Optimum Financial Services provides investment advice and manages portfolios for individuals, high net worth individuals, trusts, businesses, and retirement plans. They create customized investment strategies using mutual funds and exchange-traded funds, and may also use alternative investments. Optimum also offers investment consulting services, including general investment plans and portfolio reviews. They may recommend Betterment Institutional, a robo-advisor, for some clients.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.00% |
| $500K - $1.0M | 0.90% |
| $1.0M - $2.0M | 0.80% |
| $2.0M - $5.0M | 0.70% |
| $5.0M - $10.0M | 0.60% |
| $10M+ | 0.60% |
Schedule shown is for client portfolios comprised of individual stocks, or portfolios that contain a portion of individual stocks and fixed income securities, mutual funds, and exchange-traded funds. Fees may be negotiable for accounts over $10,000,000. Other fee schedules apply based on portfolio composition. Accounts with $150,000 or less comprised of fixed income securities, mutual funds, and exchange-traded funds are charged an annual rate of 1.00%.