PlannerFees

Norris Wealth Management, LLC fees and pricing

Financial planner in Phoenix, Arizona. Registered with state securities regulators.

According to its Form ADV Part 2A brochure dated July 7, 2023, Norris Wealth Management, LLC charges $165⁠-⁠$195 an hour, a flat or project fee of $1,850, and an annual fee of $1,250 for financial planning.

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed July 7, 2023. Fees can change, so confirm with the firm before you hire them.

Hourly rate
$165⁠-⁠$195/hr
“The hourly rate is $165 – $195 depending on project circumstances.”
Flat or project fee
$1,850
“We offer to provide financial plans for a flat fee of $1,850 provided the client’s situation is not so complex as to require more than 15 hours.”
Annual fee
$1,250/yr
“A minimum annual fee of $1,250 is required for advisory services to employer sponsored qualified retirement plans.”

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

How Norris Wealth Management, LLC bills

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

  • “In the event the plan assets are unable to pay the minimum fee under this schedule, fees will be billed to the plan sponsor until such time the account assets can support payment of this minimum annual fee.”
  • “Covered service provider agreements disclose the investment advisory fees for profit sharing 401(k) plans which are due and payable quarterly in arrears.”
  • “When an account is opened, a prorated fee for the time the account was opened is applied to the first quarter bill.”

How Norris Wealth Management, LLC’s fees compare

  • Its hourly rate of $165-$195 is below the Arizona median of $275. 15% of the 195 other Arizona planners that publish an hourly rate charge less.
  • 6 of the 42 other planners in Phoenix that publish an hourly rate charge less.
  • Its flat or project fee of $1,850 is below the Arizona median of $3,100. 26% of the 164 other Arizona planners that publish a flat or project fee charge less.
  • 7 of the 30 other planners in Phoenix that publish a flat or project fee charge less.
  • Its annual fee of $1,250 is below the Arizona median of $10,000. 7% of the 43 other Arizona planners that publish an annual fee charge less.
  • None of the 10 other planners in Phoenix that publish an annual fee charge less.

About Norris Wealth Management, LLC

“Aspiring to this belief, NWM specializes in qualified employer sponsored retirement plans, i.e., profit sharing and 401(k) plans with a secondary focus being personal financial planning.”
From the firm's description of its advisory business in its Form ADV brochure.
  • Principal: Alan L. Norris
  • Solo practice: one person runs the firm, so you work directly with the planner.
  • Credentials named in the brochure: CFP®.
  • Founded: 2010 (16 years).

Planning areas mentioned in the brochure

  • Retirement planning

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
1.34% a year
Minimum
$1,250 minimum fee (stated in brochure)
Clients
27
Employees
1
Works with
Individuals, high net worth individuals, pension and profit sharing plans, and businesses
Services reported to regulators
Financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other advisers, and educational seminars and workshops
Assets managed
$19,030,402
Registered with
State securities regulators
Disciplinary disclosures
None reported
SEC CRD number
157800
Website
norriswealthmanagement.com (opens in new tab)
Phone
(602) 404-2449

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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.