Altitude Wealth Management refers clients to third-party money managers (TPMs) and monitors their performance. They also offer financial planning services to clients who use their asset management services, covering investments, taxes, retirement, college planning, Social Security, and insurance. Altitude receives referral fees from the TPMs they recommend.
Fee Structure
Altitude Wealth Management refers clients to Gradient Investments, LLC (GI), a third-party money manager. GI offers various actively managed portfolios, and the fees are a percentage of your portfolio. Altitude receives a portion of GI's fees. Here's a breakdown of the annual fees:
- Strategic Portfolios: 1.70% (GI: 0.70%, Altitude: 1.00%)
- Tactical Portfolios: 1.65% (GI: 0.65%, Altitude: 1.00%)
- Allocation & Defined Outcome Portfolios: 1.55% (GI: 0.55%, Altitude: 1.00%)
- Preservation Portfolios: 1.00% (GI: 0.40%, Altitude: 0.60%)
- Client Directed Accounts: $300 (GI: $300, Altitude: $0)
These fees are negotiable and assessed quarterly based on the value of your portfolio at the end of the quarter. GI deducts the fees directly from your account with your written authorization.