Central Wealth Management is a registered investment advisor based in Madison, Wisconsin, founded in 2018 and wholly owned by Eric Heiting. Central Wealth Management provides discretionary and non-discretionary investment management, asset allocation, and financial planning consulting services tailored to individual needs and risk tolerances. The firm assists clients with retirement planning, risk management, estate planning, and financial organization. Central Wealth Management primarily serves individuals and high-net-worth individuals, with no minimum account size required to open an account. In addition to traditional investment strategies, the firm offers certain qualified clients the option to invest in private investments through an affiliated entity, Vario Equity.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 1.30% |
| $250K - $500K | 1.20% |
| $500K - $1.0M | 1.05% |
| $1.0M - $2.0M | 0.95% |
| $2.0M - $5.0M | 0.90% |
| $5.0M - $10.0M | 0.75% |
| $10M+ | 0.60% |
Central Wealth Management has the sole discretion to negotiate fees that are lower than the standard fee or to waive fees. Fees are charged monthly in advance based on the market value of assets on the last business day of the previous month.