Firm Info
Firm Size
Services Offered
- 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)
Setchfield Asset Management Overview
Setchfield Asset Management is a fee-only Registered Investment Advisory Firm that specializes in providing investment advice and portfolio management services. With headquarters located in Bradenton, Florida, the firm has been in business since 2019. As a fee-only firm, Setchfield Asset Management ensures that they have no other compensation arrangements other than the fees paid by their clients, which lessens the potential for conflicts of interest and aligns their interests with their clients. Setchfield Asset Management offers portfolio management services for both individuals and small businesses. Their extensive experience in the insurance industry equips them with the necessary knowledge to provide investment advice that caters to the needs and objectives of their clients. Their investment strategy is based on the client's risk tolerance, investment goals, and time horizon, which promotes a focused, disciplined approach to investing. As an insurance broker and agent, Setchfield Asset Management is uniquely positioned to offer clients a holistic financial plan, incorporating insurance coverage and investment strategies. By offering comprehensive services that identify the client's strengths and weaknesses, Setchfield Asset Management helps clients make informed decisions about their investments, ensuring they're adequately protected against financial risks. Overall, Setchfield Asset Management strives to provide unparalleled customer service while continuing to deliver objective investment advice to help their clients achieve their goals.
Setchfield Asset Management serves a diverse range of clients, including individuals and high net worth individuals. Their services are designed to meet the unique investment needs of each client, providing a personalized approach to wealth management. With a wealth of experience and expertise, Setchfield Asset Management is well-equipped to provide guidance and support to clients, no matter their investment goals. When it comes to fee structures, Setchfield Asset Management offers a percentage of Assets Under Management (AUM) option, which is a popular choice for many clients. This fee structure ensures that the client's investment advisor has a vested interest in the success of their investment portfolio, as fees are directly tied to the performance of the assets in question. Additionally, Setchfield Asset Management works hard to ensure that their fees are fair, transparent, and reasonable, providing clients with peace of mind and confidence in their investment decisions. Whether clients are looking to grow their wealth or simply preserve it, Setchfield Asset Management offers a range of fee structures to suit their needs and preferences.
Typical Clients, Fee Structures & Investment Minimum
According to SETCHFIELD ASSET MANAGEMENT's Part 2 Brochure, there is no investment minimum imposed by the firm for their services. However, the firm reserves the right to reject clients regardless of account size. It is important to note that some of the institutional money managers associated with the firm may require an account minimum, but this is not explicitly stated.
How This Office Can Help Bradenton, FL Residents
American Portfolios Financial: Baiata Frank offers financial services and solutions to the residents of Bohemia, NY. The firm assists clients in navigating the complexities of the financial market and helps them make informed decisions that align with their short and long-term financial goals. Whether it be retirement planning, investment strategies, estate planning or insurance needs, American Portfolios Financial: Baiata Frank is equipped to guide its clients through every stage of their financial journey. Bohemia, NY is home to a diverse community and with that comes a varied range of financial situations. The residents of Bohemia may be facing different challenges such as saving for retirement, starting a business, sending their children to college or purchasing a home. American Portfolios Financial: Baiata Frank has the experience and expertise necessary to help clients in Bohemia address these challenges. They customize their services to fit each client's unique situation and provide financial guidance to ensure that they achieve their financial goals.
Services Offered by Setchfield Asset Management
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 Setchfield Asset Management 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.
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)
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
Setchfield Asset Management is registered to service clients in the following states:
- Colorado
- Florida
- Texas
Disciplinary History
Setchfield Asset Management does not have any disclosures. Please visit it's Form ADV for more details.