UMB Private Wealth Management, LLC provides personalized investment management and financial planning services primarily for retail clients with a net worth of $1 million or more, as well as managing private investment vehicles. For retail clients, UMB Private Wealth Management builds customized portfolios using individual stocks, bonds, exchange-traded funds, mutual funds, and separately managed accounts, operating mainly on a discretionary basis where the firm makes trades on the client's behalf. Advisors work closely with clients to understand their specific goals, time horizons, and risk tolerance, creating a tailored Investment Policy Statement to guide portfolio construction. The firm also offers financial planning services covering cash flow, retirement, taxes, estate planning, and business succession, which are often provided on a complimentary basis for investment management clients or can be structured as separate engagements. UMB Private Wealth Management is a wholly-owned subsidiary of UMB Financial Corporation and works with affiliated entities to deliver comprehensive wealth management solutions.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.25% |
| $1.0M - $3.0M | 1.15% |
| $3.0M - $5.0M | 1.00% |
| $5.0M - $10.0M | 0.80% |
| $10.0M - $15.0M | 0.70% |
| $15.0M - $25.0M | 0.60% |
| $25.0M - $50.0M | 0.55% |
| $50M+ | 0.50% |
Fees are billed monthly in arrears based on the average daily balance. Minimum household fee is $5,000.