Wealth Management Group (WMG) provides financial planning and investment management services to individuals and institutions. WMG offers personalized financial plans covering tax, investment, retirement, estate, business, education, and insurance planning. WMG also manages investment portfolios on a discretionary or non-discretionary basis. Additionally, WMG provides mutual fund asset allocation, retirement plan consulting, and 401k plan management services.
Fee Structure
WMG offers investment management services where you pay a percentage of your portfolio's value each year. This fee is negotiated with your advisor and can range from 0.25% to 2.5% depending on the type of service and your account's investment goals. The fee can be a fixed rate or tiered rate. The fee is deducted from your account by the custodian either monthly or quarterly, in advance. For example, a growth portfolio might have the following tiered fee schedule:
- $0 up to $250,000 — 1.25%
- $250,001 up to $500,000 — 1.20%
- $500,001 up to $750,000 — 1.15%
- $750,001 up to $2,000,000 — 1.05%
- $2,000,001 and above — 1.00%