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
Jackson Wealth Management, LLC Overview
Ameriprise Financial Services, LLC is a fee-based registered investment advisory firm that has been operating since 1986 and is headquartered in Minneapolis, MN. The firm is a broker-dealer, commodity pool operator/advisor, insurance broker/agent, and provides investment advice to its clients. The firm offers a range of services to its clients, including financial planning, portfolio management for individuals and small businesses, portfolio management for businesses or institutional clients, pension consulting services, selection of other advisors, publication of periodicals or newsletters, educational seminars and workshops, and asset allocation services. The firm's asset allocation services are particularly notable, as they help clients allocate their investment portfolios across different asset classes to help manage risk and achieve their investment goals. Overall, Ameriprise Financial Services, LLC provides a comprehensive suite of financial services to meet the needs of its clients.
rate flat fee commission-based JACKSON WEALTH MANAGEMENT, LLC proudly caters to a diverse array of clients, from individual investors seeking financial stability to high net worth individuals requiring specialized attention. As a comprehensive wealth management firm, JACKSON WEALTH MANAGEMENT, LLC takes pride in crafting personalized strategies that cater to each client's unique financial objectives and risk tolerance. To accommodate the varied needs of their clients, JACKSON WEALTH MANAGEMENT, LLC offers a selection of fee structures. These include a percentage of assets under management, an hourly rate, a flat fee, and commission-based compensation. Clients able to entrust JACKSON WEALTH MANAGEMENT, LLC with managing their entire portfolio can leverage the percentage of AUM model, while those seeking specific or one-time services can opt for the hourly rate or flat fee. Commissions are also an option under specific conditions, such as selling financial products to clients, with full transparency and disclosure of fees provided every step of the way. Regardless of the fee structure selected, JACKSON WEALTH MANAGEMENT, LLC aims to provide exceptional value and result in positive financial outcomes for their clients.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for Ameriprise Financial Services, LLC does not mention a specific investment minimum. However, it does state that the firm is generally appropriate for individuals who have "sufficient assets and income to begin addressing those goals." This suggests that the firm may have some sort of minimum account size or investment requirement, but it is not specified in the brochure. It is recommended to contact the firm directly to inquire about any minimum investment requirements.
How This Office Can Help Findlay, OH Residents
Edward Jones - Financial Advisor: Mike Dube, AAMS® is dedicated to providing personalized financial advice to clients in Red Wing, MN. Mike Dube has vast knowledge and experience in the finance industry; hence, he can help clients navigate the complex world of finance. He works with clients to understand their unique financial goals and creates tailored strategies to help them achieve their goals. Red Wing, MN residents face various financial situations, including retirement planning, investment planning, debt management, and estate planning. Mike Dube assists clients in exploring investment opportunities and building portfolios that align with their financial goals while minimizing risk. He provides advice on retirement planning, including setting retirement goals, saving for retirement, and developing a comprehensive retirement plan. Mike Dube also highlights the importance of estate planning by outlining the options available and creating an individualized plan that suits clients' needs. Overall, Mike Dube is committed to helping clients in Red Wing, MN achieve financial success by providing them with personalized, comprehensive financial planning services.
Services Offered by Jackson 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 Jackson 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.
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
Firm Headquarters
This firm has no other locations.
State Registrations
Jackson Wealth Management, LLC is registered to service clients in the following states:
- Alabama
- California
- Florida
- Georgia
- Louisiana
- Maine
- Michigan
- New York
- North Carolina
- Pennsylvania
- South Carolina
- Tennessee
- Texas
- Virginia
Disciplinary History
Jackson Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.