Mark Folgmann is a ChFC-designated registered investment advisor at Ark Advisors, LLC, based in Traverse City, MI, with 15 years of industry experience. Mark operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Insurance Planning, Retirement Planning, and 1 more. Their firm serves 36 clients with $79M in assets under management.
Compensation
Firm Size
IM Fee
Assets Under Management
Fee Structure
Ark Advisors offers an Encompass Retainer for holistic financial planning for a fixed annual fee, paid quarterly. The initial year fee is higher than renewal years. Clients receive scheduled meetings and additional consultations. Fees are based on net worth and investment portfolio size.
- Level I: $4,000 - Net Worth <$1,000,000 and Investment Portfolio <$750,000
- Level II: $6,000 - Net Worth $1,000,000 - $1,999,999 or Investment Portfolio >$750,000
- Level III: $8,000 - Net Worth $2,000,000 - $2,999,999 or Investment Portfolio >$1,500,000
- Level IV: $10,000 - Net Worth $3,000,000 - $4,999,000 or Investment Portfolio >$2,500,000
- Level V: $12,000 - Net Worth >$5,000,000 or Investment Portfolio >$3,500,000
The initial year retainer fee is double the renewal retainer fee.
- Second Opinion X-Ray: A two-hour review of your overall financial situation for a flat fee of $2,000. This is diagnostic and doesn't include follow-up services. If you become a full retainer client within ten days, the $2,000 will be credited towards your retainer fee.
Location
1010 S. Garfield Avenue, Suite 409, Traverse City, MI, 49686
Get directionsHistory
Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Employment History
Current Registrations
Ark Advisors, LLC
State Registrations1 state
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.