Preferred Wealth Advisors (PWA) offers investment management through third-party managers and financial planning services. PWA uses EQIS Capital Management and Orion Portfolio Solutions for asset management. PWA also recommends third-party managers and receives referral fees from them. Financial planning covers wills, estate plans, investments, taxes, insurance, retirement income, Social Security, and college planning. Seminars and workshops are also offered to educate the public.
Assets Under Management$6.3M
Clients35
Advisors1
Avg. per Client$180K
Avg. per Advisor$6.3M
Fee Structure
Preferred Wealth Advisors (PWA) offers investment management through various platforms and third-party managers. Here's a breakdown of the fees:
- EQIS Platform: Fees are charged by EQIS and include PWA's portion. The maximum annual fee ranges from 1.20% to 2.10% depending on the program (UMA or ETF) and the amount invested. PWA's maximum retention ranges from 0.60% to 1.15%.
- Orion Portfolio Solutions: PWA charges an annual advisory fee based on the amount managed, ranging from 0.50% to 1.00%. Orion also charges separate fees for administration, account maintenance, and strategist fees. The total annual fees for the Orion Portfolio Solutions Program may not exceed 2% of assets under management.
- Third-Party Managers (e.g., Gradient Investments): Fees vary depending on the portfolio type (Strategic, Tactical, Allocation & Defined Outcome, Preservation, Private Wealth) and are a percentage of assets under management. For example, Strategic Portfolios have a 2.00% annual fee, split between the third-party manager and PWA. Client Directed Accounts have a flat fee of $300 each for GI and PWA.
Fees may be negotiable, and accounts within the same household may be combined for a reduced fee.
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