Exceptional Value
The ZWM Difference
Capped fees
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It doesn't require a lot more work to manage a $20million portfolio relative to a $1million portfolio. But, the fee at 0.5% is $100k vs, $5k in this example. Is your advisor doing 20 times more work?
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I try to think of my time in terms of an hourly rate. Financial services is one of the few industries I can think of where professionals are not paid based on the time they spend. Lets say you have $5mil in investable assets. Many firms charge you 1% to manage that alongside underlying fees, like mutual fund fees or 3rd party manager fees. Our underlying expense fees are typically below 0.20%, and there are no 3rd party fees. Just looking at your advisor fee of 1% on a $5million portfolio, you’d incur a $50k annual fee. Even at 0.5% which would be considered a bargain in the industry, you’d may $25k in fees. So, if you are working with an advisor in this situation, are you getting $25k-$50k in value? If so that’s great, but if not give me a call.
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Now let’s say you want to go with a Roboadviser and get very low fees. Those are going to be anywhere from 0.15-0.25% at the low end which would be $7,500-12,500. With this you are dealing with a call center which may not be located in the United States. What if you have a complex question? Are you prepared to deal with a chat box and/or long hold times for this “low” cost?
No Financial Planning Minimums
Many if not most financial planning firms charge a minimum of $2000-$2500 for financial planning. I charge an hourly rate with no minimum. So maybe you just have basic question like: Am I investing in my 401k correctly; what would be more beneficial, Roth or Pretax investments; What pension option makes most sense? Any of these can typically be answered if far less time that it would take for me to accrue $2000 in fees. Come by my office and buy an hour of my time. It'll cover a lot of information and cost you a fraction of typical advisor minimums.
Happy To Work With Anyone
Large firms which are household names won't even talk to you if you have under $250k to invest. Many other firms will sell high cost products that generate high commissions to clients with smaller balances,or overcomplicate things. ZWM offers fee-only, fiduciary, straight-forward advice to everyone.
Client Limits
Limiting number of families to 100 to ensure proper service levels