Bluemound Asset Management is an investment advisory firm founded in 2010 and owned by Kirk Spano. The firm primarily serves affluent individuals, families, and small businesses. Bluemound offers discretionary asset management using strategies such as global exchange-traded funds, growth stocks, dividend stocks, and retirement income options. In addition to investment management, Bluemound provides manager-of-managers services and hourly financial consulting for retirement planning, estate planning, and self-directed portfolio management. Bluemound utilizes software to help clients explore financial scenarios like college savings and retirement income, though comprehensive financial planning is generally kept incidental to the investment plan.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.25% |
| $1.0M - $2.0M | 1.00% |
| $2M+ | 0.75% |
Fees are negotiable. New accounts also incur a one-time $800 planning and administration fee.