Hidden Cove Wealth Management offers private wealth management, combining portfolio management with financial planning. They also offer financial planning as a standalone service, covering budgeting, risk management, estate planning, tax planning, retirement planning, investment planning, and education funding. HCWM also provides retirement plan consulting services to qualified retirement plans and their fiduciaries.
Fee Structure
Hidden Cove Wealth Management charges an annual fee based on the value of your portfolio. The percentage decreases as your portfolio grows. There are different rates for different types of accounts:
- Maintenance & Holding Accounts: 0.18% - 0.20%
- Short Term Liquidity Accounts: 0.18% - 0.20%
- Asset Management Accounts: 0.50% - 1.15%
- Equity/Direct Indexed SMA Accounts: 0.50% - 1.15%
- Fixed Income SMA Accounts: 0.35% - 0.48%
Fees are deducted from your account monthly in advance. There is a $2,500 minimum annual fee for private wealth management services.