Frequently Asked Questions

Yes.  As a registered investment adviser, Neya Capital is a fiduciary to every client.  So, we are required by law to always act in our client’s best interest.

Passive (also known as ‘buy-and-hold’).  Our investment strategy is focused on portfolio diversification, low cost, and tax efficiency.  We use low-cost index funds in our investment recommendations where possible.

We prefer that our investment management clients use the brokerage services provided through Altruist Financial, LLC.  We may be able to serve as investment adviser with another custodian of the client’s choice if the other custodian’s policies allow us to do so.  Please note that our firm is independently owned/operated and is not legally affiliated with Altruist Financial, LLC.

We do not require minimum income or other similar preconditions for our financial planning services.  We prefer a minimum account size of $100,000 for our investment portfolio management engagements.

We may need to connect you with other professionals (attorneys, insurance agents, etc.) in our network and they will charge you separately for their services. As a fiduciary, we cannot (and do not) receive any compensation for such referrals.  This gives you peace of mind that our recommendations are in your best interest.  Also, for additional peace of mind, you can always choose to work with an outside professional of your choice.

Neya Capital does not prepare tax returns.  Please note that Mayank Madhavani, CFP® is also a CPA and offers tax return preparation services via his role as a Partner with Burkey Cox Evans & Bradford Accountancy Corp under a separate agreement.  So, you may form more than one business relationship with Mayank depending on the service and advice being provided.  Note, you can always choose to work with another tax return preparer and are not required to use the services of Burkey Cox Evans & Bradford Accountancy Corp.

Hourly fees for engagements with narrow planning scope:  $350 an hour.

Engagement fees for engagements with broad-based financial planning:  The fee will range between $5,000-$10,000 depending on the complexity of the engagement, the depth of the services to be provided, time involved in the engagement, etc.

Retainer Fee:  After presenting our plan, we are available to assist you over the course of the year to ensure various planning action items are accomplished. We charge a fixed fee for this service at the rate of $500 per quarter. We will prorate the first quarter’s fee based on the number of days remaining in the first billing cycle.

We charge an annualized asset-based fee of 0.85% (85 basis points), paid in arrears on a monthly or quarterly basis per the client’s preference. For example, a portfolio under our firm’s management maintaining $100,000 of invest-able assets as of month’s end will be assessed $70.83 (monthly, in arrears). Formula: ($100,000 x 85 bps) = $850 (yearly fee) ÷ 12 (months) = $70.83 (monthly fee).

Please note that any custodian transactional or service fees, individual retirement account fees, qualified retirement plan fees, account termination fees, or wire transfer fees will be borne by the account holder per the custodian of record’s separate fee schedule. Fees paid by our clients to Neya Capital for our advisory services are separate from any internal fees or charges a client may pay for mutual funds, exchange-traded funds (ETFs) or other similar investments.

We offer an initial consultation to determine if we are a good fit for your needs, and to get an idea of the scope of the proposed engagement. We charge our normal hourly rate for this consultation and, if you engage us for additional services, we credit the fee paid toward that future engagement.