Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
M.c. Byrd Wealth Management, LLC Overview
M.C. Byrd Wealth Management, LLC is an investment advisory firm that offers fee-only financial services. The firm has its headquarters in Bellville, TX, and has been in operation since 2015. M.C. Byrd Wealth Management specializes in providing investment advice and portfolio management to both individuals and small businesses. The firm's services include financial planning, pension consulting services, and the selection of other advisors. M.C. Byrd Wealth Management specializes in helping clients make the most of their investments through customized financial planning strategies and carefully curated portfolio management. As a registered investment advisory firm that provides investment advice only, M.C. Byrd Wealth Management is built upon the foundation of providing unbiased advice that puts the client's interests first. With a focus on transparency and personalized service, the firm is dedicated to helping clients achieve their financial goals and build wealth over time.
M.C. BYRD WEALTH MANAGEMENT, LLC serves a diverse set of clientele. These clients include individuals, high net worth individuals, pension or profit sharing plans, and a range of other corporation types. The firm's comprehensive financial planning and wealth management services are tailored to address the unique needs and goals of each client. With strategic insights and innovative solutions, M.C. BYRD WEALTH MANAGEMENT, LLC navigates complex financial landscapes and helps clients achieve their long-term aspirations. M.C. BYRD WEALTH MANAGEMENT, LLC offers a variety of fee structures depending on the service provided. Clients have the option to choose from percentage of assets under management (AUM), hourly fees, or fixed fees. The percentage of AUM fee structure is a popular option for clients with significant assets, as the fee charged is directly proportional to the value of assets managed. The hourly fee structure is useful for clients who require specific, one-off services such as tax planning or estate planning. The fixed fee structure is beneficial for clients who know exactly what services they require and prefer to pay a set fee for those services. M.C. BYRD WEALTH MANAGEMENT, LLC prides itself in offering flexible fee structures that cater to its clients' individual needs.
Typical Clients, Fee Structures & Investment Minimum
According to the note about investment minimums in M.C. Byrd Wealth Management, LLC's Part 2 Brochure, the firm does not require a minimum account size for opening or maintaining an account. Therefore, there is no investment minimum mentioned in their Part 2 Brochure.
How This Office Can Help Bellville, TX Residents
M.C. Byrd Wealth Management is dedicated to helping its clients in Bellville, TX, achieve their financial goals and live a comfortable life. The firm's experienced team of financial planners understands that residents of Bellville may be facing unique financial situations and challenges that require tailored solutions. For example, many residents in Bellville may be preparing for retirement and need help creating a sound financial plan to ensure they have enough money to enjoy their golden years. Others may be facing financial challenges such as paying off debt, saving for their children's education, or managing unexpected medical expenses. The team at M.C. Byrd Wealth Management takes a holistic approach to financial planning, focusing on each client's goals and creating a customized plan that addresses their unique needs and circumstances. Whether you're just starting your career or getting ready to retire, M.C. Byrd Wealth Management has the expertise and resources to help you achieve financial independence and security.
Services Offered by M.c. Byrd Wealth Management, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by M.c. Byrd Wealth Management, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
This firm has no other locations.
State Registrations
M.c. Byrd Wealth Management, LLC is registered to service clients in the following states:
- California
- Florida
- Louisiana
- New York
- Ohio
- Oklahoma
- Texas
Disciplinary History
M.c. Byrd Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.