Bay Harbor Wealth Management offers investment management and financial planning services. Investment management includes creating tailored portfolios with various securities, continuously monitoring, and rebalancing. They may use third-party advisors and platforms like AssetMark and DFA. Financial planning covers areas like retirement, estate, and tax planning. Clients receive individualized investment advice and can place reasonable restrictions on their portfolios.
Fee Structure
Bay Harbor Wealth Management's fee for managing your investments is a percentage of the total value of your portfolio. The maximum fee is 1.4% for accounts opened before June 10, 2025, and 1.25% for accounts opened after that date, as well as DFA managed accounts. This fee is billed quarterly in advance. If you deposit more than $1,000 during a quarter, the fee for that deposit is assessed later. Fees are generally waived for accounts with less than $1,000 in assets.