New Generation Wealth Management offers financial planning services and refers clients to third-party investment managers (TPMs) like Gradient Investments, LLC. New Generation gathers information about your finances and goals, then recommends a suitable TPM. New Generation monitors the TPM's performance and acts as a liaison between you and the TPM. The firm also holds educational seminars and workshops. Kory Holker, the owner, is also a licensed insurance agent and tax preparer.
Fee Structure
New Generation Wealth Management does not directly manage your investments. Instead, they recommend third-party managers (TPMs) like Gradient Investments, LLC. The fees for these managers vary depending on the portfolio type:
- Strategic Portfolios: 2.00% annually (1.00% to the TPM, 1.00% to New Generation)
- Tactical Portfolios: 1.80% annually (0.80% to the TPM, 1.00% to New Generation) plus internal ETF fees of 0.20%
- Allocation & Defined Outcome Portfolios: 1.70% annually (0.70% to the TPM, 1.00% to New Generation)
- Preservation Portfolios: 1.00% annually (0.40% to the TPM, 0.60% to New Generation)
- Private Wealth Portfolios: 1.50% annually (0.50% to the TPM, 1.00% to New Generation)
- Client Directed Accounts: Flat fee of $300 annually to the TPM, $0 to New Generation
These fees are negotiable and assessed quarterly. There is also a $15 quarterly service fee for technology and reporting.