Sarima Ali
Your Household Strategy
A personal portal — return anytime to review your strategy, recommendations, and next steps.
Start here
This portal walks through everything we discussed in our meeting, plus interactive tools you can explore on your own time. Take it at your pace — share it with your spouse, your CPA, or your attorney.
Our Approach
Who we are and how we work.
What We Do
The full scope of our services.
Your Team
The advisors behind your plan.
Investments
Recommended accounts and strategy.
Estate Planning
Protecting your legacy and family.
eMoney
Retirement & tax planning analysis.
Fees
Interactive calculator — see your exact cost.
Value of Advice
What good advice adds to a portfolio.
A family office, built on family values
Heritage Lake Advisors is a multi-generational team built on a legacy of integrity, hard work, and unwavering family values — specializing in ultra-high net worth families, individuals, and business owners.
What sets us apart
Multi-Generational
Deep family values at the core of everything we do.
Fiduciary Standard
Legally required to act in your best interest — always.
Comprehensive
Investments, retirement, estate, and tax — all coordinated.
Ultra-HNW Focus
Families, businesses, and foundations with complex needs.
Our partnership with &Partners
Heritage Lake chose &Partners because it gives us freedom, resources, and technology to serve clients at the highest level — without the constraints of a large wirehouse.
RIA vs. Traditional Wirehouse
RIA — &Partners, Rockefeller Capital, etc.
- Registered directly with the SEC as investment advisors
- Held to a fiduciary standard — your best interest, at all times
- Not tied to proprietary products — use whatever fits each client
- Advisor owns the client relationship — continuity and personalization
- Built on giving financial advice
Wirehouse — Schwab, Merrill, Morgan Stanley, UBS, etc.
- Registered as broker-dealers
- Held to a suitability standard — just "suitable," not necessarily best
- Advisors are employees, use the firm's proprietary products
- Firm owns the client relationship
- Built around selling financial products
A partner in every aspect of your financial life
Heritage Lake is more than investment management. We coordinate the six pillars of your financial life — so nothing falls between the cracks.
Income Planning
Do we have a clear path for your income for 2026?
Cash flow modeling, withdrawal strategy, Social Security timing, and pension/RMD coordination — designed to make your income reliable and tax-efficient.
Tax Planning
Do we have a clear present and future tax strategy?
Roth conversions, tax-loss harvesting, asset location, charitable giving — coordinated with your CPA to minimize lifetime taxes, not just this year's bill.
Risk Management
Have we implemented a plan to help protect your assets and income?
Insurance reviews, liability protection, downside hedging strategies, and emergency liquidity — so a single event doesn't derail your plan.
Estate Planning
Do we have an estate plan to convey your wishes?
Trust architecture, beneficiary review, probate minimization, and coordination with your attorney — so your legacy passes the way you intend.
Investment Management
Do current investments align with short- and long-term goals?
Active portfolio management with our core-satellite philosophy. Quarterly rebalancing, ongoing due diligence, and clear performance reporting.
Team Coordination
Does your current team have the right people, working together?
We coordinate proactively with your CPA, attorney, and insurance professionals — so everyone is on the same page and your plan moves forward.
The people behind your plan
Recognized in the 2025 Forbes Best-in-State Wealth Management Teams. A boutique team backed by the resources of a $50B+ platform. Click any team member to read their full bio.
David M. Labourdette, AIF®
Managing Director — Senior Wealth Advisor
Brad Manchester
Partner — Head of Business Development
David J. Labourdette, RIPC® CRPC®
Partner — Wealth Advisor
Kevin Labourdette, CFP®
Partner — Wealth Advisor
Claire Coombs
Partner — Wealth Advisor
Reece Eddy, CFP®
Partner — Wealth Advisor
Stephanie Derzanovich
Senior Client Relationship Manager
Rachel Whittaker
Client Relationship Manager
Designations
Our team holds the highest standards in financial planning, fiduciary practice, retirement income, and client service.
Recognition
Featured in leading business publications and recognized in the 2025 Forbes Best-in-State Wealth Management Teams.
Accounts & compliance
Client Account Custodian
Where your money and investments are held — Fidelity / NFS, one of the longest-standing private financial services companies in the U.S.
Advisor Compliance & Support
Regulatory filings, client mailings, due diligence — handled by &Partners, our broker-dealer and RIA platform.
All-in-One Wealth Portal
eMoney shows how you're tracking to what matters most — all your accounts, goals, and plans in one place.
*&Partners has selected Fidelity Investments (Fidelity) through its broker-dealer National Financial Services LLC (NFS) as our primary custodian. Fidelity Investments is one of the longest-standing private financial services companies in the United States. Fidelity utilizes NFS for the purposes of providing custody and safeguarding client assets.
David M. Labourdette, AIF®
Managing Director — Senior Wealth Advisor
david@heritagelakeadvisors.com · 607-366-2139
Background & Focus
David Labourdette, Sr. is the Managing Director & Senior Wealth Advisor at Heritage Lake Advisors. With over three decades in the financial services industry, he is deeply committed to ensuring his clients make the most of the wealth they've spent their lives building, as well as aiding them to preserve it for future generations.
He considers it a privilege to help his clients build, manage, preserve and transfer their wealth in a way that makes a meaningful difference. David believes wealth is not about money, it's about being in a position to do the things that matter the most.
David works with high-net-worth families and institutions and takes pride in delivering the customized advice and high-level service they need, want, and deserve. He is guided by his commitment to putting clients first.
Credentials
- FINRA Series 7 & 8
- CA Insurance License (0E04560)
- Accredited Investment Fiduciary (AIF®)
Outside the Office
After serving in the Air Force, David returned to his hometown of Skaneateles, where he still lives today with his wife Jamie. Together they have 5 children and 5 grandchildren they enjoy spending time with. He has served on the board of St. Joseph's College of Nursing. He and his wife love traveling, playing pickleball and staying active outdoors skiing, boating, hiking, and camping.
Brad Manchester
Partner — Head of Business Development
brad@heritagelakeadvisors.com · 607-575-7258
Background & Focus
Brad Manchester is a Partner & Head of Business Development at Heritage Lake Advisors, where he is dedicated to advancing fiduciary advice to you and our local communities as each one of us plans for our best life — through tax planning, next big purchase planning, business exit strategies, retirement, philanthropy, investment selections and/or wealth transfer.
Prior to his work in the financial advice world, Brad was the publisher of five weekly newspapers, which won multiple New York Press Association awards. Brad began his financial career by joining his father's practice, where they worked together for over 25 years until his father's retirement at age 86.
Education & Credentials
- Bachelor of Science in Management, Binghamton University School of Management
- FINRA Series 7 & 66
- CA Insurance License (0D61802)
Outside the Office
Brad was born and raised in Endwell, NY. He is married to Cynthia Manchester, Esq., and they have three children: Colin, Cameron, and Holly. As a family, they enjoy hiking, camping, and fishing together. Brad's personal hobbies include golfing, boating, and fishing.
David J. Labourdette, RIPC® CRPC®
Partner — Wealth Advisor
dave@heritagelakeadvisors.com · 607-366-2141
Focus
Every day, David J. Labourdette, Jr. strives to do for his clients' families what he would do for his own, offering thorough, tailored advice and well-designed investment plans. As a Chartered Retirement Planning Counselor (CRPC®), David goes beyond numbers and markets by actively listening to clients, helping them think through critical family decisions, and aligning their finances with their unique values and goals.
David pledges that each client's portfolio will be thoughtfully constructed to reflect their individual circumstances and preferences, reviewed meticulously, and can be adjusted as life changes. Most importantly, his focus is to offer open and honest advice.
Education & Credentials
- Chartered Retirement Planning Counselor (CRPC®), College for Financial Planning
- Retirement Income Certified Professional (RIPC®), The American College of Financial Services
- FINRA Series 7 & 66
- CA Insurance License (4258252)
Away from the Office
A native of Skaneateles, New York, David grew up playing hockey and football. He spent much of his young adult life traveling to Haiti, North Africa, and China as a missionary. For the last several years, he has lived out a childhood dream of working alongside his father, advising and assisting other families. David and his wife are active members of Grace Chapel in Skaneateles. Along with their two young sons and their dog, Mac, they are happy to call the Finger Lakes region home.
Kevin Labourdette, CFP®
Partner — Wealth Advisor
kevin@heritagelakeadvisors.com · 607-366-2138
Focus
Kevin is dedicated to creating personalized, detailed, and holistic investment plans that empower his clients to pursue their financial goals and help build a secure financial future. His commitment to delivering exceptional financial guidance includes experience with investment strategies, retirement planning, and estate planning, striving to ensure that each client receives solutions tailored to their unique needs.
His background includes leadership roles in the design of electric vehicles and founding a successful real estate redevelopment company. These experiences have sharpened his investment skills and expanded his understanding of the finance industry.
Education & Credentials
- Bachelor of Science in Mechanical Engineering, Rochester Institute of Technology
- CERTIFIED FINANCIAL PLANNER™
- FINRA Series 7 & 66
- CA Insurance License (4258256), with New York as his resident state
Outside the Office
When Kevin is not helping his clients, he enjoys golfing and skiing with his wife, Kate.
Claire Coombs
Partner — Wealth Advisor
claire@heritagelakeadvisors.com · 607-366-2143
Background & Focus
Claire Coombs is a Wealth Advisor at Heritage Lake Advisors, where she is passionate about helping clients pursue financial well-being by providing clear and actionable guidance. Claire focuses on addressing both simple and complex financial planning needs, working closely with clients to help ensure their financial plans align with their personal values and goals.
Her definition of success is to be an enhancement to the lives of others. She is focused on listening to and helping clients pursue financial wellbeing while striving to deliver exceptional experience. Making big financial decisions can be daunting and she strives to provide clarity to the decision-making process.
Education & Credentials
- Bachelor's Degree, University of Kentucky
- Former Vice President, Fidelity Investments (Promoted in 2023)
- Implementation of 3(21) Fiduciary Services at Morgan Stanley
- FINRA Series 7 & 66
- Featured Speaker, Principal Financial Group Annual Service Conferences (2002, 2003)
Outside the Office
Born in Louisville, KY, Claire moved to Pittsburgh, PA and then settled in Ithaca, NY. She is married to Raj, and they have two children, Miranda and Rex. As a family, they enjoy traveling, hiking, swimming, and exploring new foods. Claire's personal interests include practicing yoga, reading, cooking, and visiting historical homes and landmarks.
Reece Eddy, CFP®
Partner — Wealth Advisor
reece@heritagelakeadvisors.com · 607-366-2158
Background & Focus
With a genuine passion for helping people navigate their financial lives, Reece takes a holistic and highly personalized approach to financial planning. Every client relationship is built on trust, transparency, and a deep understanding of what truly matters — your goals, your values, and your vision for the future.
By carefully analyzing all aspects of your financial picture, he provides detailed, actionable strategies tailored to your unique situation. Through ongoing conversations and thoughtful planning, Reece is committed to building long-term relationships and delivering guidance that evolves with you.
Leveraging every resource available — from comprehensive planning tools to a broad network of professionals — we work to create a clear and confident path forward so you can focus on what matters most: living the life you've imagined.
Education & Credentials
- Bachelor of Economics, Boston University
- CERTIFIED FINANCIAL PLANNER™
- FINRA Series 7 & 66
- CA Insurance License (4327028)
Away from the Office
A native of Skaneateles, NY, Reece now resides in Washington, DC with his wife Hanna. After playing Division I lacrosse at Boston University, Reece went on to play 4 years in the Premier Lacrosse League, where he won a World Championship in 2023 with the Utah Archers. In his free time, Reece loves to golf and play hockey. He enjoys spending time exploring DC and Alexandria with Hanna and his dog Penny.
Stephanie Derzanovich
Senior Client Relationship Manager
stephanie@heritagelakeadvisors.com · 607-575-7257
Background & Focus
Stephanie Derzanovich is dedicated to supporting her team and clients through honesty, empathy, and a commitment to delivering value. She brings a wealth of experience in financial services, holding FINRA Series 7, 63, and 65 registrations, as well as being a notary. Stephanie excels in working closely with her colleagues and clients, striving to ensure she meets individual needs with a reliable and kind approach.
Her professional focus is on fostering strong client relationships and maintaining a high standard of service. Over the next 5 to 10 years, Stephanie envisions herself growing within her organization, taking on new responsibilities and contributing to the company's success.
Education & Credentials
- Associate degree in Paralegal Studies, SUNY Broome
- Bachelor's degree in Childhood Education, SUNY Cortland
- Master's degree in Curriculum Development and Instructional Technology, SUNY Albany
- FINRA Series 7, 63, 65 and 66 registrations
- Notary Public
Outside the Office
Born and raised in Binghamton, NY, Stephanie is married and has two daughters. Her family enjoys spending time outdoors, taking day trips, and engaging in activities such as reading, watching movies, and playing games. Her children are involved in soccer and horseback riding. Outside of work, she loves reading, baking, and cooking.
Rachel Whittaker
Client Relationship Manager
rachel@heritagelakeadvisors.com · 607-366-2142
Background & Focus
Rachel Whittaker is a Client Associate at Heritage Lake Advisors, where she is dedicated to building meaningful connections with clients by listening to their stories and understanding their unique goals and challenges.
As she begins her career in finance, Rachel is focused on enhancing her knowledge and skills, applying an analytical approach to solve problems and delivering value to her clients. Her goal is to offer support that is tailored specifically to what matters most to each client, striving to ensure that her solutions meet their individual needs.
Education & Credentials
- Bachelor of Science in Business Administration with a Minor in Real Estate, College of Charleston (December 2023)
Outside the Office
Born and raised in Ithaca, New York, Rachel enjoys spending time with her family boating, hiking, golfing, and relaxing by the lake. In her free time, she loves baking, cooking, and spending time with her two dogs, Lush and Remi.
Recommendation: Custom IRAs
Active, professional management with a portfolio mix customized to your goals — adjustable to be more aggressive or conservative as your life evolves.
Your client objectives
Retire at 65
Income planning, cash flow modeling, and retirement-readiness assessment.
Organized Approach
Consolidated reporting across all accounts in one portal.
Active Management
Professional oversight with regular rebalancing and tax optimization.
Account structure
Click any account to see strategy details, allocation, and rationale.
Honeywell 401(k)
Your existing employer-sponsored retirement plan held with Fidelity Net Benefits. We coordinate strategy across this and your new advisory accounts.
Current account snapshot
Current holdings, allocation, and performance from the Honeywell 401(k) plan.
Our recommendation
You keep this account where it is — at Fidelity through Honeywell's plan. We coordinate the investment selection, contribution strategy, and Roth-vs-traditional allocation alongside your new advisory accounts so the whole portfolio works together.
Coordination strategy
Contribution Optimization
Maximize employer match first. Evaluate Roth vs traditional contributions based on your current and projected tax bracket.
Investment Selection
Build the right allocation within the plan's available fund menu, coordinated with your other accounts to avoid overlap.
Tax-Location Strategy
Hold high-growth assets here for tax-deferred compounding. Bonds and income-producing assets stay in tax-advantaged space.
Future Rollover
When you separate from Honeywell, we'll evaluate rollover options — to your advisory IRA or other strategies.
Advisory IRA
A new actively-managed IRA at Fidelity. Built around a core-satellite philosophy with quarterly rebalancing, tax-loss harvesting, and full discretion to adjust as markets and your life evolve.
Strategy
This account follows our distinctive core-satellite philosophy. The core provides broad diversification at competitive cost. Satellites add tactical exposure where active management has the greatest opportunity to enhance return or manage risk.
Portfolio snapshots
Visual breakdown of allocation, holdings, and performance from your Envestnet report.
Portfolio construction
Core — ETFs
Broad diversification, competitive cost, and tax efficiency. Forms the foundation of the portfolio.
Satellite — Dividend Growth SMA
US large-cap equities designed for market exposure with reduced downside.
Satellite — Active Funds
Active management in asset classes where it has the greatest opportunity to enhance return or manage risk.
Tax-Loss Harvesting
Ongoing identification and execution of opportunities to offset gains and reduce your lifetime tax bill.
What's included
- Investment Advice & Strategy
- Security Selection & Due Diligence
- Asset Location Optimization
- Ongoing Rebalancing (quarterly + as conditions warrant)
- Alternative Investment Access (where appropriate)
- Tax-Loss Harvesting & Tax-Managed Cash Flow
- Consolidated Performance Reporting
Structured IRA
A defined-outcome investment strategy that provides market exposure with explicit downside hedging — designed to protect a portion of your retirement assets against significant losses while still participating in upside.
Why this account exists
As you approach retirement, sequence-of-returns risk becomes one of the biggest threats to your long-term plan. The Structured IRA uses defined-outcome strategies that establish a known buffer against market losses over a set period — so a sharp downturn early in retirement doesn't permanently impair your portfolio.
How it works
Downside Buffer
A defined level of protection against losses (typically 10–30%) over the strategy period. You won't lose the first portion of a market decline.
Performance Lock
We can lock in gains at various points throughout the investment, securing them. The buffer then resets on this new, higher starting value — locking in upside while keeping the downside protection.
Strategy Periods
Strategy periods are 6 years total. Depending on market conditions, we can structure the buffer to cover different time windows within those 6 years.
Coordinated Allocation
Sized to provide meaningful protection without sacrificing long-term growth potential across the rest of your portfolio.
Why this sizing
$150,000 represents the portion of your portfolio that we want to actively shelter from sequence risk — large enough to make a real difference in a bad-market retirement year, sized so the buffer strategy meaningfully complements the active growth in your other accounts.
How the buffer works in different markets
A 20% buffer protects your account across three different market scenarios. Hypothetical example.
You participate fully in the gain (subject to performance lock and strategy terms).
The 20% buffer absorbs the entire loss. Your account is unchanged.
The 20% buffer absorbs the first 20% of the loss. You only experience the remainder.
This is the protection level for the strategy period. Performance Lock allows us to secure gains and reset the buffer on a new, higher starting value.
Protecting your legacy
Be prepared for life's what-ifs. Four package options — from the essentials to advanced strategic tax planning — each designed to protect your family and your wealth.
Essentials Package
Be prepared for life's what-ifs with these 3 essential documents.
- Healthcare Power of Attorney and Advance Directive + HIPAA Disclosure
- Financial Power of Attorney
Will Package
Build a foundation for your family and property with this will-based plan.
- Last Will & Testament + "Wait-and-see" tax planning in the event your estate becomes taxable
- Healthcare Power of Attorney and Advance Directive + HIPAA Disclosure
- Financial Power of Attorney
Basic Trust Package
Build a foundation for your family and property with this trust-based plan.
- Simple Revocable Trust + "Wait-and-see" tax planning in the event your estate becomes taxable + Certification
- Pour-Over Will
- Healthcare Power of Attorney and Advance Directive + HIPAA Disclosure
- Financial Power of Attorney
Advanced Trust Package
Strategic tax planning to protect your wealth.
There may be additional costs for this package. Cost will be communicated by the estate planning team before signing anything.
- Enhanced Revocable Trust + Credit shelter trust for tax planning + Expanded power of appointment + Ability to add trust protector
- Pour-Over Will
- Healthcare Power of Attorney and Advance Directive + HIPAA Disclosure
- Financial Power of Attorney
Not sure which package fits?
Estate planning is included with Strategic Planning at no additional cost. We'll walk through your situation together and recommend the right package — coordinated with your attorney.
View Strategic Planning →Your retirement, modeled
A clear path to retirement at 65 — cash flow, income strategy, Social Security timing, and Roth-conversion opportunities, modeled across your full financial picture in eMoney.
What we modeled
Cash Flow Overview
Income, expenses, and savings rate across the next 30+ years — modeled against inflation and lifestyle assumptions.
Variables of Retirement
Stress-tests across market downturns, longevity, healthcare costs, and Social Security claiming strategies.
Tax Projections
Year-by-year tax brackets in retirement, identifying low-bracket years ideal for Roth conversions.
Income Strategy
Sequencing of withdrawals — taxable, tax-deferred, Roth — to minimize lifetime taxes and maximize portfolio longevity.
Plan visualization
Key findings & recommendations
-
Roth conversion window
Years 1–5 of retirement (pre-RMD, pre-Social-Security) present a meaningful low-bracket window for systematic Roth conversions, potentially saving six figures in lifetime taxes.
-
Social Security timing
Modeling supports delayed claiming to age 70 to maximize lifetime benefit and protect against longevity risk.
-
Healthcare bridge
Strategy for pre-Medicare healthcare costs is built into the cash-flow model.
-
Withdrawal sequencing
Tax-optimized withdrawal order across taxable, tax-deferred, and Roth accounts is modeled and reviewed annually.
View the full interactive model
Your live eMoney portal contains the full model — drag retirement age, adjust expenses, model "what-if" scenarios, and see the impact in real time.
Open eMoney Portal →Your tax strategy, multi-year
Tax planning isn't just about this year — it's about minimizing your lifetime tax bill. We model your tax picture across decades to identify opportunities most people miss.
Tax visualization
Strategies in your plan
Tax-Loss Harvesting
Systematic identification and execution of opportunities to offset gains throughout the year — coordinated across all your accounts to avoid wash sales.
Asset Location
The right investments in the right account type. Tax-inefficient assets in tax-deferred space; tax-efficient assets in taxable accounts.
Roth Conversions
Multi-year conversion ladder targeting low-bracket years to shift assets to tax-free status before RMDs begin.
Charitable Giving
Qualified Charitable Distributions (QCDs) and Donor-Advised Funds (DAFs) to maximize the tax efficiency of your giving.
RMD Management
Strategic withdrawal planning to manage Required Minimum Distributions and avoid bracket creep in your 70s and beyond.
CPA Coordination
Proactive coordination with your CPA — quarterly check-ins to align our recommendations with your filing strategy.
This year's tax actions
-
Maximize Honeywell 401(k) contribution
Capture full employer match. Evaluate Roth vs traditional split based on current bracket and projections.
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Backdoor Roth IRA contribution
If income exceeds direct Roth limits, evaluate backdoor strategy with attention to pro-rata rule.
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HSA optimization
If eligible, max HSA contributions and treat as a long-term tax-advantaged investment account, not a current-year spending account.
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Tax-loss harvesting review
Continuous monitoring across your advisory accounts. Year-end execution coordinated with your CPA.
Coordinate with your CPA
We share tax-planning recommendations and projections directly with your CPA at the start of every tax year. Want us to include yours in the next coordination email?
Email Reece →Transparent fees, on your portfolio
Adjust the slider to see your exact annual fee at any portfolio size. As your assets grow, the rate drops — and you keep more of what you earn.
Your fee calculator
Type a value or drag the slider to see your fee.
Everything in Portfolio Only — plus estate planning, trust architecture, CPA coordination.
Tiered pricing — at $1M+, Strategic Planning includes Tactical Planning at no additional cost.
Three ways to work together
Click any option to see the full fee schedule, features, and what's included.
Strategic Planning
Most comprehensive
Everything in Portfolio Only — plus estate planning, trust architecture, CPA & attorney coordination.
Portfolio Only
Asset management fee
Portfolio management, tax optimization, rebalancing. Coordination and scheduled reviews.
Tactical Planning
Flat fee for planning
No asset management — you keep your accounts where they are. We provide the strategy and you implement.
At $1M+, clients automatically receive Strategic Planning at no additional cost. The asset-management fee covers the full planning relationship — estate, tax, and tactical planning included.
Please note that this is an example of an advisory fee schedule. Actual advisory fees will vary, may be higher or lower than the fees represented in the above schedule, and will be at the discretion of the advisor. Factors impacting advisory fees include but will not be limited to the total assets under management and other combined services (e.g., fee-for-planning). All fees will be agreed to, in writing, in advance, within the Investment Advisory Services Agreement. As assets grow, or more money comes in, the fee can be lowered. Implementation of Tactical Planning recommendations is the sole responsibility of you, the individual. Both relationship types make us a fiduciary to you.
Tactical Planning
Pays for advice. You manage your own assets at your desired firm. Two ways to engage — one-time project or ongoing annual relationship.
- Cash Flow & Goals-Based Planning
- Tax Planning & Projections
- Roth Conversions
- Retirement Income Modeling
- Education Funding Analysis
- Estate Plan Review
- Business Exit Planning
- No Asset Management
Tactical Planning pays for advice. You manage your own assets at your desired firm. Implementation of these plans is the sole responsibility of you, the individual.
Both relationship types make us a fiduciary to you.
One-Time Engagement
Comprehensive wealth plan delivered as a one-time project with full analysis and recommendations.
| Tier Start | Tier End | Flat Fee |
|---|---|---|
| — | $250k | $2,000 |
| $250k | $500k | $2,500 |
| $500k | $1M | $3,000 |
| $1M | $5M | $5,000 |
| $5M | $10M | $10,000 |
| $10M | $20M | $20,000 |
| $20M | $50M | $30,000 |
| $50M | + | $75,000 |
Annual Retainer
Ongoing planning-only relationship with annual updates, reviews, and continued access to your planning team.
| Tier Start | Tier End | Flat Fee |
|---|---|---|
| — | $250k | $1,500 |
| $250k | $500k | $2,000 |
| $500k | $1M | $2,500 |
| $1M | $5M | $3,500 |
| $5M | $10M | $8,500 |
| $10M | $20M | $15,000 |
| $20M | $50M | $25,000 |
| $50M | + | $50,000 |
Please note that this is an example of an advisory fee schedule. Actual advisory fees will vary, may be higher or lower than the fees represented in the above schedule, and will be at the discretion of the advisor. Factors impacting advisory fees include but will not be limited to the total assets under management and other combined services (e.g., fee-for-planning engagements). All fees will be agreed to, in writing, in advance, within the Investment Advisory Services Agreement. Certain custodial fees such as paper document fees and IRA maintenance fees may be borne by the client and in addition to above referenced fees. View full regulatory disclosures →
Portfolio Only
Active portfolio management with tax optimization, ongoing rebalancing, and coordinated reviews. Fee scales down as your assets grow.
Portfolio Management
- Investment Advice & Strategy
- Security Selection & Due Diligence
- Asset Location Optimization
- Ongoing Rebalancing
- Alternative Investment Access
Tax Alpha & Optimization
- Tax-Loss Harvesting
- Roth Conversions & RMD Management
- Tax-Managed Cash Flow
- Charitable Giving Execution (QCDs, DAFs)
Coordination & Access
- Consolidated Performance Reporting
- Scheduled Reviews & Ongoing Access
Both relationship types make us a fiduciary to you.
Tiered Fee Schedule
As your assets grow, the rate drops — and you keep more of what you earn.
| Tier Start | Tier End | Tier Rate |
|---|---|---|
| — | $250k | 1.50% |
| $250k | $500k | 1.25% |
| $500k | $1M | 1.05% |
| $1M | $2M | 1.00% |
| $2M | $5M | 0.85% |
| $5M | $10M | 0.60% |
| $10M | + | 0.50% |
* At $1M, clients automatically qualify for Strategic Planning at no additional cost.
* Actual fee may vary depending on strategy. Fee will be confirmed with you.
Please note that this is an example of an advisory fee schedule. Actual advisory fees will vary, may be higher or lower than the fees represented in the above schedule, and will be at the discretion of the advisor. Factors impacting advisory fees include but will not be limited to the total assets under management and other combined services (e.g., fee-for-planning engagements). All fees will be agreed to, in writing, in advance, within the Investment Advisory Services Agreement. Certain custodial fees such as paper document fees and IRA maintenance fees may be borne by the client and in addition to above referenced fees. View full regulatory disclosures →
Strategic Planning
Our most comprehensive engagement. Everything in Portfolio Only — plus estate planning, trust architecture, and proactive coordination with your CPA and attorney.
Everything in Basic Planning, plus…
Portfolio Management
- Investment Advice & Strategy
- Security Selection & Due Diligence
- Asset Location Optimization
- Ongoing Rebalancing
- Alternative Investment Access
Tax Alpha & Optimization
- Tax-Loss Harvesting
- Roth Conversions & RMD Management
- Tax-Managed Cash Flow
- Charitable Giving Execution (QCDs, DAFs)
Coordination & Access
- Consolidated Performance Reporting
- Scheduled Reviews & Ongoing Access
Estate Planning
- Most Documentation Creation Included
- Trust Architecture
- Limiting Probate for Beneficiaries
- Assistance to Heirs and Executors
- Insurance Review & Beneficiary Monitoring
- Proactive CPA & Attorney Coordination
Both relationship types make us a fiduciary to you.
Tiered Fee Schedule
As your assets grow, the rate drops. Tactical Planning is included for clients above $1M at no additional cost.
| Tier Start | Tier End | Tier Rate |
|---|---|---|
| — | $250k | 1.75% |
| $250k | $500k | 1.50% |
| $500k | $1M | 1.30% |
| $1M | $2M | 1.00% |
| $2M | $5M | 0.85% |
| $5M | $10M | 0.60% |
| $10M | + | 0.50% |
* Actual fee may vary depending on strategy. Fee will be confirmed with you.
Please note that this is an example of an advisory fee schedule. Actual advisory fees will vary, may be higher or lower than the fees represented in the above schedule, and will be at the discretion of the advisor. Factors impacting advisory fees include but will not be limited to the total assets under management and other combined services (e.g., fee-for-planning engagements). All fees will be agreed to, in writing, in advance, within the Investment Advisory Services Agreement. Certain custodial fees such as paper document fees and IRA maintenance fees may be borne by the client and in addition to above referenced fees. View full regulatory disclosures →
Plan comparison
Tactical Planning, Portfolio Only, and Strategic Planning at a glance.
| Features | Tactical Planning | Portfolio Only | Strategic Planning |
|---|---|---|---|
| Basic Planning | ✓ | ✗ | ✓ |
| Portfolio Management | ✗ | ✓ | ✓ |
| Tax Alpha & Optimization | ✗ | ✓ | ✓ |
| Coordination & Access | ✗ | ✓ | ✓ |
| Estate Planning | ✗ | ✗ | ✓ |
| Fee Structure | Flat fee $1,500 – $75,000 |
Asset-based 0.50% – 1.50% (tiered) |
Asset-based 0.50% – 1.75% (tiered) |
Good advice can add 3–5% annually
Independent research — Vanguard, Morningstar, Russell — is clear about what disciplined advice contributes to a portfolio over time.
On a $1 million portfolio, that's potentially $30,000 – $50,000+ in additional annual value.
A white-glove transition
No cost or obligation until implementation. We handle the paperwork — you make the decisions.
Decision
Account opening and information collection. Electronic paperwork only.
Transition
Account transfers handled via electronic paperwork. We coordinate with current custodians.
On-Boarding
Online portal access (eMoney, Envestnet, Wealthscape). Reviews each April & October.
Ongoing relationship
Scheduled Reviews
April & October — cashflow, allocation, tax strategy, Roth conversions, estate plans.
Meetings As Needed
Any time life changes — marriage, retirement, new job, inheritance.
Portal Access
eMoney, Envestnet, Wealthscape — all your accounts in one view.
Direct Line
Reece and your team are reachable directly — no call centers.
Ready when you are.
Take your time. Share this portal with your spouse, your CPA, or your attorney. Questions are always welcome — this is your decision, on your timeline.
Reach Out to ReeceImportant disclosures
Full regulatory information referenced throughout this portal. Required reading before any implementation decision.
Securities & advisory services
Securities and investment advisory services offered through &Partners, LLC, a broker-dealer and investment adviser registered with the U.S. Securities and Exchange Commission and member FINRA, SIPC.
View Your Accounts Online: HeritageLakeAdvisors.com/Login
Report status & official records
The report is not the official record of your account. However, it has been prepared to assist you with your investment planning and is for informational purposes only. Your &Partners Client Statement is the official record of your account. Therefore, if there are any discrepancies between this report and your Client Statement, you should rely on the Client Statement and call your Financial Professional with any questions.
Cost basis & market data
Cost data and acquisition dates provided by you are not verified by &Partners. Transactions requiring tax consideration should be reviewed carefully with your accountant or tax professional. Unless otherwise indicated, market prices/values are the most recent closing prices available at the time of this report and are subject to change. Prices may not reflect the value at which securities could be sold. Past performance is not indicative of future results.
The information provided for assets not held at &Partners has not been verified. The actual value and/or performance of these assets may differ from that shown. The S&P 500 is an unmanaged weighted index of common stocks. An investment cannot be made directly in an index.
Tax considerations
Taxes are deferred until distributions are taken. Distributions are then taxable as ordinary income. For any withdrawals prior to age 59½, a 10% federal penalty tax may apply to the taxable amount. Contributions may be tax deductible depending on income limits.
Neither Heritage Lake Advisors nor &Partners renders legal or tax advice. Please consult your tax or legal advisors before taking any action that may have tax consequences.
Forbes Best-in-State methodology
2025 Forbes Best-in-State Wealth Management Teams: Awarded January 2025; Data compiled by SHOOK Research LLC based on the time-period from 3/31/23 – 3/31/24 (Source: Forbes.com). The Forbes Best-in-State Wealth Management Teams rating algorithm is based on the previous year's industry experience, interviews, compliance records, assets under management, revenue and other criteria by SHOOK Research, LLC. Investment performance is not a criterion. Self-completed survey was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria.
Custodian relationship
&Partners has selected Fidelity Investments (Fidelity) through its broker-dealer National Financial Services LLC (NFS) as our primary custodian. Fidelity Investments is one of the longest-standing private financial services companies in the United States. Fidelity utilizes NFS for the purposes of providing custody and safeguarding client assets.
Fee schedule
Fees include advisory services, performance measurement, transaction costs, most custody services, and trading. The fees do not cover the fees and expenses of any underlying packaged products in the portfolio. The fee schedule, which is negotiable, is based on account size and an assumed active portfolio. There may be a minimum client fee requirement per calendar quarter to maintain this type of account. Advisory programs are not designed for excessively traded or inactive accounts and are not appropriate for all investors. There are minimum account sizes for these types of accounts.
The fee schedules presented are examples. Actual advisory fees will vary, may be higher or lower than the fees represented in the schedules, and will be at the discretion of the advisor. Factors impacting advisory fees include but will not be limited to the total assets under management and other combined services. All fees will be agreed to, in writing, in advance, within the Investment Advisory Services Agreement.
Implementation of Tactical Planning recommendations is the sole responsibility of the individual client. Both relationship types make us a fiduciary to you.
Hypothetical examples & research
The examples provided in this portal — including portfolio recommendations, fee calculations, and value-of-advice figures — are hypothetical and provided for informational purposes only. They are not intended to represent any specific investment, nor are they indicative of future results. Please see the full eMoney and Envestnet reports for all important information.
Research cited in the Value of Advice section: Vanguard, "Celebrating Advisor's Alpha" (2025); Morningstar, "Alpha, Beta, and Now...Gamma" (Blanchett & Kaplan); Russell Investments, "2025 Value of an Advisor Study." Actual results vary by client circumstance. Past performance does not guarantee future results.
Reference
MR8664868.1