Frequently Asked Questions:
What services does Market Wealth Magement, LLC. provide?
The advisor provides full financial planning and investment advisory services, retirement planning, tax strategies, estate planning, and what is often times referred to as risk management; which is a review of one’s life, disability, umbrella and long-term care insurances.
How does your firm get paid?
Our primary source of compensation is fee-based. This means we charge a fee for the assets that our client’s have invested through our firm. When or if a client requires insurance coverage our firm may be compensated in the form of commissions based on the premiums paid.
What are your fees?
Our fee-based investment platforms feature one annual fee, which is calculated and billed quarterly and taken directly from a client’s account. There are no trading costs to the client, or sales charges.
Our current fee schedule is as follows:
$500,001 - $3,000,000
Accounts that exceed $10,000,000 are negotiable
How are the investment choices made within a client’s account?
Client’s accounts are “managed” accounts, where a money manager or team of money managers makes all investment decisions inside a client’s account. These are referred to as discretionary accounts.
What is a fiduciary?
The advisor acts as a fiduciary to its client’s accounts; meaning we are required to make recommendations regarding our client’s accounts based on what is in the client’s best interest.
What companies do you represent?
Our firm is independent in every sense of the word; we work with several different money managers and dozens of highly rated insurance carriers to meet our client’s needs. We do not have any proprietary products to push on clients.
Do you have an account minimum for someone to become a client?
No, we do not have a minimum account size. We believe ethical, competent, advice and solutions should be available to all consumers, whether they have $1000 or $10,000,000.
Do you do account reviews? If so, how often?
Not only do we conduct annual reviews with ALL clients, we require it. Account reviews do not always have to be face-to-face in our office meetings; but we require once a year contact with clients via phone, fax, email, or even smoke signals…although we have yet to have anyone chose this method.
What is a Wealth Management Plan? And, how does it benefit me?
A Wealth Management Plan is a thorough analysis of all things financial in your life. It examines all three financial stages a client will go through; accumulation-distribution-legacy planning. It is a review of where your money is invested, how much you will need for a child’s / grandchild’s education, insurance needs, mortgages, charitable giving, retirement, special needs analysis, risk tolerance, long-term care, tax-strategies, and more. Think of it as a road map that helps you get from point A to point B.