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
- Pension & Profit Sharing Plans
- Charitable Organizations
- Other
Available Fee Structures
- Percentage of Assets Under Management (AUM)
Aries Wealth Management, LLC Overview
Aries Wealth Management, LLC is an investment advisory firm based in Portland, ME, that has been in business since 2015. As a Fee Only firm, the company is solely compensated through client fees and operates without any conflicts of interest. Their registered investment advisory status ensures that they provide investment advice only, using their expertise to help their clients grow their wealth. One of the core services Aries Wealth Management offers is financial planning. This includes creating personalized plans for clients to reach their financial goals, in addition to analyzing their financial situation to determine potential areas of improvement. They assist in many aspects of financial planning, including budgeting, tax planning, insurance strategies, and retirement planning. Portfolio management is another key offering provided by Aries Wealth Management. Their expertise enables them to manage portfolios for both individuals and small businesses, with a focus on long-term investment strategies. They design personalized portfolios that align with their clients' investment objectives, risk tolerance, and tax circumstances. Overall, Aries Wealth Management, LLC is an investment advisory firm that provides comprehensive financial services to their clients. They strive to help their clients achieve their financial goals through personalized financial planning and portfolio management services.
ARIES WEALTH MANAGEMENT, LLC offers a wide range of financial services to a diverse clientele. Their clientele includes individuals who seek investment advice or financial planning services, high net worth individuals who need assistance managing their wealth, pension or profit sharing plans for businesses, and charitable organizations that require investment management services. The firm is equipped to serve other types of clients as well. ARIES WEALTH MANAGEMENT, LLC has several fee structures available, depending on the service provided. They offer a percentage fee based on clients’ assets under management (AUM) for investment management services. Additionally, they offer hourly rates for financial planning or consultation services. For clients who need project-specific advice, they offer a flat fee. The firm is committed to finding a fee structure that fits the unique needs of each client. ARIES WEALTH MANAGEMENT, LLC is dedicated to providing comprehensive and personalized financial services at a reasonable cost.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure of ARIES WEALTH MANAGEMENT, LLC does not mention any investment minimums. According to the note about investment minimums in their brochure, the firm does not have any requirements for opening or maintaining accounts or engaging with them. As such, it appears that there is no investment minimum for clients looking to work with ARIES WEALTH MANAGEMENT.
How This Office Can Help Cumberland County, ME Residents
Aries Wealth Management provides tailored financial planning and investment management services to clients in Cumberland County, ME. The firm works closely with individuals, families, and business owners to develop personalized strategies that align with their short- and long-term financial goals. Whether it's saving for retirement, funding a child's education, or navigating a major life transition, Aries Wealth Management helps clients make informed decisions about their wealth. Cumberland County, ME is home to a diverse population with varying financial situations. For some, the high cost of living in the area can make it challenging to build and grow wealth. Others may be managing complex financial situations, such as caring for elderly parents or navigating divorce. Aries Wealth Management takes a holistic approach to financial planning, addressing each client's unique needs and concerns. The firm offers a range of services, including retirement planning, investment management, estate planning, and tax planning, among others. By partnering with Aries Wealth Management, clients in Cumberland County, ME can enjoy the peace of mind that comes with having a trusted advisor by their side every step of the way.
Services Offered by Aries 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 Aries 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.
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
Firm Headquarters
This firm has no other locations.
State Registrations
Aries Wealth Management, LLC is registered to service clients in the following states:
- Florida
- Maine
- Massachusetts
- New Hampshire
- New York
Disciplinary History
Aries Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.