Lee Hyder and Associates Wealth Management provides investment advice and may recommend third-party asset managers to manage client portfolios. Lee Hyder acts as a co-advisor between the client and the third-party manager. The firm also offers portfolio consulting services, seminars, workshops, and portfolio analysis. They benefit financially from recommending rollovers when it's in the client's best interest.
Fee Structure
Lee Hyder and Associates Wealth Management does not directly manage investments. Instead, they recommend third-party asset managers like Matson Money or Efficient Advisors.
For clients using Matson Money, the fee is up to 1.05% of assets managed, negotiable based on assets and portfolio chosen. For Efficient Advisors, the fee is up to 1.75%, also negotiable. These fees are charged quarterly in advance, and clients receive a pro-rata refund if they terminate the agreement within the quarter.