Wealthspire Retirement, operating as Wealthspire Retirement Advisory, specializes in providing comprehensive consulting and investment advisory services to retirement plan sponsors, such as those managing 401(k), 403(b), and 457 plans. Wealthspire Retirement focuses primarily on governmental deferred compensation and defined contribution plans, offering services such as investment performance reviews, assistance with investment policy statements, requests for proposals for plan providers, fiduciary training for plan decision-makers, and health and welfare employee benefit consulting. Wealthspire Retirement does not directly manage individual investment portfolios or act as a custodian for client assets, instead providing non-discretionary advice and recommendations that plan sponsors or participants can implement. Wealthspire Retirement is an affiliate of Madison Dearborn Partners, which also owns other registered investment advisors and financial businesses.
Fee Structure
- Investment performance services (fixed fee) — $4,500 to $7,000 per plan, depending on the scope and complexity of the review
- Investment performance services (hourly) — up to $550 per hour depending on the project scope and duration
- Investment policy assistance (fixed fee) — $1,000 to $2,500, depending on the complexity of the policies requested
- Investment policy assistance (hourly) — up to $550 per hour
- Request for proposal services (fixed fee) — $24,000 to $75,000 depending on the project scope
- Request for proposal services (hourly) — up to $550 per hour
- Fiduciary training (general session) — $250 per person, with a 10% discount for 3 or more attendees from the same client
- Fiduciary training (exclusive session) — $4,500 to $7,500 depending on geographical location
- Health and welfare employee benefit consulting (fixed fee) — $15,000 to $110,000 depending on services and account size
- Health and welfare employee benefit consulting (hourly) — up to $550 per hour
- Health and welfare employee benefit consulting (percentage) — 0.25% to 5% of the insurance policy premium, depending on account size and complexity