Wallach Planning & Investments, managed by Andrew Wallach, provides investment advisory and financial planning services. The firm manages investments through a wrap fee program, where advisory, custody, and brokerage services are bundled into one fee. While financial planning is encouraged, it's a separate service. Wallach works with clients to assess risk tolerance and select appropriate investments, but this isn't the same as comprehensive financial planning.
Fee Structure
Wallach Planning & Investments manages investments through a wrap fee program. The annual fee ranges from 0.376% to 1.6% of your portfolio, calculated quarterly. This fee covers investment advice, risk management, and trading/custody services. The fee is lower for investments in cash, money market funds, bonds, mutual funds, and ETFs compared to stocks. Formal financial planning is not included in this program and requires an additional hourly fee.