Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Publication of Periodicals or Newsletters
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
Holder Wealth Management Overview
Holder Wealth Management is a fee-only registered investment advisory firm based in Champaign, IL. Founded in 2018, the firm provides investment advice only with a focus on financial planning and portfolio management for individuals and small businesses. Holder Wealth Management prides itself on its fee-only structure, which means that their compensation is based solely on the advice they provide, rather than on the products they sell. This approach ensures that the firm always acts in the best interests of its clients. Holder Wealth Management's headquarters is located in Champaign, IL, but the firm serves clients across the country. Their team of experienced financial professionals works closely with clients to create personalized investment strategies that align with their unique goals and risk tolerance. As a fee-only firm, Holder Wealth Management is committed to transparency and always strives to provide the most cost-effective solutions for their clients. In addition to financial planning and portfolio management services, Holder Wealth Management also publishes periodicals and newsletters to keep clients informed and up-to-date on the latest industry trends and market developments. Overall, the firm is dedicated to helping individuals and small businesses achieve financial security and success.
billing fixed retainer commission-based compensation HOLDER WEALTH MANAGEMENT specializes in providing expert financial advisory services to a diverse range of clients. The firm caters to individuals, high net worth individuals, pension or profit sharing plans, and various other corporation types. The firm's seasoned team of financial experts doesn't discriminate and is committed to providing strategic advice that is tailored to meet the specific needs of each client. HOLDER WEALTH MANAGEMENT offers diverse fee structures, which are mainly determined by the services provided. Clients can choose from percentage of AUM, hourly billing, fixed retainer; and commission-based compensation in certain cases. Percentage of AUM refers to an advisory fee that is calculated based on the market value of assets under management. Hourly billing entails charging clients for the amount of time spent addressing their specific needs or concerns. The fixed retainer fee structure gives clients the freedom to pay a flat monthly or yearly fee for ongoing advisory services. The commission-based compensation structure is paid when there is a transacting party that buys or sells in the process of investing. HOLDER WEALTH MANAGEMENT's flexible fee structures are designed with clients' best interests in mind and help maintain transparency in the advisory relationship.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure of HOLDER WEALTH MANAGEMENT does not mention anything about investment minimums. Therefore, it is unclear what their investment minimum requirement is for potential clients. It is recommended to contact them directly to inquire about any investment minimums they may have.
How This Office Can Help Champaign County, IL Residents
Holder Wealth Management, Inc. is dedicated to helping clients in Champaign County, IL regain control of their financial future. They provide personalized financial advice to clients who are often dealing with specific financial situations, such as: managing debt, preparing for retirement, saving for college, or protecting their assets. Holder Wealth Management, Inc. provides a comprehensive range of services, including: investment management, financial planning, retirement planning, estate planning, risk management, tax planning, and more. They take the time to understand each client’s unique financial situation and customize a plan that is tailored to their specific needs, goals, and risk tolerance. Whether you are just starting out, or nearing retirement, Holder Wealth Management, Inc. can help you make informed financial decisions that will set you on the path to financial stability and success.
Services Offered by Holder Wealth Management
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 Holder Wealth Management 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.
Unavailable
Subscription (Newsletter or Periodical)
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.
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
Holder Wealth Management is registered to service clients in the following states:
- Illinois
Disciplinary History
Holder Wealth Management does not have any disclosures. Please visit it's Form ADV for more details.