Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Amicus Financial Advisors, LLC Overview
AMICUS FINANCIAL ADVISORS, LLC is an investment advisory firm that specializes in providing investment advice only. Established in 2018, AMICUS FINANCIAL ADVISORS, LLC has quickly established itself in the industry and has its headquarters based in Lubbock, Texas. The firm operates on a fee-only basis and commits itself to providing high quality financial planning and portfolio management services to its clients. At AMICUS FINANCIAL ADVISORS, LLC, clients can expect only the highest level of services as the firm is dedicated to tailoring its financial planning advice to the unique needs of each individual or small business. The firm's financial planning services help clients to create a comprehensive plan of their financial future that will help them to achieve their financial goals. The portfolio management services offered by AMICUS FINANCIAL ADVISORS, LLC are designed to help its clients make intelligent and informed investment decisions that will result in the growth and protection of their investment portfolio. Recognizing the importance of portfolio diversification and tailored asset allocation, AMICUS FINANCIAL ADVISORS, LLC is committed to developing custom portfolios that align with each client's financial objectives and risk tolerance.
AMICUS FINANCIAL ADVISORS, LLC is a financial advisory firm that caters to a diverse range of clients. The firm is equipped to handle the investment needs of individuals of all backgrounds, as well as high net worth individuals seeking bespoke financial solutions. They also offer their services to pension or profit sharing plans, charitable organizations, and other types of corporations. With their extensive knowledge and expertise, AMICUS FINANCIAL ADVISORS, LLC provides tailored financial advice to their clients, regardless of their financial situation or investment goals. In terms of fee structures, AMICUS FINANCIAL ADVISORS, LLC provides various payment options depending on the services rendered. Clients can opt to pay a percentage of their assets under management, allowing them to have greater flexibility in investment decisions and portfolio management. Alternatively, clients may choose to pay an hourly rate for consultations and financial planning advice. Fixed fees are also available depending on the scope of work required for a project. This range of fee structures allows clients to choose a payment method that is best suited for their unique financial needs and preferences. With AMICUS FINANCIAL ADVISORS, LLC, clients can trust that they are getting transparent and tailored solutions that prioritize their financial growth and success.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for Amicus Financial Advisors, LLC does not mention an investment minimum.
How This Office Can Help Lubbock County, TX Residents
Amicus Financial Advisors, LLC aims to assist its clients in Lubbock County, TX to achieve their financial goals despite their unique financial situations. For instance, a typical resident of Lubbock County may be facing challenges like planning for their retirement, growing and managing their wealth, and protecting their assets from liabilities. Amicus Financial Advisors, LLC has a team of professionals that can help such clients to develop and implement personalized financial strategies. The firm's services include financial planning, investment management, risk management, and retirement planning. The financial planning service can assist clients in identifying their financial goals and help to develop a roadmap for achieving them. Additionally, investment management can help clients invest their money in ways that are consistent with their goals and risk tolerance. With the risk management service, clients can protect their assets and minimize their exposure to potential liabilities. Amicus Financial Advisors, LLC's retirement planning service helps clients navigate the complex array of options to create sustainable retirements. Overall, Amicus Financial Advisors, LLC is a valuable resource for Lubbock County residents seeking expert financial advice and guidance.
Services Offered by Amicus Financial 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 Amicus Financial 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
Amicus Financial Advisors, LLC is registered to service clients in the following states:
- California
- Colorado
- New Mexico
- Pennsylvania
- Texas
- Utah
- Wisconsin
Disciplinary History
Amicus Financial Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.