Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- 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
- Pension & Profit Sharing Plans
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Flaharty Asset Management, LLC Overview
Flaharty Asset Management, LLC is a registered investment advisory firm that has been offering investment advice since 2013. The firm is headquartered in Clearwater, FL, and operates under a fee-only fee arrangement. As an investment advice only firm, Flaharty Asset Management, LLC specializes in providing a comprehensive range of investment services to its clients. The firm offers a broad range of investment services that include financial planning, portfolio management for individuals and small businesses, portfolio management for businesses or institutional clients, pension consulting services, and selection of other advisors. This comprehensive range of services allows the firm to address specific investment needs of each client and tailor recommendations to meet their specific requirements. To ensure that clients are well-informed and up-to-date on the latest investment trends and topics, Flaharty Asset Management, LLC also offers educational seminars and workshops. This gives clients access to valuable information and insights that can help them make more informed investment decisions and stay ahead of the curve. Overall, Flaharty Asset Management, LLC is a reputable and reliable investment advisory firm that provides a range of investment services to clients. Its focus on providing investment advice only and fee-only fee arrangement ensures that clients receive unbiased recommendations that align with their investment goals and objectives.
FLAHARTY ASSET MANAGEMENT, LLC provides comprehensive investment management services to various clients, including individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, and other corporate entities. With a proven track record of delivering outstanding results and exceptional client service, the firm has established a reputation as a trusted partner to help clients achieve their financial goals. To accommodate the different preferences and needs of its clients, FLAHARTY ASSET MANAGEMENT, LLC offers various fee structures. Depending on the service provided, clients can choose from percentage of assets under management (AUM), hourly, or fixed fees. The percentage of AUM fee structure is based on a percentage of the assets under the firm's management, while the hourly fee structure charges clients based on the time spent on providing investment advice and services. The fixed fee structure, on the other hand, entails clients paying a fixed amount for a particular service or set of services. These fee structures allow FLAHARTY ASSET MANAGEMENT, LLC to remain competitive and flexible while delivering personalized services tailored to each client's unique needs.
Typical Clients, Fee Structures & Investment Minimum
According to FLAHARTY ASSET MANAGEMENT, LLC's Part 2 Brochure, the firm's investment minimum varies based on the specific investment strategy or program being utilized. The brochure notes that "minimum account sizes may vary by program" and provides specific minimums for some programs, such as a $500,000 minimum for the Strategic Growth Equity program and $250,000 minimum for the Dividend Income program. However, for some other programs, such as the Fixed Income and Wealth Management programs, the brochure does not mention any specific investment minimums. Therefore, it is necessary to consult with the firm directly to determine the investment minimums for these programs.
How This Office Can Help Punta Gorda, FL Residents
AWA Investment Advisors DBA Flaharty Asset Management provides personalized financial solutions to clients living in Punta Gorda, FL. With a deep understanding of the financial situations someone in Punta Gorda might face, Flaharty Asset Management is able to provide tailored advice. Many clients in Punta Gorda are retirees or approaching retirement. Flaharty Asset Management offers retirement planning services to ensure their clients have a solid plan in place to meet their financial needs in their golden years. With the cost of living in Punta Gorda higher than the national average, many clients are also concerned about the rising expenses of healthcare. Flaharty Asset Management assists by advising on healthcare plans, long-term care insurance, and estate planning. Additionally, the area has a high level of real estate investment and Flaharty Asset Management is well-versed in assisting clients with these particular financial needs.
Services Offered by Flaharty Asset 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 Flaharty Asset 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
Flaharty Asset Management, LLC is registered to service clients in the following states:
- California
- Colorado
- Florida
- Georgia
- Illinois
- Indiana
- Maryland
- Michigan
- New York
- North Carolina
- Ohio
- Pennsylvania
- Rhode Island
- South Carolina
- Tennessee
- Texas
- Virginia
Disciplinary History
Flaharty Asset Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.