Firm
Bormann Wealth Management, LLC.
Spokane, Washington
Fee-only
Bormann Wealth Management, LLC. at a glance
- One of 298 fee-only firms based in Washington in the Wellspent graph.
- 1 advisor is listed here, who holds the CFP.
- Its Form ADV reports 1 employee and 20 individual clients.
- Its average account is about $183,000 (assets it manages divided by its 46 accounts).
- Its hourly rate of $400 is above the Washington median of $300.
- Its website says it's taking new clients.
Fee-only advisors in Washington · What fee-only advisors charge in Washington
Facts
| Based in | Spokane, Washington |
|---|---|
| Website | nickbormann.com |
| Phone | (509) 599-3125 |
Bormann Wealth Management, LLC. fees
What the firm's own website says it charges, checked October 30, 2026. We keep a price only when the exact words stating it appear on the page.
| Hourly | $400 an hour |
|---|---|
| Asset-based fee | 1% a year on the first tier of assets |
| How it charges | Percentage of assets · Hourly · One-time plans or projects |
In the firm's words
"$400 per hour . Billed in 15 minute increments, 1 hour minimum initial engagement." source
"1% on first $250,000" source
"$400 per hour . Billed in 15 minute increments, 1 hour minimum initial engagement." source
"$400 per hour . Billed in 15 minute increments, 1 hour minimum initial engagement." source
For comparison, fee-only firms that publish prices charge a median of $4,500 a year for ongoing planning, $2,000 for a one-time plan, $300 an hour, or 1% of assets. See the fee report.
What its SEC filing says
| Paid by | Percentage of assets · Hourly |
|---|---|
| Assets managed | $8 million |
| Individual clients | 20 |
| Accounts managed | 46 |
| Employees | 1 |
| Planning clients | 11-25 |
| Financial planning | Offered |
| Form ADV filed | March 11, 2026 |
| SEC record | CRD 316256 |