Firm Info
Firm Size
Services Offered
- Portfolio Management for Individuals & Small Businesses
- Selection of Others Advisors
- Publication of Periodicals or Newsletters
- Educational Seminars & Workshops
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)
- Other
Blue Ridge Wealth Planners Overview
Blue Ridge Wealth Planners is an investment advisory firm that provides portfolio management services to individuals and small businesses. The firm operates on a fee-based structure, meaning clients pay a fee for the services provided rather than commissions on investment transactions. The headquarters of Blue Ridge Wealth Planners is located in Knoxville, TN, where the firm has been in operation since 2022. As an investment advice-only registered advisory firm, Blue Ridge Wealth Planners specializes in offering expert investment advice to its clients. The firm's services extend beyond traditional portfolio management to include the selection of other advisors and the publication of periodicals or newsletters to keep clients informed about important developments in the industry. Additionally, Blue Ridge Wealth Planners offers educational seminars and workshops to help clients stay up-to-date on the latest strategies and techniques for building and managing wealth. Blue Ridge Wealth Planners is committed to putting the needs of its clients first and providing them with the guidance they need to achieve their financial goals. The firm's team of experienced investment professionals is dedicated to providing top-quality service and personalized attention to each client, ensuring that every investment decision is in their best interests. If you are seeking a trusted advisor to help guide your financial future, consider reaching out to Blue Ridge Wealth Planners today.
BLUE RIDGE WEALTH PLANNERS serves a variety of clients, including individuals and high net worth individuals. With a focus on wealth planning, the firm tailors its services to meet the unique financial needs of each client. Whether a client is looking to create a comprehensive financial plan, build a retirement portfolio, or simply invest their funds, BLUE RIDGE WEALTH PLANNERS offers a variety of strategies to help clients achieve their financial goals. When it comes to fee structures, BLUE RIDGE WEALTH PLANNERS offers a range of options depending on the services provided. For clients who opt for investment management services, the firm charges a percentage of assets under management (AUM). This fee can vary depending on the size of the account and the amount of assets being managed. Other types of fees may also be available depending on the specific services requested from the firm. Regardless of fee structure, BLUE RIDGE WEALTH PLANNERS strives to offer transparent pricing and value-driven services to its clients.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for Blue Ridge Wealth Planners does not mention anything about an investment minimum.
How This Office Can Help Knox County, TN Residents
Edward Jones Financial Advisor Lindsay Cox, AAMS® assists clients in Lexington County, SC by providing personalized financial planning and investment advice specific to their individual goals and needs. Cox takes a holistic approach to her clients' finances, taking into account key factors such as income, debt, retirement goals, and emergency savings. Lexington County residents may face unique financial situations such as saving for their children's education, managing debt while preparing for retirement, and navigating complex tax laws. Cox is able to help clients develop a customized financial plan that addresses these challenges and optimizes their financial future. Additionally, she helps clients stay informed and educated about their investment options, ensuring that they make informed decisions and are not blindsided by market volatility. With Cox by their side, clients in Lexington County can feel confident and empowered in their financial decisions.
Services Offered by Blue Ridge Wealth Planners
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 Blue Ridge Wealth Planners 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.
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
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.
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).
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
Blue Ridge Wealth Planners is registered to service clients in the following states:
- Florida
- Georgia
- Tennessee
- Texas
Disciplinary History
Blue Ridge Wealth Planners does not have any disclosures. Please visit it's Form ADV for more details.