Firm Info
Firm Size
Services Offered
- Portfolio Management for Individuals & Small Businesses
- Selection of Others Advisors
- Other
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Charitable Organizations
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
Fifth Avenue Family Office Overview
Fifth Avenue Family Office is a registered investment advisory firm that has been in business since 2002. Based in Naples, FL, the firm prides itself on offering tailored investment advice to individuals and small businesses. As a fee-only firm, clients can be assured that Fifth Avenue Family Office places their interests first, avoiding any conflicts of interest that commission-based models can often create. The firm's services include portfolio management, with a focus on creating personalized portfolios for each client's unique circumstances. Fifth Avenue Family Office selects investments based on rigorous research and due diligence in order to achieve clients' investment objectives and minimize risk. Additionally, the firm helps clients select other advisors as needed, ensuring that they have access to a full suite of wealth management services. In addition to investment advice, Fifth Avenue Family Office also offers business consulting services. The firm has a deep understanding of the small business landscape, and can work with clients to develop and implement strategies that help them grow and scale their operations. By combining investment advice with business consulting, Fifth Avenue Family Office is able to offer a comprehensive approach to managing clients' wealth.
FIFTH AVENUE FAMILY OFFICE is a distinguished financial institution catering to a diverse client base. The firm serves individuals who seek personalized investment strategies and financial solutions. It also serves high net worth individuals who require sophisticated portfolio management and custom-tailored services to meet their unique needs and objectives. Additionally, FIFTH AVENUE FAMILY OFFICE provides services for charitable organizations looking for philanthropic investment options and management of their charitable assets. FIFTH AVENUE FAMILY OFFICE offers fee structures that vary depending on the specific financial service provided. Their fee options include a percentage of Assets Under Management (AUM) where clients pay a percentage of their portfolio's value managed by the firm. This option incentivizes the management team to perform optimally and deliver better returns. The firm also offers fixed fee structures, which are pre-set costs for a specific financial service, and can be customized for a client's needs. These fees create a predictable cost structure for clients and foster transparency between the client and the firm. Whatever the client's needs, FIFTH AVENUE FAMILY OFFICE provides flexible and competitive fee structures to ensure clients receive the highest level of value and return for their investments.
Typical Clients, Fee Structures & Investment Minimum
The investment minimum for Fifth Avenue Family Office is not explicitly stated in their Part 2 Brochure. However, they do mention that their relationship minimum is $20,000,000 of AUA (assets under advisement), which they may waive at their sole discretion. This suggests that there may not be a fixed investment minimum, but rather the amount invested would depend on the client's assets and the firm's discretion.
How This Office Can Help Naples, FL Residents
Fifth Avenue Family Office provides tailored financial and wealth management services to individuals and families in Naples, FL. The firm's team understands the unique financial challenges that people living in the area may face due to the high cost of living, fluctuating real estate markets, and hurricane season. Fifth Avenue Family Office assists clients in Naples by developing comprehensive financial plans that address their specific needs and goals. The firm's services include investment management, tax planning, estate planning, and risk management. The team also has expertise in real estate and business advisory services that can help clients navigate local market conditions and make informed decisions. With a focus on building long-term relationships, Fifth Avenue Family Office works closely with clients to ensure that their financial plans align with their personal values and objectives.
Services Offered by Fifth Avenue Family Office
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 Fifth Avenue Family Office 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.
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
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).
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
Fifth Avenue Family Office is registered to service clients in the following states:
- Florida
- Michigan
Disciplinary History
Fifth Avenue Family Office does not have any disclosures. Please visit it's Form ADV for more details.