Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
- 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
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Tci Wealth Advisors, Inc. Overview
TCI Wealth Advisors, Inc. is a fee-only Registered Investment Advisory firm based in Tucson, Arizona. The company was established in 1990 and has since been offering investment advice to individuals and small businesses. As a fee-only firm, TCI Wealth Advisors, Inc. does not receive any commissions for the investments they may recommend, thereby avoiding any conflict of interest. The primary services offered by TCI Wealth Advisors, Inc. include financial planning, portfolio management, and pension consulting services. They focus on helping their clients achieve their long-term financial goals through a customized investment strategy that considers their specific needs and risk tolerance. The firm also provides pension consulting services to small businesses, offering guidance on creating and managing retirement plans for their employees. Going beyond their own services, TCI Wealth Advisors, Inc. remains committed to selecting other investment advisors who can provide complementary solutions aligned with their clients’ needs. In doing so, they ensure their clients have the most comprehensive investment options to choose from. Overall, TCI Wealth Advisors, Inc. has built its reputation as a reliable and trustworthy investment partner serving their clients' vested interests.
TCI Wealth Advisors, Inc. specializes in providing financial planning services to a wide variety of clients. Their expertise caters to individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, and other corporate entities. TCI Wealth Advisors, Inc. tailor-makes financial strategies to suit the unique circumstances of each client. They understand that no two individuals or entities are the same and therefore strive to create personalized solutions for everyone who approaches them for assistance. In terms of fee structures, TCI Wealth Advisors, Inc. offers three options as follows. First, a percentage of assets under management (AUM) which is ideal for clients with sizable portfolios. This structure fees a percentage based on the amount of money that the firm is managing for the client. Second, for clients seeking specific financial advice, an hourly fee may be applicable. Finally, for clients who are looking for one-off services, a fixed fee can be offered for the specific services rendered. This approach ensures that the client knows exactly what they are paying for and what they will get in return. All fees are transparent and agreeable to both parties before any work commences.
Typical Clients, Fee Structures & Investment Minimum
The note in TCI Wealth Advisors, Inc.'s Part 2 Brochure mentions a minimum fee for clients who maintain less than $80,000 in assets under the firm's management. However, it does not explicitly state an investment minimum for new clients. Therefore, it is unclear what the investment minimum is for TCI Wealth Advisors, Inc.
How This Office Can Help Reno, NV Residents
TCI Wealth Advisors is a financial advisory firm that assists clients in managing their investments, retirement planning, estate planning, and tax strategies. Located in Reno, NV, TCI Wealth Advisors has been helping clients in the area for many years and has expert knowledge of the specific financial situations that someone living in Reno, NV might be facing. One unique financial situation that someone in Reno might face is the fluctuating real estate market. Reno has seen a significant increase in home prices in recent years, which can impact retirement planning and estate planning. TCI Wealth Advisors takes this into account when developing a client's financial plan, providing guidance and advice on investing in real estate and ensuring their estate plan is up-to-date with the latest market trends. Additionally, TCI Wealth Advisors understands the importance of diversifying investments to help clients weather any financial storms that may arise. Their team of professionals can help guide clients through these changes and ensure their financial future is secure.
Services Offered by Tci Wealth Advisors, Inc.
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 Tci Wealth Advisors, Inc. 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.
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
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
Tci Wealth Advisors, Inc. is registered to service clients in the following states:
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Florida
- Georgia
- Idaho
- Illinois
- Indiana
- Kansas
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- Oregon
- Pennsylvania
- South Carolina
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
Disciplinary History
Tci Wealth Advisors, Inc. does not have any disclosures. Please visit it's Form ADV for more details.