Potential Wealth Management offers investment management services, primarily advising on stocks and exchange traded funds. The firm tailors its advice to each client's needs and goals. Potential Wealth Management generally manages client accounts with the authority to make trades without asking first, after agreeing on investment objectives and asset allocation.
Fee Structure
Potential Wealth Management charges a percentage of the assets they manage and may also charge a percentage of the profits earned in your account. The specific fees are negotiated with each client. The asset-based fee can be up to 2.50% per year, and the performance-based fee can be up to 20% of the annual net profits. These fees are deducted from your account by Interactive Brokers, the firm holding your assets.