The Renn Wealth Management Group (RWMG) provides investment management and financial planning services tailored to each client's individual needs. RWMG selects investment programs based on a client's risk profile, wealth management goals, and long-term objectives. RWMG may use sub-advisers to manage a portion of client accounts. RWMG also offers financial planning services, ranging from broad-based to single-subject planning, to help clients achieve their financial goals.
Fee Structure
Renn Wealth Management Group offers several investment account options, each with its own fee schedule. The annual fee is based on a percentage of your portfolio and is paid quarterly in advance. The fee is calculated based on the value of your account on the last business day of the previous quarter.
Here are the different account options and their fees:
- AMBASSADOR Account: All-inclusive advisory fee with no additional transaction charges. Minimum account size is $25,000.
- Raymond James Consulting Services (RJCS): Access to portfolio managers. Minimum account size varies.
- FREEDOM: Fee-based asset allocation platform with mutual fund models. Minimum account size is $50,000.
- FREEDOM UMA: Fee-based asset allocation platform combining separately managed accounts and mutual funds. Minimum account size is $300,000.
All fees may be negotiable within the stated fee schedule.