Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- 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)
- Fixed Fees (Other than subscription)
Signature Wealth Management Partners, LLC Overview
Signature Wealth Management Partners, LLC is a Fee Only Registered Investment Advisory Firm based in Montvale, NJ. They have been in business since 2018 and specialize in investment advice only. As a Fee Only firm, they do not receive any compensation from commissions or products sales, ensuring full transparency and objectivity in their recommendations. Signature Wealth Management offers a range of services, including financial planning, portfolio management for individuals and small businesses, as well as portfolio management for businesses or institutional clients. Their team of experienced advisors works closely with clients to develop customized investment strategies that align with their unique financial goals. In addition to their portfolio management services, Signature Wealth Management also offers a selection of other advisors to clients. These advisors have been carefully vetted by the firm and can offer complementary services to help clients achieve their long-term financial objectives. Overall, Signature Wealth Management Partners, LLC is dedicated to providing unparalleled investment advice to clients seeking to build and preserve their wealth.
Signature Wealth Management Partners, LLC is a financial firm that caters to a wide range of clients seeking personalized investment and wealth management services. The firm has a diversified client base that includes individuals, high net worth individuals, pension or profit sharing plans, and other corporation types not listed. The financial professionals at Signature Wealth Management Partners, LLC have extensive experience working with clients from various backgrounds and industries, tailoring their services to meet each client's specific needs and goals. When it comes to fees, Signature Wealth Management Partners, LLC offers flexible fee structures depending on the service provided. Clients have the option to pay a percentage of their assets under management (AUM) or a fixed fee for the management of their portfolio. The percentage of AUM fee structure is based on a specific percentage of the investment portfolio's total value managed by the firm. On the other hand, the fixed fee structure is based on a predetermined amount agreed upon by both parties, often paid annually or quarterly. With these options, clients can choose the fee structure that best fits their financial situation and investment goals, ensuring transparency and cost-effectiveness.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure of SIGNATURE WEALTH MANAGEMENT PARTNERS, LLC mentions that their investment minimums vary depending on the type of portfolio or mutual fund chosen by the client. For their managed account portfolios, the minimum initial investment is $250,000, while their mutual fund portfolios require a lower minimum investment of $25,000. The brochure notes that these minimums may be waived or lowered at the discretion of the firm. Therefore, it is important to consult with a representative of SIGNATURE WEALTH MANAGEMENT PARTNERS, LLC to confirm the specific investment minimum required for a particular investment.
How This Office Can Help Montvale, NJ Residents
Signature Wealth Management Partners offers a variety of services to assist clients in Montvale, NJ with their financial needs. Their team of experienced professionals work closely with each client to develop a personalized plan that aligns with their specific financial goals. Whether someone is looking to save for retirement, invest for their children's education, or build wealth through smart financial decisions, Signature Wealth Management Partners provides the guidance and tools necessary to achieve success. Living in Montvale, NJ, a person may face different financial situations compared to someone in a different location. With a high cost of living in the area, it can be challenging to balance saving for long-term goals while also managing day-to-day expenses. Additionally, many residents may work in highly competitive industries such as finance or technology, which can require specialized financial planning and investment strategies. Signature Wealth Management Partners understands these challenges and works with clients to create tailored solutions that fit their unique circumstances.
Services Offered by Signature Wealth Management Partners, 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 Signature Wealth Management Partners, 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
Signature Wealth Management Partners, LLC is registered to service clients in the following states:
- California
- Florida
- Massachusetts
- New Hampshire
- New Jersey
- New York
- North Carolina
- Pennsylvania
- South Carolina
Disciplinary History
Signature Wealth Management Partners, LLC does not have any disclosures. Please visit it's Form ADV for more details.