• “AUM-based portfolio management fees are invoiced and billed directly to the client on a quarterly basis.”

How Magellan Financial Solutions LLC’s fees compare

• Its hourly rate of $300-$500 is above the New York median of $300. 71% of the 301 other New York planners that publish an hourly rate charge less.
• Its flat or project fee of $1,500-$7,500 spans the New York median of $4,500. 49% of the 251 other New York planners that publish a flat or project fee charge less.
• Its annual fee of $4,000-$25,000 spans the New York median of $6,250. 75% of the 80 other New York planners that publish an annual fee charge less.

About Magellan Financial Solutions LLC

• Solo practice: one person runs the firm, so you work directly with the planner.
• Founded: 2009 (17 years).

Planning areas mentioned in the brochure

• Retirement planning
• Business owners

Firm details from Form ADV

How the firm is paid

Hourly fees, fixed or flat fees, percentage of assets under management

Charges a % of assets

Yes

Highest asset based fee in brochure

1.5% a year

Clients

43

Employees

1

Works with

Individuals, high net worth individuals, and businesses

Services reported to regulators

Financial planning and portfolio management for individuals and small businesses

Assets managed

$40,373,298

Registered with

U.S. Securities and Exchange Commission

Disciplinary disclosures

None reported

SEC CRD number

169107

Website

magellanfinancialsolutions.com (opens in new tab)

Phone

(845) 986-9717

Other planners in New York that publish fees

• 4Thought Financial Group Inc.Syosset$200/hr, $100/mo
• Abaya Wealth Management LLCBuffalo$2,000⁠-⁠$5,000
• Abby Advisors LLCDobbs Ferry$250/hr, $500
• Abernathy Group II LLCNew York$750/hr, $1,000/yr
• About Time Financial PlanningRochester$1,000⁠-⁠$2,000, $700⁠-⁠$3,200/qtr
• Acacia Grove Wealth ManagementSchenectady$300/hr

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