Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
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)
- Fixed Fees (Other than subscription)
Greenhouse Wealth Management, LLC Overview
Greenhouse Wealth Management, LLC is an investment advisory firm that has been in business since 2019. They are headquartered in Westport, CT and specialize in providing investment advice only. They operate on a fee-only basis, meaning that they do not receive any commissions or compensation from third-party providers for the products or services they recommend. The firm offers financial planning services and portfolio management for both individuals and small businesses. This includes creating investment strategies that align with their clients' goals, risk tolerance, and financial situation. Through their portfolio management services, Greenhouse Wealth Management, LLC helps clients to monitor and adjust their investments as needed to ensure they remain on track to meet their financial objectives. With a focus on delivering personalized attention, Greenhouse Wealth Management, LLC is committed to helping clients make informed financial decisions and achieve long-term success. They take a holistic approach to investment management, recognizing that there is no one-size-fits-all solution when it comes to building wealth. By providing tailored investment advice and guidance, Greenhouse Wealth Management, LLC helps clients to navigate the increasingly complex financial landscape and achieve their financial goals.
GREENHOUSE WEALTH MANAGEMENT, LLC caters to a diverse clientele, offering its financial expertise to both individuals and high net worth individuals. These clients come from all walks of life, including business leaders, entrepreneurs, executives, families, and retirees looking to maximize their financial potential and secure their financial future. The firm is committed to understanding each client's specific goals and tailoring a personalized approach that aligns with their unique financial objectives. GREENHOUSE WEALTH MANAGEMENT, LLC offers a flexible fee structure that varies based on the type of service provided to clients. The firm offers a percentage of assets under management (AUM) model, whereby fees are charged as a percentage of the assets being managed. The AUM fee structure is designed for clients with significant assets who require comprehensive financial planning and investment management services. Alternatively, the firm also offers fixed fees, which are based on a fixed rate for a particular service, such as financial planning or investment management. The fixed fee structure is ideal for clients seeking to address specific financial needs and may not require ongoing management or advisory services. Overall, GREENHOUSE WEALTH MANAGEMENT, LLC's fee structure provides a transparent and fair pricing model that optimizes value for its clients.
Typical Clients, Fee Structures & Investment Minimum
According to the Part 2 Brochure of Greenhouse Wealth Management, LLC, the firm's investment minimum is not explicitly mentioned. Therefore, it is unclear what the minimum investment requirement is for clients who want to work with this firm. It is advisable to contact Greenhouse Wealth Management directly to inquire about their investment minimums and determine if their services are suitable for your investment needs.
How This Office Can Help Westport, CT Residents
GREENHOUSE Wealth Management is a financial planning and investment management firm that provides personalized solutions to individuals and families in Westport, CT. Their team of experienced professionals offers comprehensive financial planning services to assist clients with their financial goals. They use a collaborative approach to understand each client’s unique financial situation and tailor their services to meet their specific needs. Specific financial situations that residents of Westport, CT might be facing include planning for retirement, managing wealth, estate planning, managing debt and health care costs and saving for education. GREENHOUSE Wealth Management assists clients with each of these needs by providing a full range of financial services, including investment management, asset allocation, tax planning, and risk management. They also provide ongoing financial advice and support, ensuring that their clients’ financial plans remain on track and meet their long-term goals. With their expertise and attention to detail, GREENHOUSE Wealth Management offers peace of mind to their clients as they navigate the complex world of finance.
Services Offered by Greenhouse 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 Greenhouse 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.
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
Firm Headquarters
This firm has no other locations.
State Registrations
Greenhouse Wealth Management, LLC is registered to service clients in the following states:
- Connecticut
Disciplinary History
Greenhouse Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.