Local Wealth Management (LWM) offers investment management and financial planning services. LWM works with clients to establish financial goals and values, then creates a personalized investment policy and manages a portfolio based on that policy. LWM also provides financial planning services covering areas like retirement, cash flow, estate, and tax planning. LWM may use outside managers to assist with investment management. LWM also manages private investment funds for qualified investors.
Fee Structure
Local Wealth Management charges a flat annual fee of up to $40,000 for wealth management services, which includes investment management. This fee is paid quarterly. The final fee is negotiable and outlined in the advisory contract. If LWM uses an outside manager, the client will also pay the outside manager's fee, but the combined fee will not exceed 2% of assets under management. Financial planning is included at no additional fee.