Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
- Selection of Others Advisors
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)
- Hourly
Demars Financial Group LLC Overview
TrueNorth Wealth is a registered investment advisory firm that specializes in providing investment advice only. Since 2007, the firm has been providing top-notch financial planning and portfolio management services to individuals and small businesses. TrueNorth Wealth is headquartered in Salt Lake City, UT, where its team of investment professionals helps clients grow and protect their wealth through sound investment strategies. Unlike many other firms, TrueNorth Wealth operates on a fee-only basis, meaning that clients are only charged for the services they receive. This ensures that TrueNorth Wealth's investment recommendations are unbiased and is in the best interest of its clients. In addition to financial planning and portfolio management, TrueNorth Wealth offers pension consulting services, and publishes publications like periodicals and newsletters to keep clients informed about market trends and investment strategies. TrueNorth Wealth also conducts educational seminars and workshops for individuals and businesses to help them understand investment concepts and make informed financial decisions. With a highly experienced team of experts and a commitment to transparency, TrueNorth Wealth is a trusted partner for individuals and institutions seeking to grow and protect their wealth.
billing flat/project-based fee The DEMARS FINANCIAL GROUP LLC caters to a diverse range of clients in their financial planning and management services. The firm provides guidance and expertise to individuals looking to manage their finances and achieve their financial goals. Additionally, they offer specialized assistance to high net worth individuals seeking intricate and personalized solutions to their financial portfolio. The DEMARS FINANCIAL GROUP LLC also provides services to businesses and institutions, delivering comprehensive financial consultations for strategies, investments, and retirement planning. The fee structures offered by the DEMARS FINANCIAL GROUP LLC vary based on the services provided. The firm offers a percentage of Assets Under Management (AUM) fee for their investment management services, which is a percentage of the total value of a client's investment portfolio. Hourly billing is also available for specific consultations or services requested by clients. The firm also offers flat or project-based fees for customized projects or financial planning engagements. With their varied fee structures, the DEMARS FINANCIAL GROUP LLC enables clients with various financial needs to access a range of services and payment options that align with their affordability and needs.
Typical Clients, Fee Structures & Investment Minimum
income accounts. According to DEMARS FINANCIAL GROUP LLC's Part 2 Brochure, the firm requires a minimum account size for investment in their equity and fixed-income accounts. For equity accounts, the minimum investment is $300,000, while for fixed-income accounts, it is $100,000. Therefore, individuals who intend to invest with the firm must meet these investment minimums to open an account.
How This Office Can Help Spokane Valley, WA Residents
Demars Financial Group is committed to helping clients in Spokane Valley, WA manage their financial affairs effectively. They offer a range of financial planning services that are customized to meet the unique needs and goals of each individual. They have experience working with different financial situations including retirement planning, investment strategies, and insurance services. One of the key challenges that Demars Financial Group helps clients in Spokane Valley, WA address is retirement planning. Many people in the area are approaching retirement age and need assistance creating a plan for their future. Demars Financial Group works with clients to develop a comprehensive retirement plan that takes into account factors such as income needs, expenses, and tax implications. Other common financial concerns for residents in Spokane Valley, WA include college savings, investment strategies, and estate planning. Demars Financial Group provides expert guidance and support on all of these issues to ensure that their clients achieve their financial goals.
Services Offered by Demars Financial Group 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 Demars Financial Group 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.
Unavailable
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
Other Office Locations
This firm has no other locations.
State Registrations
Demars Financial Group LLC is registered to service clients in the following states:
- Alaska
- Arizona
- Idaho
- Montana
- Oregon
- Texas
- Utah
- Washington
Disciplinary History
Demars Financial Group LLC does not have any disclosures. Please visit it's Form ADV for more details.