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
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
- Commissions
Element Wealth, LLC Overview
Element Wealth, LLC is a fee-based registered investment advisory firm that has been providing investment advice for individuals and small businesses since 2003. Located in Ridgeland, MS, this firm operates as an insurance broker/agent and offers portfolio management as well as financial planning services to its clients. Element Wealth is uniquely positioned to assist its clients as they navigate the sometimes daunting world of investments and can guide them through all aspects of the investment process. This firm's focus on providing investment advice and portfolio management as a fee-based service means that their clients can be confident that their interests are always being put first. Additionally, Element Wealth's experience in the industry means that they are well-versed in all aspects of the investment process, making them an excellent resource for those looking to start investing or those who are looking to adjust their investment portfolio. The financial planning services offered by Element Wealth are tailored to meet the unique needs of each individual and small business. Whether it is retirement planning, education planning, or estate planning, Element Wealth has the expertise to help its clients achieve their financial goals. So whether you are a first-time investor or an experienced one, Element Wealth is here to provide the guidance and support needed to make informed investment decisions.
ELEMENT WEALTH, LLC is a financial advisory firm that serves a diverse clientele. Their services cater to individuals who seek guidance in investment management, retirement planning, estate planning, and more. High net worth individuals, who require sophisticated strategies for wealth preservation and management, are also among the firm's clients. ELEMENT WEALTH, LLC also serves pension or profit sharing plans, providing fiduciary services and investment advisory solutions. Charitable organizations who require guidance in managing their endowments and other invested funds may also benefit from the firm's expertise. ELEMENT WEALTH, LLC offers fee structures that are tailored to each client's specific needs. One of their pricing models is based on a percentage of assets under management (AUM), which is a common fee arrangement for investment management services. For clients who require financial planning or consulting, a fixed fee may be charged depending on the scope and complexity of the work. Lastly, the firm may receive commissions for certain products or services, such as insurance or securities transactions. Clients can rest assured that ELEMENT WEALTH, LLC is committed to transparency and works diligently to provide objective and unbiased advice in all their engagements.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure note for Element Wealth, LLC mentions that they have a minimum account size, but they may waive this requirement based on their discretion. They may also combine the account values for different types of related accounts to meet the stated minimum. Therefore, the firm's investment minimum is not explicitly stated, but it can vary depending on the individual's circumstances and the firm's decision.
How This Office Can Help Rankin County, MS Residents
Element Wealth understands the unique financial needs and challenges that clients in Rankin County, MS may face. Whether you are saving for retirement, managing debt, or investing in your children's education, Element Wealth has the expertise to help you achieve your goals. One of the primary financial concerns for people in Rankin County, MS is the cost of healthcare. With rising healthcare costs, it can be difficult to budget for unexpected medical expenses. Element Wealth offers a range of financial planning services to help clients prepare for future medical expenses. Additionally, the firm can also help clients navigate Medicare and Medicaid programs, as well as health savings accounts (HSAs), so they can maximize their benefits and save money on healthcare costs. Beyond healthcare, Element Wealth also helps clients in Rankin County plan for their retirement, manage their taxes, and invest their assets to grow their wealth over time.
Services Offered by Element Wealth, 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 Element Wealth, 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.
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.
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)
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 AM–5 PM
- Tue 8 AM–5 PM
- Wed 8 AM–5 PM
- Thu 8 AM–5 PM
- Fri 8 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
State Registrations
Element Wealth, LLC is registered to service clients in the following states:
- Alabama
- Florida
- Louisiana
- Mississippi
- Tennessee
- Texas
Disciplinary History
Element Wealth, LLC does not have any disclosures. Please visit it's Form ADV for more details.