Philip Weiss is a CFA-designated registered investment advisor at Bestgate Wealth Advisors, LLC, based in Phoenix, MD, with 12 years of industry experience. Philip operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, High Net Worth, and 4 more. Their firm serves 118 clients with $160M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.25% |
| $500K - $1.0M | 1.00% |
| $1.0M - $3.0M | 0.80% |
| $3.0M - $5.0M | 0.60% |
| $5.0M - $10.0M | 0.50% |
| $10M+ | 0.40% |
The fee is based on the amount of money in each bracket. BWA may charge a different fee (higher or lower) based upon certain criteria such as: the market value of the assets under management, the complexity of the engagement, the level and scope of the overall investment advisory and/or consulting services to be rendered. The minimum annual fee for combined assets under management and financial planning services is $6,000.
Fee Estimator
Location
Phoenix, MD
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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 →Other Business Activities
Philip is a co-presiding partner of Hay Weiss, CPA, LLC, a non-investment-related business providing payroll and accounting services, dedicating minimal time to it. He also occasionally reviews industry guides for the CFA Institute, devoting minimal time to this activity as well.
Employment History
Current Registrations
Bestgate Wealth Advisors, LLC
Apprise Wealth Management LLC
Previous Registrations
Foundation Wealth & Tax Advisors, LLC
Apprise Wealth Management LLC
Baltimore-Washington Financial Advisors
Sia Capital Management INC.
Mycroft Research, LLC
State Registrations6 states
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.