Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
- Selection of Others Advisors
- Educational Seminars & Workshops
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Insight Financial Services Overview
Insight Financial Services is a registered investment advisory firm in Overland Park, Kansas. Established in 2017, it provides investment advice-only services to individuals and small businesses. As a fee-only firm, Insight Financial Services is committed to providing transparent and objective advice to its clients without any conflicts of interest. It provides financial planning and portfolio management services to help its clients achieve their financial goals. In addition to these services, Insight Financial Services also offers pension consulting services to help businesses manage their retirement plans. The firm's team of experienced advisors can assist in the selection of other advisors to build a holistic strategy for the client. Insight Financial Services is also committed to education and provides educational seminars and workshops to help clients make informed financial decisions for their future. Overall, Insight Financial Services is a reliable and trustworthy advisory firm that offers a wide range of investment solutions to its clients. The firm's fee-only structure ensures objective advice and transparent fee arrangements. Insight Financial Services combines expertise and education to help its clients achieve their financial objectives.
INSIGHT FINANCIAL SERVICES offers a wide range of services to a diverse client base. The firm serves individuals, including those who are just starting out in their careers and those who are retired and looking to maximize their retirement savings. INSIGHT FINANCIAL SERVICES also caters to high net worth individuals, providing specialized services that are tailored to their unique financial needs. These clients can benefit from advanced estate planning and tax optimization strategies, as well as personalized investment management recommendations. With respect to fees, INSIGHT FINANCIAL SERVICES offers a flexible fee structure that caters to the specific needs of its clients. Depending on the type of service provided and the complexity of the client’s financial situation, INSIGHT FINANCIAL SERVICES may charge a percentage of assets under management (AUM), an hourly fee, or a fixed fee. The percentage of AUM fee is typically charged for investment management services and is calculated as a percentage of the client’s total assets under management. The hourly fee structure is often used for financial planning services or other projects that require a specified amount of time to complete. Finally, the fixed fee option is available for clients who prefer to pay a set fee for a particular service, regardless of the amount of time or assets required to complete it. These varied fee structures enable INSIGHT FINANCIAL SERVICES to offer highly customized solutions that are tailored to the needs of each individual client.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure of INSIGHT FINANCIAL SERVICES does not provide any information or mention about investment minimums. Therefore, it is unclear what the minimum investment requirement is for this firm. Investors will need to contact the firm directly to inquire about investment minimums or other investment-related information.
How This Office Can Help Flemington, NJ Residents
Insight Financial Services is a financial consulting firm that helps clients in Flemington, NJ, navigate various financial situations. For those preparing for retirement, Insight Financial Services can assist with retirement planning and investment management. They can help clients determine their retirement goals and develop personalized strategies to help them meet those goals. For individuals or families looking to plan for the future, Insight Financial Services can provide assistance with college savings plans, estate planning, and insurance planning. They can help clients navigate the complexities of these financial situations and develop a comprehensive plan to ensure their loved ones are taken care of in the future. Additionally, for those looking to purchase a home, Insight Financial Services can provide mortgage services and help clients find the best mortgage rate possible. With their expertise and personalized approach, Insight Financial Services is committed to supporting clients in Flemington, NJ, and helping them achieve their financial goals.
Services Offered by Insight Financial Services
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 Insight Financial Services 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
Insight Financial Services is registered to service clients in the following states:
- Colorado
- Florida
- Georgia
- Kansas
- Missouri
- Nebraska
- Texas
Disciplinary History
Insight Financial Services does not have any disclosures. Please visit it's Form ADV for more details.