Lanes Wealth Management offers ongoing investment management services based on your financial situation, investment goals, and risk tolerance. They actively monitor your account and provide advice on buying, selling, or holding investments. Lanes Wealth Management primarily invests in mutual funds, ETFs, stocks, bonds, and other securities. They may recommend rolling over retirement accounts to an IRA, which presents a conflict of interest.
Fee Structure
Lanes Wealth Management charges a percentage of your portfolio's value annually for investment management. The annual fee generally ranges from 0.70% to 1.50%. The exact fee is negotiable and will be specified in your client agreement. Fees are billed quarterly, based on the average daily balance of your account over the last three months. Some clients may be charged a performance-based fee.