Carolina Wealth Management, Inc. is an independent wealth management firm founded in 2004 with offices in North Carolina. Carolina Wealth Management provides personalized investment management and financial planning services to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and small businesses. The firm builds customized portfolios primarily using mutual funds, exchange-traded funds, equities, and fixed income securities. Carolina Wealth Management operates as a registered investment advisor and emphasizes a personalized approach, helping clients determine financial objectives, manage cash flow, plan for retirement, fund education, and address estate planning needs. The firm does not sell commissioned products like annuities or insurance directly, though certain staff members are licensed to offer insurance separately if appropriate. Portfolios can be managed on a discretionary or non-discretionary basis depending on client preference, and the firm generally requires a minimum account size of $500,000, which can be waived.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $2.0M | 0.80% |
| $2.0M - $5.0M | 0.70% |
| $5.0M - $10.0M | 0.50% |
| $10M+ | 0.50% |
Fees are negotiable over $10 million. The firm may also charge a fixed dollar amount instead of a percentage based on account size and complexity.