Anchin Wealth Management refers clients to third-party money managers who handle investment decisions and manage client accounts. Anchin receives a portion of the fees charged by these managers as a referral fee. While Anchin can answer questions and act as a liaison, the third-party managers have full authority over investment choices. Anchin has a conflict of interest because it only recommends managers who pay them.
Fee Structure
Anchin Wealth Management does not directly manage your investments. Instead, they connect you with third-party money managers who will manage your account. These managers charge fees based on a percentage of your assets. Anchin receives up to 35% of the management fee charged by the third-party manager as a referral fee. For example, if a manager charges 1.25% annually on a $1,000,000 account, Anchin could receive up to $4,375.