Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
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)
Sacks & Associates, LLC Overview
SACKS & ASSOCIATES, LLC is a fee-based registered investment advisory firm that has been operating in Bridgewater, NJ, since 2015. The firm provides comprehensive financial planning and portfolio management services to individuals, small businesses, and institutional clients. As a broker-dealer representative and licensed insurance broker/agent, SACKS & ASSOCIATES has the expertise to provide sound investment advice in an ever-changing landscape. The firm's portfolio management services are tailored to meet the unique needs of each client, drawing on a deep understanding of their investment goals, risk tolerance, and time horizons. Whether you are looking to manage your personal wealth or grow your business assets, SACKS & ASSOCIATES can help you achieve your financial objectives. With a fee-based approach, SACKS & ASSOCIATES is committed to providing transparent, unbiased financial advice and ensuring that their clients' interests are always put first. The firm's experienced professionals work closely with clients to develop personalized investment strategies that align with their long-term goals. If you're looking for an investment advisory firm with a proven track record of success, SACKS & ASSOCIATES, LLC is an excellent choice.
SACKS & ASSOCIATES, LLC serves a diverse range of clients, including individuals and high net worth individuals. From young professionals to retirees, the firm provides a variety of financial planning and investment advice tailored to each client's unique goals and needs. For those seeking more customized and complex solutions, the firm offers comprehensive wealth management services. A typical client of SACKS & ASSOCIATES, LLC is someone who values professional guidance and wants to make informed financial decisions for themselves and their families. When it comes to fee structures, SACKS & ASSOCIATES, LLC offers various options depending on the service provided. For investment management and wealth management services, the firm operates on a percentage of assets under management (AUM) fee structure. This approach means that clients pay the firm a percentage of their investment portfolio's total value, ensuring that the fee aligns with client success. For those seeking financial planning services, the firm may charge an hourly fee or a flat fee based on the scope of work. In some cases, SACKS & ASSOCIATES, LLC may offer a retainer-based fee structure, where the client pays a set amount to receive ongoing financial advice. Regardless of the fee structure selected, the firm prioritizes transparency and works closely with clients to ensure they fully understand the costs associated with each service.
Typical Clients, Fee Structures & Investment Minimum
According to Sacks & Associates, LLC's Part 2 Brochure, the firm requires a minimum investment of $250,000 in order to become a client. The note on investment minimums states, "In general, we require a minimum investment of $250,000. However, we may waive or reduce this minimum in our discretion." Therefore, it is possible for the firm to waive or reduce the investment minimum on a case-by-case basis, but the standard minimum is $250,000.
How This Office Can Help Martinsville, NJ Residents
Sacks & Associates, LLC is a financial consulting firm that provides a range of services to clients in Martinsville, NJ. As a full-service firm, they offer comprehensive financial planning, investment management, retirement planning, and tax planning services. The firm takes a personalized approach to each client's situation, taking into account their unique goals and financial needs. As a resident of Martinsville, NJ, you may be facing financial challenges such as managing debt, saving for retirement, or navigating the complexities of taxes. Sacks & Associates, LLC provides solutions to these challenges through a combination of financial planning services and investment management strategies. They can help you create a comprehensive financial plan that addresses your specific needs and goals. Additionally, they can help you navigate complex tax laws and provide advice on ways to minimize your tax liabilities. With their guidance, you can take control of your finances and achieve financial security for your future.
Services Offered by Sacks & Associates, 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 Sacks & Associates, 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
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.
Unavailable
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)
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.
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
- Mon 9 AM–4 PM
- Tue 9 AM–4 PM
- Wed 9 AM–4 PM
- Thu 9 AM–4 PM
- Fri 9 AM–4 PM
- Sat Closed
- Sun Closed
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Sacks & Associates, LLC is registered to service clients in the following states:
- Arizona
- Florida
- Maryland
- New Jersey
- New York
- Pennsylvania
- Texas
Disciplinary History
Sacks & Associates, LLC does not have any disclosures. Please visit it's Form ADV for more details.