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
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
United Wealth Management, LLC Overview
UNITED WEALTH MANAGEMENT, LLC is a fee-only registered investment advisory firm based in Charlottesville, VA. The company has been in business since 2020 and specializes in providing investment advice to individuals and small businesses. As a fee-only firm, clients can trust that the firm's interests are aligned with theirs, as they do not earn commissions or fees from the sale of financial products. UNITED WEALTH MANAGEMENT offers financial planning services designed to help clients achieve their financial goals and build wealth. The firm works with clients to develop customized financial plans that take into account their unique circumstances, including their income, expenses, assets, and liabilities. Their financial planning services cover a wide range of topics, including retirement planning, college savings, estate planning, and tax planning. In addition to financial planning, UNITED WEALTH MANAGEMENT provides portfolio management services to individuals and small businesses. The firm creates portfolios that are tailored to each client's risk tolerance, investment objectives, and time horizon. Clients can choose from a range of portfolio management styles, including passive and active management strategies to help them achieve their investment goals. Overall, UNITED WEALTH MANAGEMENT is a trusted investment advisory firm that provides financial planning and portfolio management services to help individuals and small businesses achieve their financial goals. With a focus on fee-only advice, the firm is dedicated to putting clients' interests first and providing the highest level of service.
UNITED WEALTH MANAGEMENT, LLC serves a diverse range of clients, including individuals and high net worth individuals seeking tailored financial advice. The firm is dedicated to providing comprehensive and customized solutions to meet the unique needs of each client. Whether a client is in need of investment management, retirement planning, or wealth preservation, UNITED WEALTH MANAGEMENT, LLC is committed to delivering the highest level of service and expertise. Fee structures for services provided by UNITED WEALTH MANAGEMENT, LLC vary depending on the specific needs of each client. For those seeking investment management services, fees are typically calculated as a percentage of Assets Under Management (AUM). Hourly fees may be charged for one-time consultations or for specific projects. Additionally, fixed fees may be charged for services such as financial planning or estate planning. The firm's fee structures are transparent and designed to provide clients with flexibility and peace of mind. With UNITED WEALTH MANAGEMENT, LLC, clients can be confident they are receiving expert financial guidance that prioritizes their unique goals and needs.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for UNITED WEALTH MANAGEMENT, LLC does not mention an investment minimum for their investment advisory services.
How This Office Can Help Platteville, WI Residents
United Wealth Management provides comprehensive financial planning and investment management solutions to assist clients in Platteville, WI. We work closely with our clients to understand their unique financial situations and tailor our services to meet their specific needs. Platteville, WI is a small college town with a diverse population and a range of financial situations. Some residents may be struggling with high student loan debt or the cost of living, while others may be looking to save for retirement or invest in their children's education. United Wealth Management can offer guidance in all of these areas and more, helping clients to establish financial goals and develop a plan to achieve them. Our team can also provide ongoing support and advice to help clients navigate unexpected financial challenges and make informed decisions about their future.
Services Offered by United 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 United 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.
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
- Mon 8:30 AM–4:30 PM
- Tue 8:30 AM–4:30 PM
- Wed 8:30 AM–4:30 PM
- Thu 8:30 AM–4:30 PM
- Fri 8:30 AM–4:30 PM
- Sat Closed
- Sun Closed
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
United Wealth Management, LLC is registered to service clients in the following states:
- Alabama
- California
- Colorado
- Florida
- Illinois
- Kansas
- Maryland
- North Carolina
- Pennsylvania
- Texas
- Virginia
Disciplinary History
United Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.