Magen Wealth Management provides personalized investment management and consulting services for individuals, high net worth and ultra-high net worth families, trusts, estates, and private funds. Magen Wealth Management builds tailored portfolios using a broad range of assets including stocks, exchange-traded funds, mutual funds, bonds, government securities, currencies, certificates of deposit, and options contracts for risk management. The firm operates on both a discretionary basis, where Magen Wealth Management makes trades without prior consultation, and a non-discretionary basis, where clients approve each transaction. Magen Wealth Management also advises private investment funds, such as the Noga Multi Strategy Income Portfolio and Magen Opportunity Fund. Led by sole principal Neer Hodorov, Magen Wealth Management focuses on aligning investment strategies with each client's specific financial goals, risk tolerance, and cash flow needs.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 2.00% |
| $1.0M - $5.0M | 1.75% |
| $5.0M - $10.0M | 1.50% |
| $10.0M - $20.0M | 1.00% |
| $20.0M - $50.0M | 0.88% |
| $50M+ | 0.75% |
Fees are negotiable. Firm also offers a discounted asset-based schedule combined with a 15% performance-based fee for qualified clients.