Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- 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
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Bourke Wealth Management Overview
Bourke Wealth Management is a fee-only independent investment advisory firm based in the beautiful city of Santa Barbara, California. Since its establishment in 2019, Bourke Wealth Management has been committed to offering its clients the highest quality investment management solutions. The firm is registered as an investment advisory firm that provides investment advice only, ensuring that its clients receive impartial and unbiased information. Bourke Wealth Management offers a wide range of services to help individuals and small businesses achieve their financial goals. The firm provides financial planning services that are tailored to each client's unique needs and goals. It also offers portfolio management services for individuals and small businesses to help them manage their investment portfolios and achieve optimal returns. In addition to its services for individuals and small businesses, Bourke Wealth Management also provides portfolio management services for businesses or institutional clients. The firm also offers pension consulting services to help businesses and organizations effectively manage their retirement plans. Moreover, Bourke Wealth Management offers the selection of other advisors as a service, allowing clients to make informed decisions regarding their investment choices. Overall, Bourke Wealth Management is a dynamic and forward-thinking investment advisory firm that is committed to providing its clients with exceptional service and investment management solutions. The firm's fee-only structure ensures that its advisors act in the best interest of its clients, ensuring that they receive impartial and unbiased advice at all times. With its broad range of services and dedication to excellence, Bourke Wealth Management is an excellent choice for anyone looking to achieve their financial goals.
BOURKE WEALTH MANAGEMENT offers comprehensive financial advisory services to a diverse range of clients. They serve individuals seeking investment advice and planning assistance, high net worth individuals with complex financial needs, and pension or profit sharing plans looking for investment management solutions. The firm caters to clients with different investment goals, income levels, and objectives. Clients can expect personalized financial advice that aligns with their unique financial situation and goals. BOURKE WEALTH MANAGEMENT offers flexible fee structures that depend on the service provided. Clients can choose from a percentage of assets under management (AUM) fee, hourly fee, or fixed fee. The percentage of AUM fee structure is based on a percentage of the client's total invested assets under the firm's management. The hourly fee structure charges clients based on the amount of time spent providing financial advice and services. The fixed fee structure offers a fixed rate that covers specific services provided by the firm. The fee structure chosen by the client is tailored to their financial needs and goals, ensuring transparency in the firm's pricing and services.
Typical Clients, Fee Structures & Investment Minimum
The investment minimum for Bourke Wealth Management's Comprehensive Portfolio Management and Asset Management services is $500,000, according to their Part 2 Brochure. The note states that this minimum is not negotiable and usually required throughout the client's relationship with the firm, but may be waived at the adviser's discretion. However, there are no minimum requirements for Financial Planning & Consulting clients.
How This Office Can Help Carpinteria, CA Residents
Bourke Wealth Management Certified Financial Planner assists clients in Carpinteria, CA by providing personalized financial planning and investment management services. The firm understands that living in Carpinteria, CA brings with it unique financial circumstances that require tailored solutions. Many clients in the area are facing challenges such as managing taxes, retirement planning, and preserving wealth. Bourke Wealth Management works closely with clients to understand their specific financial goals, and then creates a comprehensive plan that addresses their unique needs and lifestyle. For those facing challenges with taxes, Bourke Wealth Management helps clients create a tax-efficient investment portfolio, maximize their deductions, and implement tax-saving strategies like charitable giving. Retirement planning is also a major focus, with the firm helping clients identify how much they need to save, the best retirement accounts to use, and how to achieve their retirement goals. Finally, Bourke Wealth Management also provides wealth preservation services, helping clients manage their assets and minimize risk. With its focus on personalized solutions, Bourke Wealth Management is an excellent resource for those looking to secure their financial future in Carpinteria, CA.
Services Offered by Bourke Wealth Management
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 Bourke Wealth Management 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
This firm has no other locations.
State Registrations
Bourke Wealth Management is registered to service clients in the following states:
- California
Disciplinary History
Bourke Wealth Management does not have any disclosures. Please visit it's Form ADV for more details.