Elmwood Wealth Management (EWM) offers both discretionary and non-discretionary asset management and financial planning services. EWM tailors portfolios to individual client goals, considering financial objectives, tax situations, and guidelines. They manage equities, balanced, and fixed income accounts using a total return philosophy. EWM has two service offerings: Full-Service, which includes ongoing financial planning, and Core Service, which includes financial planning only in the first year. Additional services such as tax preparation and coordination are available for an increased fee.
Fee Structure
Elmwood Wealth Management offers three primary service models with different fee structures:
- Full-Service Offering: Fees are based on a percentage of your portfolio, starting at 1.00% annually for amounts up to $2,000,000, decreasing for larger portfolios. There is a $10,000 minimum annual fee. This includes active investment management, ongoing financial planning, advice, and advisor meetings.
- Core Service Offering: Fees are based on a percentage of your portfolio, starting at 0.75% annually for amounts up to $2,000,000, decreasing for larger portfolios. There is a $5,000 minimum annual fee. This includes financial planning in the first year only. Additional financial planning and advisory meetings are billed hourly at $225/hour for advisors and $95/hour for staff.
- Fixed Income Offering: A flat 0.50% annual fee with a $2,500 minimum annual fee. This offering does not include financial planning.
Additional fees apply for Plus, Premier, and Platinum service options, which provide access to client portals, tax preparation, and other services.