Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- 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
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Bluekey Wealth Advisors, LLC Overview
Bluekey Wealth Advisors, LLC is an investment advisory firm that provides fee-only services to its clients. The firm is headquartered in Hollywood, FL, and has been in business since 2019. As a registered investment advisory firm, Bluekey offers investment advice only to its clients. The services offered by Bluekey include financial planning, portfolio management for individuals and small businesses, and portfolio management for businesses or institutional clients. The firm is committed to helping its clients reach their financial goals by providing personalized and comprehensive investment solutions. In addition to its investment advisory services, Bluekey also offers consulting services to its clients. These consulting services can help businesses and individuals make informed decisions about their investments and financial planning. With its focus on providing unbiased and fee-only advice, Bluekey is an excellent choice for anyone looking to manage their investments and build their wealth.
Bluekey Wealth Advisors, LLC is a boutique wealth management firm that caters to a diverse range of clients. The firm's clientele encompasses individuals and high net worth individuals seeking financial advice, portfolio management, and estate planning services. Their clients represent a broad spectrum of professions, including entrepreneurs, executives, retirees, and young professionals. Bluekey Wealth Advisors, LLC's team of experienced advisors analyzes each client's situation individually and customizes the financial plan accordingly. When it comes to fees, Bluekey Wealth Advisors, LLC offers flexibility regarding the payment structure. The fees depend on the type of service provided to the clients. For example, for investment management services, the firm charges a percentage of assets under management (AUM). For financial planning and other advisory services, Bluekey Wealth Advisors, LLC may charge an hourly rate. And for more specialized advisory services, such as estate planning or tax planning, the firm levies fixed fees. The pricing models ensure transparency and help clients understand how the firm is compensated for the services provided. Bluekey Wealth Advisors, LLC is committed to delivering value and quality service to their clients, and their fee structures are designed to align with that vision.
Typical Clients, Fee Structures & Investment Minimum
The investment minimum for BLUEKEY WEALTH ADVISORS, LLC is $250,000 as stated in their Part 2 Brochure note about investment minimums. This amount is required to open and maintain an advisory account with the firm. However, the note also mentions that at their sole discretion, they may waive this requirement. In addition, clients can combine two or more accounts owned by themselves or related family members to meet this investment minimum.
How This Office Can Help Hollywood, FL Residents
At BlueKey Wealth Advisors, we strive to provide our clients in Hollywood, FL with comprehensive financial planning and investment management services. Our team of experienced professionals offers customized solutions tailored to each client’s unique financial situation and goals. We understand that residents of Hollywood may be facing various financial challenges, such as rising living costs, medical expenses, and potential hurricanes or natural disasters. As a result, we work diligently to help our clients develop a comprehensive financial plan that addresses their specific needs and concerns. Our services include investment management, retirement planning, insurance analysis, and estate planning. We also offer tax planning and preparation services to help clients minimize their tax burden. We utilize modern technology and tools to help our clients efficiently manage their investments and monitor their progress towards their financial goals. Whether it’s planning for retirement, saving for college, or managing unexpected financial emergencies, BlueKey Wealth Advisors is here to help clients in Hollywood, FL achieve their financial dreams.
Services Offered by Bluekey 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 Bluekey 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.
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).
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
Bluekey Wealth Advisors, LLC is registered to service clients in the following states:
- Florida
- Texas
Disciplinary History
Bluekey Wealth Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.