Millenium Financial Services fees and pricing

Financial planner in Natick, Massachusetts. Registered with state securities regulators.

According to its Form ADV Part 2A brochure dated January 6, 2022, Millenium Financial Services charges $150 an hour for financial planning.

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed January 6, 2022. Fees can change, so confirm with the firm before you hire them.

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

“Payment in full is expected upon invoice presentation.”
“The client must consent in advance to direct debiting of their investment account.”
“Any unused portion of fees collected in advance will be refunded within 30 days.”

Its hourly rate of $150 is below the Massachusetts median of $300. 4% of the 183 other Massachusetts planners that publish an hourly rate charge less.

Principal: Richard B. Karlen
Solo practice: one person runs the firm, so you work directly with the planner.
Credentials named in the brochure: ChFC®.
Founded: 1999 (27 years).

How the firm is paid: Hourly fees, percentage of assets under management
Charges a % of assets: Yes
Highest asset based fee in brochure: 2% a year
Clients: 163
Employees: 1
Works with: Individuals and pension and profit sharing plans
Services reported to regulators: Financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other advisers, newsletters and publications, and educational seminars and workshops
Assets managed: $18,835,958
Registered with: State securities regulators
Disciplinary disclosures: None reported
SEC CRD number: 120210
Website: mill-financial.com (opens in new tab)
Phone: (508) 647-8316

Is something on this page wrong or out of date? Email corrections@plannerfees.com and PlannerFees will check it against the firm's latest filing.