Open Wealth Network (OWN) manages investment portfolios and offers financial planning services, including estate, college, and insurance planning. OWN also provides employee benefit plan services to employer plan sponsors. Financial planning can be project-based or ongoing. OWN may recommend unaffiliated independent investment managers. Clients are responsible for notifying OWN of any changes in their financial situation or investment objectives.
Assets Under Management$51M
Clients77
Advisors1
Avg. per Client$670K
Avg. per Advisor$51M
business.tricountyareachamber.com/list/member/o... ·openwealthnetwork.com ·www.feeonlynetwork.com/financial-advisor/michae...
Fee Structure
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 1.50% |
| $250K - $500K | 0.90% |
| $500K - $1.0M | 0.80% |
| $1.0M - $1.5M | 0.70% |
| $1.5M - $2.0M | 0.60% |
| $2.0M - $2.5M | 0.50% |
| $2.5M - $3.0M | 0.40% |
| $3M+ | 0.30% |
The annual fees are negotiable. A negotiated flat fee may be charged as an alternative to the standard advisory fee.
Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
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