Firm Info
Firm Size
Services Offered
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
- Other
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
- Other Investment Advisors
- Corporations or Other Businesses Not Listed Above
- Other
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
Watters Financial Services, LLC Overview
WATTERS FINANCIAL SERVICES, LLC is a fee-only Registered Investment Advisory firm based in Paramus, NJ. Since its inception in 2020, the firm has been dedicated to providing investment advice only to its clients. As a result, they do not accept commissions or brokerage fees, ensuring that clients receive unbiased and conflict-free advice. The firm specializes in portfolio management for individuals and small businesses. They offer customized investment solutions to help clients achieve their financial goals while minimizing risk. Additionally, the firm provides pension consulting services, guiding clients through the complex world of retirement planning and pensions. WATTERS FINANCIAL SERVICES, LLC also offers a one-time portfolio review service. This service evaluates a client's current investment portfolio and offers recommendations to optimize returns and minimize risks. This can be a valuable service for those looking to adjust their investment strategy or for those who want to ensure that they are on the right track to meet their financial goals. Overall, WATTERS FINANCIAL SERVICES, LLC is a comprehensive investment advisory firm that caters to a variety of clients, from individuals to small businesses.
WATTERS FINANCIAL SERVICES, LLC is a full-service financial firm that caters to a broad range of clients. Their impressive client base includes individuals, high net worth individuals, pension or profit sharing plans, other investment advisors, and various corporation types. The team at WATTERS FINANCIAL SERVICES, LLC is dedicated to providing personalized services to all of their clients, ensuring that each receives the attention and assistance needed to achieve their financial goals. Additionally, they are equipped to serve many other types of clients, making their services widely accessible. When it comes to fee structures, WATTERS FINANCIAL SERVICES, LLC understands that each client has unique needs and objectives. As a result, they offer various fee structures depending on the service provided. Clients can choose to pay a percentage of their assets under management (AUM) or opt for fixed fees. The AUM fee is calculated as a percentage of the total value of the assets managed by the firm. Alternatively, fixed fees are set amounts charged for specific services rendered. Regardless of the chosen fee structure, clients can rest assured that they are paying a fair price for high-quality financial services from a team of experienced professionals.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for WATTERS FINANCIAL SERVICES, LLC does not mention an investment minimum. However, it does note that minimum account requirements and advisory fees may vary among clients based on the terms in effect at the time they entered into the advisory relationship. This suggests that the firm may not have a standard investment minimum and instead determines it on a case-by-case basis.
How This Office Can Help Bergen County, NJ Residents
Watters Financial Services LLC is a trusted financial advisor that provides comprehensive financial planning and investment management services to clients in Bergen County, NJ. The firm understands that residents of Bergen County face unique financial challenges, such as high living costs, property taxes, and expenses associated with family care. Therefore, the firm's professionals work closely with each client to provide tailored solutions that address their specific financial situations. Watters Financial Services LLC provides a variety of services, including retirement planning, investment management, tax planning, and estate planning. Their experienced professionals use a collaborative approach to identify each client's goals and develop a personalized financial plan that will help them achieve those goals. In addition, the firm provides ongoing support and guidance to help clients navigate life-changing events such as divorce, job loss, or the death of a loved one. Watters Financial Services LLC is dedicated to helping clients in Bergen County, NJ achieve financial security and independence.
Services Offered by Watters Financial Services, 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 Watters Financial Services, 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.
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
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.
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
- Mon 9 AM–6 PM
- Tue 9 AM–6 PM
- Wed 9 AM–6 PM
- Thu 9 AM–6 PM
- Fri 9 AM–6 PM
- Sat Closed
- Sun Closed
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Watters Financial Services, LLC is registered to service clients in the following states:
- California
- Connecticut
- Florida
- Massachusetts
- New Hampshire
- New Jersey
- New York
- North Carolina
Disciplinary History
Watters Financial Services, LLC does not have any disclosures. Please visit it's Form ADV for more details.