Satovsky Asset Management (SAM) is a wealth management firm offering financial planning, wealth management, and investment advisory services to high-net-worth individuals, trusts, estates, retirement plans, businesses, and charities. SAM provides tailored investment strategies based on client goals and risk tolerance, with a preference for passive, tax-advantaged investments. SAM also offers consulting services on various financial matters, including tax and estate planning. SAM partners with Betterment for Advisors for its Technology-Forward Investing Solution.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.50% |
| $1.0M - $10.0M | 1.00% |
| $10.0M - $25.0M | 0.50% |
| $25.0M - $50.0M | 0.40% |
| $50M+ | 0.30% |
Related client accounts may be aggregated for fee calculation. Fees may be negotiable. Minimum quarterly fee of $2,500. SAM's TFIS through Betterment is provided for the same fee schedule above subject to platform limitations and is calculated based on the average daily portfolio value of Client assets managed by Betterment payable on the last business day of the quarter in arrears. Betterment remits payment to SAM on behalf of Client. Betterment services include custody, account opening, execution, technology, trading, automate rebalancing and asset location. For these services, SAM has negotiated a platform fee-based relationship which currently ranges between 0.12% to 0.20% annually. This Platform fee is a separate fee apart from SAM’s management fee charged for such TFIS assets under management and is debited to each Client account directly by Betterment based on the average daily portfolio value of Client assets.