Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Publication of Periodicals or Newsletters
- Educational Seminars & Workshops
- Other
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Charitable Organizations
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
- Other
Law & Associates Inc Overview
LAW & ASSOCIATES INC is an independent financial advisory firm that has been providing investment advice to individuals and small businesses since 1982. The firm is headquartered in Glen Echo, MD, and operates on a fee-only basis. As an insurance broker/agent, LAW & ASSOCIATES INC offers a wide range of financial services, including financial planning, portfolio management, and publication of periodicals or newsletters. In addition to traditional investment advice, LAW & ASSOCIATES INC also offers educational seminars and workshops to help clients better understand their financial options. The firm takes pride in offering personalized and customized advice to each of its clients. Moreover, to meet the specific needs of its clients, LAW & ASSOCIATES INC provides divorce planning services to help clients adjust to their newly divorced financial situation. Overall, LAW & ASSOCIATES INC's expertise in financial planning combined with its educational seminars, newsletters, and other personalized services make it an ideal destination for individuals and small businesses looking for reliable investment advice. Their decades of experience in this field have earned them a prominent reputation in the investment advisory space.
LAW & ASSOCIATES INC serves a wide range of clients including individuals, high net worth individuals and charitable organizations. Their clients come from diverse backgrounds and industries ranging from finance, media, healthcare and real estate. The firm's expertise and experience in counseling their clients have garnered them a strong reputation in the industry. LAW & ASSOCIATES INC offers its clients flexible and customized fee structures depending on the services provided. The firm's fee structures include percentage of Assets Under Management (AUM), hourly, fixed fees and other types of fees. Percentage of AUM is a fee based on a percentage of the total assets managed by the firm on a client's behalf. Hourly fees are charged on an hourly basis for services rendered by the firm. Fixed fees are charges that remain consistent over an agreed period for a set of services whereas other types of fees could include a combination of any of the aforementioned fee structures depending on client needs and preferences. LAW & ASSOCIATES INC ensures its clients get the value they deserve through their transparent fee structures, expert advice, and personalized service.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for LAW & ASSOCIATES INC does not mention an investment minimum.
How This Office Can Help Glen Echo, MD Residents
As a Financial Advisor at Ameriprise Financial Services, LLC, Charles Thensted is committed to helping his clients in Metairie, LA achieve their financial goals. Charles works closely with individuals and families to understand their unique financial situations and create customized plans that align with their long-term objectives. He believes in a holistic approach to financial planning, considering factors such as retirement planning, estate planning, investments, and risk management to develop comprehensive strategies that meet his clients' needs. Metairie, LA, can be a challenging place for individuals seeking financial stability due to the area's high cost of living and diverse economic landscape. Charles specializes in helping clients navigate the complex financial landscape in Metairie and the surrounding areas. He assists clients in developing plans to build and protect their assets, manage their debt, and plan for retirement. Charles also works closely with small business owners to understand their needs and help them create strategies to maximize their company's profitability. With his extensive financial knowledge and personalized approach to planning, Charles is dedicated to helping his clients achieve their financial objectives and live their best lives.
Services Offered by Law & Associates Inc
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 Law & Associates Inc 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.
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.
Unavailable
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).
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
Law & Associates Inc is registered to service clients in the following states:
- California
- District of Columbia
- Florida
- Maryland
- New York
- North Carolina
- Oregon
- Pennsylvania
- Texas
- Virginia
Disciplinary History
Law & Associates Inc does not have any disclosures. Please visit it's Form ADV for more details.