Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
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
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
- Commissions
Boyd Capital Overview
BOYD CAPITAL is a fee-based investment advisory firm headquartered in Rochester, NY. Despite being a relatively new firm, having been established in 2021, BOYD CAPITAL has been providing impeccable financial planning and portfolio management services to both individuals and small businesses. It operates as an insurance broker or agent while also offering investment advice. As a fee-based firm, BOYD CAPITAL is committed to transparency in its fee arrangements. This ensures that their clients understand the compensation structure as they receive investment advice and financial planning services. Moreover, BOYD CAPITAL offers portfolio management, which means they help their clients to make informed investment decisions with their money. BOYD CAPITAL prides itself in its ability to deliver outstanding financial advice to both individual and small business clients. With its focus on financial planning and extensive experience in portfolio management, it is an ideal investment partner for those looking for a responsive and dependable advisor. With aggressive growth plans in place, BOYD CAPITAL is set to be one of the leading investment firms for years to come.
BOYD CAPITAL serves a diverse array of clients across various income brackets and financial needs. Geared towards providing tailored financial solutions to every individual, they cater to individuals ranging from those with low to high net-worth. BOYD CAPITAL's clients are also composed of pension or profit sharing plans. They provide personalized investment strategies, financial planning, and advisory services to help their clients achieve their financial goals. BOYD CAPITAL offers multiple fee structures to suit their clients' requirements. Depending on the service provided, they offer percentage of Assets Under Management (AUM); hourly rates if a client needs to consult about a particular matter; fixed fees are available to clients who seek investment management; and commission-based structures for clients who deserve a brokerage platform. The fee structures can be customized to fit every client's unique requirements. BOYD CAPITAL ensures transparency in the costs involved to provide a comfortable and trustworthy relationship with their clients.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for Boyd Capital does not mention an investment minimum.
How This Office Can Help Rochester, NY Residents
Boyd Capital Management is a trusted financial planning firm that strives to serve the needs of clients in Rochester, NY. The company understands the challenges that people living in Rochester, NY face when it comes to their financial situations. The team of experts at Boyd Capital Management works with individuals, families, and businesses to help them achieve their financial goals. For individuals, Boyd Capital Management can help with retirement planning, investment options, tax planning, and estate planning. Rochester, NY residents may also benefit from the firm's services in managing debt and improving their credit score. The company also offers services for small businesses, including financial planning, payroll management, and employee benefits. Overall, Boyd Capital Management takes pride in offering customized solutions that meet the unique needs of their clients in Rochester, NY.
Services Offered by Boyd Capital
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 Boyd Capital 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.
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.
Unavailable
Subscription (Newsletter or Periodical)
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.
Disciplinary History
Boyd Capital does not have any disclosures. Please visit it's Form ADV for more details.