Virtuoso Wealth Management, owned by Raymond Russo, provides financial planning services to individuals, high net worth individuals, trusts, estates, businesses, and retirement plans. VWM may refer clients to unaffiliated money managers or investment platforms. VWM also offers retirement plan advisory services, acting as a limited scope fiduciary to advise plan sponsors.
Fee Structure
Virtuoso Wealth Management does not directly manage client investments. Instead, VWM refers clients to unaffiliated money managers or investment platforms. The total advisory fee, covering both VWM's services and the third-party manager's, typically doesn't exceed 1.65% of the client's assets but can reach 2.20% in some cases. VWM receives a portion of this fee from the third-party manager, generally not exceeding 1.2% of assets under management.