Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
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)
Investment Insight Wealth Management, LLC Overview
Investment Insight Wealth Management, LLC is a registered investment advisory firm that was established in 2008. Based in North Massapequa, NY, the firm specializes in providing investment advice only to individuals and small businesses. Their fee arrangement is fee-only, meaning that clients only pay for the advice and services they receive and not for any products that may be recommended. One of the core services offered by Investment Insight Wealth Management is financial planning. Through this service, the firm assists clients in developing a comprehensive financial plan that outlines their long-term financial goals and strategies for achieving them. This may involve analyzing their current financial situation, identifying areas for improvement, and providing recommendations on how to optimize their portfolio for better returns. In addition to financial planning, Investment Insight Wealth Management also specializes in portfolio management for individuals and small businesses. The firm helps clients build and manage diversified portfolios that are aligned with their goals, risk tolerance, and investment objectives. This involves ongoing monitoring and analysis of the portfolio's performance, as well as making recommendations for adjustments as needed. Finally, Investment Insight Wealth Management provides pension consulting services for businesses looking to manage their pension plans efficiently. This includes analyzing plan structures, design, funding levels, and investment performance, with the aim of ensuring that the plan is aligned with the business's goals and objectives. Ultimately, Investment Insight Wealth Management is a firm that provides expert investment advice and services to help clients achieve their financial goals.
INVESTMENT INSIGHT WEALTH MANAGEMENT, LLC provides an array of financial planning and investment services to clients in various financial situations. This includes individuals, high net worth individuals, pension or profit sharing plans, and other entities. Their clients may be seeking help with investment management, tax planning, retirement planning, estate planning, or other financial planning needs. INVESTMENT INSIGHT WEALTH MANAGEMENT, LLC tailors their services to meet each client's unique financial needs, using a holistic approach to wealth management. The fee structures available at INVESTMENT INSIGHT WEALTH MANAGEMENT, LLC depend on the specific services provided. Clients can expect to pay a percentage of assets under management (AUM) as a management fee. This typically ranges between 0.5% and 2% of AUM. Alternatively, clients can opt for an hourly fee structure, which is often used for financial planning services. Hourly rates vary based on the advisor's level of expertise and experience. Finally, some clients may prefer fixed fee arrangements. This can be an attractive option for those seeking a specific service, such as retirement planning, estate planning, or tax planning. In such cases, a flat fee for the service is agreed upon before work begins. INVESTMENT INSIGHT WEALTH MANAGEMENT, LLC provides transparent fee arrangements, so clients can rest assured that they are receiving high-quality service at a fair price.
Typical Clients, Fee Structures & Investment Minimum
$500,000. The Part 2 Brochure for Investment Insight Wealth Management, LLC states that they require a minimum account balance of combined assets under management of $500,000. This is mentioned in the brochure's Form ADV Part 2A under the section titled "Investment Objectives, Risk Tolerance, and Restrictions," which states that "the minimum account balance is $500,000 in combined assets under management." Therefore, it is clear that Investment Insight Wealth Management, LLC has an investment minimum of $500,000.
How This Office Can Help Massapequa, NY Residents
Investment Insight Wealth Management, LLC assists clients in Massapequa, NY by providing tailored financial planning and investment management services. The team of experienced financial advisors at the firm works closely with clients to understand their unique financial situations, goals, and objectives. They then develop comprehensive investment strategies that are specifically tailored to each client's needs and preferences. Clients in Massapequa, NY may face a range of financial challenges, such as planning for retirement, managing their investments, saving for college tuition, or protecting their assets. With deep expertise in financial planning and investment management, Investment Insight Wealth Management, LLC helps clients navigate these challenges and achieve their financial goals. The firm also provides ongoing monitoring and guidance to ensure clients stay on track and adapt to changing circumstances over time.
Services Offered by Investment Insight Wealth Management, 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 Investment Insight Wealth Management, 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.
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
Investment Insight Wealth Management, LLC is registered to service clients in the following states:
- New York
Disciplinary History
Investment Insight Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.