Firm Info
Firm Size
Services Offered
- Other
Available Fee Structures
- Fixed Fees (Other than subscription)
- Other
Northwestern Mutual Investment Services,LLC Overview
Northwestern Mutual Investment Services, LLC is a broker-dealer and insurance broker/agent that provides investment advice to its clients. The firm has been in business since 1971 and is headquartered in Milwaukee, WI. As a fee-based advisory firm, Northwestern Mutual Investment Services charges clients based on the services they receive, rather than commission-based compensation. This fee arrangement aligns the interests of the firm with those of their clients, as both parties have a vested interest in achieving positive investment outcomes. In addition to investment advice, Northwestern Mutual Investment Services offers investment research and referrals to other advisers. These additional services provide clients with access to valuable resources and additional expertise, enabling them to make informed investment decisions. Overall, Northwestern Mutual Investment Services, LLC is a well-established and reputable firm that has been providing investment advice and related services to clients for nearly 50 years. Their fee-based approach and range of services make them a solid choice for investors seeking sound financial advice and access to a variety of investment resources.
NORTHWESTERN MUTUAL INVESTMENT SERVICES, LLC caters to a diverse range of clients, including high net worth individuals, families, and businesses. The firm also serves retirees, executives, and professionals looking to grow their wealth. They provide customized financial planning and investment strategies tailored to each client's unique situation and goals. Furthermore, the firm's financial advisors work closely with clients over the long term to help them navigate the complexities of the investment landscape and make informed decisions. When it comes to fee structures, NORTHWESTERN MUTUAL INVESTMENT SERVICES, LLC offers both fixed fees and other types of fees, depending on the service provided. Fixed fees are charges that are agreed upon upfront, thereby providing transparency and predictability. The other type of fees is variable and may include commissions, performance fees, and management fees. Clients can choose the fee structure that best suits their needs and budget. The specific amount of the fees charged depends on the services provided, the complexity of the investment strategy, and the amount invested. The firm's financial advisors work closely with clients to create a fee structure that aligns with their financial goals while remaining competitive in the market. Overall, NORTHWESTERN MUTUAL INVESTMENT SERVICES, LLC prides itself on its fee transparency and commitment to creating long-term value for its clients.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure note for Northwestern Mutual Investment Services, LLC does not explicitly mention their investment minimums.
How This Office Can Help Grayson County, TX Residents
Northwestern Mutual provides comprehensive financial planning and wealth management services to individuals and businesses in Grayson County, TX. They understand that financial circumstances can vary greatly from person to person, so they offer a personalized approach to financial planning. For clients in Grayson County, TX, Northwestern Mutual can assist with a variety of financial situations. For those who are starting their careers, they can help with establishing a budget, building an emergency fund, and establishing a retirement plan. For those who are in the middle of their careers, they can help with managing debt, planning for a child's education, and saving for retirement. And for those who are nearing retirement or already retired, they can help with developing a retirement income plan, managing investments, and planning for long-term care. Northwestern Mutual's financial advisors in Grayson County, TX are committed to working with their clients to help them achieve their financial goals, no matter what stage of life they are in.
Services Offered by Northwestern Mutual Investment Services,LLC
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 Northwestern Mutual Investment Services,LLC 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
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.
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.
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.
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.
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).
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Northwestern Mutual Investment Services,LLC is registered to service clients in the following states:
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
Disciplinary History
Northwestern Mutual Investment Services,LLC does not have any disclosures. Please visit it's Form ADV for more details.