Amida Wealth Advisors offers financial planning and portfolio management services. Financial planning covers areas like net worth assessment, retirement planning, and estate planning. For portfolio management, Amida Wealth uses third-party sub-advisers for back-office support and trading. Amida Wealth helps clients select a sub-adviser and monitors the account, but the sub-adviser has authority to make trades without client consent. Clients can also receive ad hoc consulting services for specific financial matters.
Fee Structure
Amida Wealth offers portfolio management services, but does not directly manage client assets. Instead, Amida Wealth recommends a third-party sub-adviser to manage the account. The maximum management fee charged by Amida Wealth is 1.0%. The sub-adviser also charges a separate fee, typically between 0.35% and 1.00%. The total combined fee will not exceed 2.0%. Amida Wealth does not bill clients directly; the sub-adviser calculates and deducts the fees. Amida Wealth's fee is negotiable.