Ascension Wealth Advisors provides financial planning and consulting services on an ongoing basis to help clients understand their financial situation and set objectives. They offer full and modular written financial plans covering various topics. They also refer clients to unaffiliated third-party money managers for asset management, assisting with risk tolerance assessment and manager selection. Ascension Wealth Advisors acts as a communication link between clients and the third-party managers but does not have trading authority.
Fee Structure
Ascension Wealth Advisors does not directly manage investments. Instead, they recommend third-party money managers who charge fees based on a percentage of the assets they manage, with a maximum fee of 1.50%. Ascension Wealth Advisors may receive up to 25% of the money manager's fee as a referral fee, with client approval. Clients with $20 million or more of assets under management with recommended third-party managers may receive financial planning and consulting services at no additional cost.