Preservation Wealth Management offers investment management services, where they manage your investments based on your goals and risk tolerance. They may also recommend using third-party managers to handle your portfolio. Preservation Wealth Management also offers a review of financial topics such as wills, estate plans, investments, and taxes at no additional cost. Steven Suib, the owner, is also a licensed insurance agent and may recommend insurance products, which presents a conflict of interest.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.50% |
| $500K - $1.0M | 1.25% |
| $1M+ | 1.00% |
Fees are not negotiable. Preservation Wealth Management may group certain related Client accounts for the purposes of achieving the minimum account size and determining the annualized fee. Preservation Wealth Management may also utilize the services of a Sub-Advisor to manage Clients’ investment portfolios by executing a Sub-Advisor agreement with other registered investment advisor firms. When using Sub-Advisors, the Client will pay additional fees depending on the account value, investment style and types of securities used. The sub-advisor fees will be disclosed to and acknowledged by the client in Preservation Wealth Management’s Investment Advisory Agreement. The sub-advisor’s fees and the custodian’s fees are not included in the fees charged by Preservation Wealth Management. Sub-Advisor directly deducts their portion of the fee separately from Preservation Wealth Management. Preservation Wealth Management may offer clients the Morningstar Managed Portfolios program (“Program”). Preservation Wealth Management’s fee will not exceed 1.10%. Morningstar’s fee, depending upon the portfolio selected, will not exceed .55%.