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
- Other
Types of Clients
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
- Commissions
Southern Wealth Management Llp Overview
Southern Wealth Management LLP is a Dallas, TX-based registered investment advisory firm that has been in business since 2005. As a fee-based firm, they provide investment advice and financial planning services, along with portfolio management for individuals, small businesses, and institutional clients. They also offer pension consulting services and selection of other advisors. Additionally, Southern Wealth Management provides consulting, accounting, and tax preparation services to their clients. Their team of experienced advisors understands that managing wealth can be a complex and overwhelming task and they work closely with their clients to ensure they have a thorough understanding of each client's unique financial situation and goals. By doing this, they create personal and tailored solutions to help their clients grow their wealth. Whether it's managing investments or developing a comprehensive financial plan, clients can trust Southern Wealth to provide unbiased advice and guidance to help them achieve their financial objectives. With a focus on providing exceptional customer service and delivering quality results, Southern Wealth stands out from other investment advisory firms. Their expertise, integrity, and dedication have helped them build long-lasting relationships with their clients, making them one of the most respected firms in the industry.
Southern Wealth Management LLP serves a wide range of clients, with a focus on high net worth individuals and charitable organizations. In addition to these client types, the firm also serves other corporate entities that can benefit from their wealth management and financial planning services. Southern Wealth Management LLP offers a variety of fee structures to suit the needs of their clients. Depending on the service provided, clients may be charged a percentage of their assets under management, an hourly rate, a fixed fee, or commissions. These fee structures provide flexibility for clients, allowing them to choose the option that best fits their financial situation and needs. The firm's experienced financial advisors are always available to help clients understand these fee structures and choose the best option for their unique circumstances.
Typical Clients, Fee Structures & Investment Minimum
Southern Wealth Management LLP has an investment minimum of $1,000,000 of assets under management for their investment advisory service. The Part 2 Brochure note states that clients with portfolio values less than $1,000,000 may find comparable services at more favorable pricing elsewhere. It is important to note that there is an implied minimum fee of $10,000. However, the account size and fee structure may be negotiable under certain circumstances, and Southern Wealth may group certain related client accounts to achieve the minimum account size and determine the annualized fee.
How This Office Can Help Dallas, TX Residents
Edward Jones Financial Advisor Charles C Kessler III, AAMS® serves clients residing in Glendale, AZ, by providing customized financial solutions. He helps clients in various financial situations, including retirement planning, wealth management, asset protection, and estate planning. Suppose someone living in Glendale has a significant amount of debt or has recently gone through a divorce or job loss. In that case, Charles will evaluate their financial situation, devise a plan to eliminate debt, and create a budget for rebuilding their financial stability. Another common financial struggle that someone living in Glendale may face is saving for college education. Charles will work with clients in this situation to develop a personalized strategy to help them save for their children's education while also achieving their other financial goals. As a financial advisor, Charles C Kessler III, AAMS®, takes a comprehensive approach to understand and resolve clients' financial challenges, ultimately improving their financial futures.
Services Offered by Southern Wealth Management Llp
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 Southern Wealth Management Llp 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.
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.
Unavailable
Subscription (Newsletter or Periodical)
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
Southern Wealth Management Llp is registered to service clients in the following states:
- Arizona
- California
- Florida
- Louisiana
- Ohio
- Oklahoma
- Texas
Disciplinary History
Southern Wealth Management Llp does not have any disclosures. Please visit it's Form ADV for more details.