Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
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
- State & Municipal Govt Entities
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
Foundation Wealth Management, LLC Overview
Foundation Wealth Management, LLC is an investment advisory firm that has been providing its services since 2003. The firm operates on a fee-only basis, which means its clients pay for the advice they receive rather than the products they purchase. The headquarters of the firm are located in Clayton, MO, where it serves both individual and small business clients. As a registered investment advisory firm, Foundation Wealth Management, LLC offers investment advice only. The firm provides a range of services, including financial planning, portfolio management for individuals and small businesses, portfolio management for businesses or institutional clients, and pension consulting services. All of these services are designed to help clients achieve their financial goals. With over 18 years of experience in the industry, Foundation Wealth Management, LLC has established a reputation for delivering high-quality advice and sound investment strategies to its clients. The firm's team of experienced professionals works closely with clients to understand their unique financial needs and objectives, and then develops customized investment plans that are tailored to their specific goals. Overall, Foundation Wealth Management, LLC is a trusted partner for clients looking to achieve their long-term financial objectives.
Foundation Wealth Management, LLC is a boutique investment firm that serves a diverse range of clients, from individuals to high net worth individuals to pension or profit sharing plans and state or municipal government entities. With their intricate understanding of the financial landscape and unique investment strategies, the firm caters to a vast array of clients with distinctive investment goals and preferences. They value client relationships and provide customized investment solutions to suit each client's particular needs and objectives. In terms of fee structures, Foundation Wealth Management, LLC offers clients flexibility and choice. Their fee structure is dependent on the service provided, and clients can choose between a percentage of assets under management (AUM) or fixed fees. The percentage of AUM fee structure is calculated based on a percentage of the total assets that are under the management of the firm, whereas the fixed fee structure is a set fee for services provided, regardless of the value of assets managed. The firm provides complete transparency regarding their fees and is committed to ensuring that their clients are well-informed and involved in the investment decision-making process.
Typical Clients, Fee Structures & Investment Minimum
Foundation Wealth Management, LLC's Part 2 Brochure mentions that in general, their clients have a portfolio of $1,000,000 or more. However, they do accept clients with a smaller portfolio size if it will not cause increased investment risk beyond the client's identified risk tolerance. The brochure does not mention a specific investment minimum.
How This Office Can Help Media, PA Residents
Foundation Wealth Management provides comprehensive financial planning and wealth management services to clients in Media, PA. As one of the fastest-growing suburbs of Philadelphia, residents of Media face unique financial challenges such as high costs of living, increasing property taxes, and a highly competitive job market. Additionally, as residents age, they may need assistance with retirement planning, estate planning, and long-term care planning. Foundation Wealth Management assists clients in Media, PA by creating customized financial plans that address their specific needs and goals. This includes evaluating their current financial situation and identifying areas where they can save money or invest for the future. They also provide guidance on tax planning strategies, investment selection and management, and retirement income planning. With a focus on building long-term relationships, Foundation Wealth Management works closely with clients to help them achieve their financial objectives and enjoy a secure and worry-free retirement.
Services Offered by Foundation 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 Foundation 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.
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
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Foundation Wealth Management, LLC is registered to service clients in the following states:
- Arizona
- California
- Florida
- Georgia
- Illinois
- Louisiana
- Missouri
- North Carolina
- Texas
Disciplinary History
Foundation Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.