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A retainer can be a single advance payment or a recurring (e.g. monthly) payment. Absent an agreement to the contrary, a retainer fee is refundable if the work is not performed. [3] The retainer agreement may serve as the basis of authority for a legal advocate.
Concierge medicine, also known as retainer medicine, is a relationship between a patient and a primary care physician in which the patient pays an annual fee or retainer. In exchange for the retainer, doctors agree to provide enhanced care, including commitments to ensure adequate time and availability for each patient.
Retainer fees are fixed, typically annual or quarterly payments for ongoing access to financial advisory services. Other pricing models include income-based pricing, which calculates fees as a ...
Retainer fees are a subset of hourly fees. As with hourly fees, about 40% of financial advisors charge a retainer. With a retainer, you pay your financial advisor a fixed amount of money up front ...
Money within the retainer is often used to "buy" a certain amount of work. Some contracts provide that when the money from the retainer is gone, the fee is renegotiated. This is to be differentiated between a retainer in Commonwealth states, where a retainer is the contract that is initially signed by a client to engage a lawyer.
Most advisors charge a 0.25 to 1 percent fee to manage your assets, though some may charge an hourly rate of $200 to $500, and others may offer an annual retainer of $7,000 or more.
Retainage is a portion of the agreed upon contract price deliberately withheld until the work is complete to assure that contractor or subcontractor will satisfy its obligations and complete a construction project. [1]
Retainer fee. Around $6,000 to $11,000 per year, depending on the complexity of your finances. ... Commission-based fee. A percentage or flat fee per trade that your advisor brokers — between $8 ...