Kennon Wealth Management refers clients to third-party investment managers. They gather information about your financial situation and objectives and then recommend a third-party manager. Kennon Wealth Management monitors the performance of the third-party manager to ensure their performance and investment style remains aligned with your investment goals and objectives. Kennon Wealth Management receives referral fees from the third-party managers.
Fee Structure
Kennon Wealth Management refers clients to third-party investment managers, such as Gradient Investments and Steele Capital Management.
Gradient Investments offers several portfolio types, including Strategic, Tactical, Allocation & Defined Outcome, Preservation, and Private Wealth Portfolios. The annual fee for these portfolios is a percentage of the assets managed. For Client Directed Accounts, Gradient Investments charges a flat fee of $300 per year.
Steele Capital Management's fees are negotiated as a percentage of assets under management, not to exceed 1.5% annually for individual accounts. For retirement accounts, the fees will be either a minimum flat fee of $20,000, an hourly rate between $100 to $450, or a maximum annualized rate of 1.25% of plan assets.