R.m. Shannon Wealth Management, LLC fees and pricing

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed March 13, 2026. Fees can change, so confirm with the firm before you hire them.

Hourly rate

$300/hr

“Services offered on an hourly fee of $300 per hour.”

Flat or project fee

$2,500⁠-⁠$20,000

“Services offered on a flat fee between $2,500 and $20,000.”

Annual fee

$5,000/yr

“ONGOING FINANCIAL PLANNING Ongoing Financial Planning consists of an ongoing fee that is paid either monthly or quarterly, in arrears, starting at a rate of $5,000 per year.”

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

How R.m. Shannon Wealth Management, LLC bills

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

• “Fees are billed quarterly in advance based on the amount of assets managed as of the close of business on the last business day of the previous quarter.”
• “If margin is utilized, the fees will be billed based on the gross asset value of the account.”
• “The fee may be negotiable in certain cases.”

How R.m. Shannon Wealth Management, LLC’s fees compare

• Its hourly rate of $300 is above the Minnesota median of $263. 54% of the 115 other Minnesota planners that publish an hourly rate charge less.
• Its flat or project fee of $2,500-$20,000 spans the Minnesota median of $5,250. 74% of the 108 other Minnesota planners that publish a flat or project fee charge less.
• 3 of the 3 other planners in St. Paul that publish a flat or project fee charge less.
• Its annual fee of $5,000 is below the Minnesota median of $8,050. 31% of the 49 other Minnesota planners that publish an annual fee charge less.
• 1 of the 2 other planners in St. Paul that publish an annual fee charge less.

About R.m. Shannon Wealth Management, LLC

• Solo practice: one person runs the firm, so you work directly with the planner.
• Credentials named in the brochure: CFP®.
• Registered as an adviser: 2018 (8 years).

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% a year

Minimum

$5,000 minimum fee (stated in brochure)

Clients

27

Employees

1

Works with

Individuals and high net worth individuals

Services reported to regulators

Financial planning and portfolio management for individuals and small businesses

Assets managed

$30,971,803

Registered with

State securities regulators

Disciplinary disclosures

None reported

SEC CRD number

290718

Website

rmshannonwealth.com (opens in new tab)

Phone

(651) 321-4620

Can advise clients in 2 states: Minnesota, North Dakota

Other planners in St. Paul that publish fees

• Endurance Financial GroupSt. Paul$4,000⁠-⁠$6,750/yr
• Fiduciary Counselling IncSt Paul$1,500, $500/yr
• White Turf Financial LLC.St Paul$7,500⁠-⁠$10,000, $750⁠-⁠$1,000/mo
• Winter & Associates, Inc.St. Paul$350⁠-⁠$400/hr, $3,500⁠-⁠$6,500

Compare all 8 planners in St. Paul