Fortitude Private Wealth is a financial planning and investment management firm. They offer asset management services where they manage client investments with the authority to make trades without asking first. They also provide financial planning services covering topics like estate plans, investments, taxes, insurance, retirement, and college planning. Fortitude Private Wealth also provides service to qualified retirement plans including 401(k) plans, 403(b) plans, pension and profit sharing plans, cash balance plans, and deferred compensation plans.
Fee Structure
Fortitude Private Wealth manages investments for a fee based on the value of your portfolio. The fee is calculated annually, but charged quarterly in advance. The annual fee is negotiable and may be reduced for combined household accounts. There are different fee schedules depending on whether your assets are held at Fortitude Private Wealth's chosen custodian or held away at an outside custodian.
Assets Managed at Fortitude Private Wealth's Custodian:
- Up to $249,999: 1.50% per year
- $250,000 to $499,999: 1.25% per year
- $500,000 - $749,999: 1.15% per year
- $750,000 - $999,999: 1.00% per year
- $1,000,000 - $2,999,999: 0.90% per year
- $3,000,000 - $4,999,999: 0.80% per year
- $5,000,000 - $9,999,999: 0.65% per year
- $10,000,000 +: 0.50% per year
Assets Managed Away from Fortitude Private Wealth's Custodian:
- Up to $249,999: 1.75% per year
- $250,000 to $499,999: 1.50% per year
- $500,000 - $749,999: 1.40% per year
- $750,000 - $999,999: 1.25% per year
- $1,000,000 - $2,999,999: 1.15% per year
- $3,000,000 - $4,999,999: 1.05% per year
- $5,000,000 - $9,999,999: 0.90% per year
- $10,000,000 +: 0.75% per year