Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- 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
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Hourly
- Fixed Fees (Other than subscription)
Schultz Financial Group Incorporated Overview
Schultz Financial Group Incorporated is a fee-only registered investment advisory firm based in Reno, NV that has been in business since 1983. They specialize in providing investment advice to individuals and small businesses as their primary service. The firm prides itself on being independent, objective, and transparent with their clients. In addition to investment advice, Schultz Financial Group Incorporated offers financial planning services to help clients reach their long-term financial goals. They also offer portfolio management services aimed at maximizing returns while minimizing risks for their clients. One unique aspect of Schultz Financial Group Incorporated is their selection of other advisors service. They leverage their expertise to help clients carefully select and manage other advisors, ensuring that clients get the best possible advice from those they work with. Overall, Schultz Financial Group Incorporated is a comprehensive investment advisory firm that has helped numerous clients achieve their financial goals since their founding in 1983. They are committed to providing personalized service to each client, helping them navigate the complex world of investment and achieve their financial goals with confidence.
based on project scope percentage-based fees retainer-based fees Schultz Financial Group Incorporated is a trusted and reputable financial advisory firm that caters to a diverse range of clients. Their clients include individuals seeking guidance on personal finance matters, high net worth individuals in need of more specialized and customized services, pension or profit sharing plans looking for professional investment management, charitable organizations requiring expert assistance in maximizing their resources, and other corporate entities. With their extensive knowledge and expertise in the financial industry, Schultz Financial Group caters to various client needs regardless of their size, nature, or level of complexity. They offer different fee structures depending on the service provided, including hourly fees for specific advice, fixed fees based on project scope, percentage-based fees on assets under management, and retainer-based fees for ongoing consultation. These various fee structures ensure that clients can select the most appropriate and cost-effective option based on their particular needs and budget. Regardless of the fee structure, Schultz Financial Group is committed to providing high-quality, comprehensive financial planning and advisory services to their valued clients.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for Schultz Financial Group Incorporated does not mention anything about their investment minimum. Therefore, it is unclear what the minimum amount required to invest with this firm might be. It is recommended that interested investors reach out to Schultz Financial Group directly to inquire about their investment minimum.
How This Office Can Help Reno, NV Residents
Schultz Financial Group Inc. provides comprehensive financial planning and investment advisory services to clients in Reno, NV. They help individuals and families navigate the complex world of investments, retirement planning, tax planning, and estate planning. Reno, NV, residents may face unique financial situations, such as the need to diversify their investments beyond the local gaming and tourism industries or navigating the state's unique tax laws related to gaming winnings and income earned by out-of-state residents. Schultz Financial Group Inc. can help these clients develop customized strategies to address their particular financial challenges and goals. Additionally, with the growing popularity of outdoor recreation in the region, they can also assist clients in incorporating sustainable and socially responsible investing into their portfolios.
Services Offered by Schultz Financial Group Incorporated
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 Schultz Financial Group Incorporated 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
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
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.
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 8:30 AM–5 PM
- Tue 8:30 AM–5 PM
- Wed 8:30 AM–5 PM
- Thu 8:30 AM–5 PM
- Fri 8:30 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
State Registrations
Schultz Financial Group Incorporated is registered to service clients in the following states:
- California
- Michigan
- Nevada
- New Hampshire
- Texas
Disciplinary History
Schultz Financial Group Incorporated does not have any disclosures. Please visit it's Form ADV for more details.