Firm Info
Firm Size
Services Offered
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
Epic Wealth Management, LLC Overview
EPIC Wealth Management, LLC is an investment advisory firm located in Oklahoma City, OK. Since their establishment in 2018, they have only offered fee-only services. They specialize in investment advice only and provide portfolio management services for both individuals and small businesses, as well as businesses or institutional clients. Additionally, EPIC Wealth Management provides selection of other advisors for their clients. EPIC Wealth Management is dedicated to offering their clients the best investment advice, with a strong focus on maintaining a fee-only structure. With their experience in providing portfolio management services, they can help individuals and businesses make informed investment decisions. Their goal is to help their clients achieve their financial goals while minimizing risk. As a registered investment advisory firm, EPIC Wealth Management has the necessary expertise and qualifications to advise their clients. They are committed to maintaining a high level of professionalism and integrity in all that they do. By offering investment advice only, they can focus solely on helping their clients build and manage their investment portfolios. EPIC Wealth Management is a reliable and trustworthy financial advisor that clients can depend on to help them achieve their financial goals.
EPIC WEALTH MANAGEMENT, LLC serves a diverse clientele that includes individuals, high net worth individuals, and various other corporate entities. They offer a range of services that cater to these clients' unique needs, such as investment management, financial planning, and estate planning. Their team of experts works collaboratively to deliver custom-tailored solutions and advice that are specific to each client's situation. When it comes to fee structures, EPIC WEALTH MANAGEMENT, LLC offers various options depending on the service provided. For instance, clients who opt for investment management services will typically pay a percentage of assets under management (AUM) as their fee. This is a common and straightforward fee structure that aligns the firm's interests with those of the client. For other services such as financial planning, the firm may charge a flat fee, hourly rate, or a combination of both. These fee structures are designed to provide transparency and ensure that clients know exactly what they can expect to pay for the firm's services. Overall, EPIC WEALTH MANAGEMENT, LLC has a reputation for providing top-notch financial advice and services while offering competitive and transparent fee structures.
Typical Clients, Fee Structures & Investment Minimum
According to EPIC Wealth Management, LLC's Part 2 Brochure, their investment minimum varies depending on the type of account and investment strategy. As they state in their brochure, "Our minimum investment varies by account type and investment strategy, but typically range from $500,000 to $1,000,000 per client account." As such, EPIC Wealth Management, LLC does have an investment minimum, but it is not a fixed amount and varies depending on the situation.
How This Office Can Help Oklahoma County, OK Residents
Epic Wealth Management is a financial services firm that specializes in providing tailored solutions to clients in Oklahoma County, OK. Clients who are residents of Oklahoma County may be facing several financial situations, such as retirement planning, estate planning, investment management, and tax planning. Epic Wealth Management assists clients to navigate these situations and achieve their financial goals. For clients who are nearing retirement, Epic Wealth Management offers retirement planning services such as developing a retirement income strategy, creating a systematic withdrawal plan, and managing assets to maximize income and minimize taxes. For those facing estate planning, Epic Wealth Management provides guidance in drafting wills, establishing trusts, and developing an estate plan. Additionally, Epic Wealth Management offers investment management services such as portfolio management, real estate investments, and alternative investments. Epic Wealth Management also offers tax planning services to help clients minimize their taxes and maximize their after-tax returns. Overall, Epic Wealth Management offers personalized solutions tailored to clients in Oklahoma County, ensuring they achieve financial security and peace of mind.
Services Offered by Epic Wealth Management, 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 Epic Wealth Management, 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.
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).
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
Epic Wealth Management, LLC is registered to service clients in the following states:
- California
- Oklahoma
- Texas
Disciplinary History
Epic Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.