Simplified Wealth Management is a registered investment advisor based in Hattiesburg, Mississippi, founded in 2018 and owned by Kevin McCormick. The firm provides discretionary and non-discretionary investment advisory services to individuals, helping clients define goals, evaluate risk tolerance, and build customized portfolios using asset allocation strategies across stocks, bonds, mutual funds, and annuities. Simplified Wealth Management also offers participant account management for retirement accounts held away from the firm. Portfolios are reviewed at least quarterly, and clients can place reasonable restrictions on the types of investments in their accounts. In addition to investment management, the firm provides general consulting and financial planning services as part of its asset management fee. Some representatives are also licensed insurance agents and may offer commission-based insurance products through a separate entity, creating a potential conflict of interest that clients are under no obligation to utilize.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 2.00% |
| $500K - $1.0M | 1.75% |
| $1.0M - $1.5M | 1.50% |
| $1.5M - $2.0M | 1.00% |
| $2.0M - $3.0M | 0.75% |
| $3M+ | 0.50% |
Fees are negotiable at the firm's discretion.