At K2 Unlimited, Inc. our highly esteemed Financial Consultants are paid in different ways. During your initial consultation, your financial consultant will provide an estimate of financial planning fees after he or she reviews your goals and your financial position. Your financial consultant will charge a flat fee for his or her consultation. This fee may also include a certain number of follow-up sessions. You may also pay fees for individual transactions, which means that you will be charged when your financial consultant works on your behalf. A detailed invoice will be provided for all services performed by K2 Unlimited, Inc. Alternatively, your financial consultant may work with you on an hourly basis. If so, we will provide you with an estimate of how many hours it will take to create and maintain your plans. In addition to or as an alternative to fees, the financial consultant will also collect commissions as a percentage of the total funds you receive for your particular project. Once your project has been reviewed and accepted, K2 Unlimited, Inc. will provide you with a Fee Agreement, based upon each project.

Success Fees
At k2 Unlimited, Inc., our Success Fees are always proposed and capped before we ever begin our services. If we believe a project is a strong candidate for success, we are prepared to invest in that project for a large part of the cost of services until the loan is closed. Our Success Fee is usually 5% of the actual loan amount with a nonrefundable commitment retainer payable upon execution of our Fee Agreement.

Fees Paid by Our Clients
The different fee structures are designed to provide a fair and reasonable fee for clients who have very different needs, different incomes and various types of wealth. The purpose of the different fee structures is to reflect the individual client who simply wants some financial advice on specific questions or certain topics, the client who wants advice and/or implementation on a specific project, and a client who wants on-going planning advice on his/her project, company goals and responsibilities. For example, three clients may have identical income and net worth. Client A may simply want advice on a project; Client B may have all his assets in liquid assets such as cash, stocks and bonds; and Client C may have all his assets in illiquid assets such as commercial or residential properties, a closely held business, land, paintings, or antiques. The maximum fee options, subject to negotiation, are designed to reflect the appropriate advice in each and every case.

Hourly Fees or Project Fees
An hourly fee may be charged for consultation, planning, or investment advice. On some occasions, a flat fee will be charged for a specified project. The advice given is for that meeting or project only and no on-going help, advice, or implementation is required by the financial consultant after the meeting or project has ended unless agreed to in advance. Before making a proposal to offer our services and entering into an agreement, we perform enough research and due diligence to determine if we can actually be of service. If we can, then we prepare our Best Estimate of Terms Summary and a proposal for our services. The Best Estimate reflects the loan amount and terms we would expect back from our capital sources if we submitted a full and comprehensive presentation on our client’s behalf. We do require a certain amount of information. Contact us first and tell us about more about your project. If it sounds like something we can help you with, we will request a minimal amount of additional information and prepare one an overview and an estimate.
 

How Much is A Trustworthy Financial Consultant Worth? Paying for Value.
Years ago, goes an apocryphal story, the production line had stopped at Ford Motor Company. Each minute that the production line was not running was costing the company thousands of dollars. After hours of trying to get the line up and running again, the in-house staff finally gave up. So Henry Ford called in the world’s top expert in production lines. The consultant came in, took one look at the line, and flipped a switch. The line started moving again. A few days later, Ford received a bill from the consultant. The price tag: $10,000. Ford called the consultant. "Come on," Ford said. "Ten thousand bucks for flipping a simple switch?"

After thinking about it, the consultant agreed that $10,000 was far too high for switch-flipping. So he rewrote his entire bill and submitted it back to Ford. "Flipping the switch: $5," it now read. "Knowing which switch to flip: $9,995."