Wealth Management Partners of MI (WMP) offers personalized investment advice and financial planning. WMP uses third-party money managers (Matson Money and Efficient Advisors) for investment management. WMP helps clients with risk management, financial planning, portfolio asset allocation, retirement needs analysis, college planning, and retirement plan establishment. WMP meets with clients at least annually to review their progress toward financial goals.
Fee Structure
Wealth Management Partners of MI (WMP) works with third-party portfolio managers. Your fees are based on the market value of your account and are directly deducted from your account. The total fee depends on the third-party manager you use. WMP is compensated by sharing a portion of the investment advisory fees charged by these firms.
Details vary depending on whether you use Matson Money or Efficient Advisors. You will also pay fees charged by the mutual funds and exchange-traded funds in your portfolio.