Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
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
- Fixed Fees (Other than subscription)
- Commissions
Acorn Wealth Advisors, LLC Overview
ACORN WEALTH ADVISORS, LLC is a fee-based investment advisory firm that has been in business since 2014. Based in Grand Blanc, MI, the firm offers a range of services to its clients. With expertise as a real estate broker-dealer/agent and insurance broker/agent, ACORN WEALTH ADVISORS provides investment advice, financial planning and pension consulting services. The firm offers portfolio management services for individuals and small businesses seeking the best possible returns on their investments. ACORN WEALTH ADVISORS has established itself as a trustworthy and reliable firm in Michigan, providing comprehensive financial solutions to its clients. Their commitment to a fee-based fee arrangement means clients can rest assured that the firm's advisors are offering advice that is not influenced by commissions or hidden fees. ACORN WEALTH ADVISORS' experienced advisors work collaboratively to develop customized investment portfolios that align with their clients' financial goals. The firm's dedication to its clients' success is reflected in its range of services, including financial planning, portfolio management, and pension consulting services. With its vast knowledge as a real estate broker-dealer/agent and insurance broker/agent, ACORN WEALTH ADVISORS is well-equipped to help clients navigate the complexities of the modern financial landscape. By leveraging its experience and expertise, the firm is committed to helping its clients achieve long-term financial success.
ACORN WEALTH ADVISORS, LLC is a financial advisory firm that caters to a diverse set of clients who have varying financial needs. From individuals seeking guidance on savings and investment strategies to high net worth individuals looking to manage their wealth, the firm provides customized solutions to help its clients achieve their financial goals. The firm's clients hail from different backgrounds and industries, including business owners, doctors, lawyers, and retirees. One of the unique aspects of ACORN WEALTH ADVISORS, LLC is its flexibility in fee structures. Depending on the service provided, clients can choose from a range of fee models that best fit their needs. The firm offers percentage of AUM (Assets Under Management) fee structure where the fee charged is a percentage of the client's total investment portfolio, a model favored by the majority of their clients. Clients working on specific projects or with shorter-term financial goals may prefer hourly fee arrangements, while those requiring comprehensive financial planning may opt for a fixed fee arrangement. Additionally, for clients who buy or sell investment products, the firm may earn commissions as compensation. ACORN WEALTH ADVISORS, LLC is committed to helping its clients realize their financial objectives while offering them the freedom to choose the best fee structure for their unique circumstances.
Typical Clients, Fee Structures & Investment Minimum
According to the Part 2 Brochure of Acorn Wealth Advisors, LLC, the firm has an investment minimum of $500,000 per client relationship. The brochure states that "We generally require a minimum account size of $500,000 per client relationship" under the "Services, Fees, and Compensation" section. Therefore, potential clients should be aware that the firm requires a significant investment amount before considering their services.
How This Office Can Help Grand Blanc, MI Residents
Century Management Financial Advisors is an industry-leading financial advisory firm that provides tailored solutions to clients in Taylor, TX. With years of experience in the financial services industry, the firm's team of dedicated professionals offers expert advice on a wide range of financial matters such as investments, estate planning, retirement savings, and tax planning, amongst others. Someone living in Taylor, TX, or the surrounding area, may be facing financial situations such as saving enough for retirement, managing investments, paying for college tuition, or planning for their future. Century Management Financial Advisors provides customized financial plans and strategies to help their clients tackle these financial challenges and achieve their long-term financial goals. By leveraging sophisticated financial planning tools and personalized investment strategies, the firm's advisors are able to build a comprehensive financial plan that effectively addresses the unique needs of their clients in Taylor, TX.
Services Offered by Acorn Wealth Advisors, 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 Acorn Wealth Advisors, 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.
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
Acorn Wealth Advisors, LLC is registered to service clients in the following states:
- Arizona
- California
- Florida
- Illinois
- Louisiana
- Michigan
- Texas
- Wisconsin
Disciplinary History
Acorn Wealth Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.