wealthMD Corporation provides asset allocation and ongoing investment management services on a discretionary basis. The firm tailors investment portfolios to match each client's goals, time horizon, and risk tolerance, primarily utilizing mutual funds and exchange-traded funds allocated across model portfolios. In addition to general investment services, wealthMD operates a specialized division called retireRN, which is dedicated to the financial needs of nursing care technicians, registered nurses, and advanced practice registered nurses. Clients' assets are generally held at independent custodians such as Fidelity Investments, TIAA-CREF, and American Funds. wealthMD does not charge performance-based fees and offers its advisory services through a tiered fee schedule based on the total value of assets under management.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 2.00% |
| $250K - $500K | 1.75% |
| $500K - $750K | 1.50% |
| $750K - $1.0M | 1.25% |
| $1M+ | 1.00% |
Fees are negotiable, but the firm will not charge less than 1% on client assets except for employees, family of employees (whose fees are waived), and advisory board members who pay a discounted rate of 1%.