Sumnicht & Associates is an independent family wealth manager that provides family office services to high-net-worth clients. Although the firm retired from the general retail investment advisory business in 2021 and is no longer accepting new investment clients, it continues to manage an investment relationship for one family and holds assets under management. The firm's multidisciplinary team approach coordinates financial coaching, wealth management, risk management, retirement planning, tax planning, trust and estate planning, charitable giving, legacy planning, and business planning. Sumnicht & Associates primarily utilizes exchange-traded fund-based allocation models, including those managed by its affiliate company, iSectors, and partners with Envestnet as a third-party platform administrator for portfolio reporting and fee remittance. Sumnicht & Associates also provides trust administration services.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.25% |
| $500K - $1.0M | 1.00% |
| $1.0M - $2.5M | 0.90% |
| $2.5M - $5.0M | 0.80% |
| $5.0M - $7.5M | 0.70% |
| $7.5M - $10.0M | 0.60% |
| $10.0M - $50.0M | 0.50% |
| $50M+ | 0.50% |
Fees for accounts over $50 million are negotiable. Accounts under $500,000 are accepted on a case-by-case basis at an annual fee of 1.25%.