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
- Fixed Fees (Other than subscription)
Clark Asset Management, LLC Overview
Clark Asset Management, LLC is a fee-only registered investment advisory firm headquartered in Portsmouth, NH. Since its inception in 2021, the firm has been providing investment advice services to individuals and small businesses. As an investment advice-only firm, Clark Asset Management does not sell financial products, meaning their focus remains solely on meeting their clients' investment needs. Their services include financial planning and portfolio management. Their financial planning approach centers on understanding their clients' unique financial goals and tailoring customized plans to achieve them. Meanwhile, their portfolio management services are designed to help clients manage their investments strategically in line with their specific objectives, risk tolerance, and time horizon. As a fee-only firm, Clark Asset Management charges clients a flat fee for their services with no hidden costs or commissions, thereby ensuring transparency and objectivity in their recommendations. The firm strives to build lasting relationships with their clients and work collaboratively with them towards achieving their financial objectives.
CLARK ASSET MANAGEMENT, LLC has a diverse range of clients, catering to individuals from various backgrounds. The firm gives equal attention to all its clients, regardless of their financial status. The firm's clientele includes high net worth individuals seeking personalized and tailored financial planning. The firm understands the significance of client trust and aims to provide the best possible investment advisory services. CLARK ASSET MANAGEMENT, LLC offers different fee structures according to the type of service provided. The firm offers fixed fees, which involve charging a set amount for a specified service or package. This fee structure is particularly useful for clients seeking a specific range of services and prefer predictable expenses. The fixed fee structure provides the client with a clear and mutual understanding of the services to be provided and the associated cost. This type of fee structure ensures transparency and allows for an accurate estimation of the overall expenses that the client will incur. The firm also offers other fee structures like hourly fees, asset-based fees, and hybrid models. The fees vary depending on the complexity of the services provided, the size of the asset portfolio, and the time required to manage the investment. CLARK ASSET MANAGEMENT, LLC's flexible approach ensures that the client's financial needs are met, and transparency is maintained.
Typical Clients, Fee Structures & Investment Minimum
According to CLARK ASSET MANAGEMENT, LLC's Part 2 Brochure note about investment minimums, the firm does not have a minimum account size requirement. However, it is specified that the wealth management service is most appropriate for clients with $1 to $10 million in investable assets and moderate to high financial planning complexity.
How This Office Can Help Strafford County, NH Residents
Clark Asset Management, LLC provides comprehensive financial planning and investment management services to clients in Strafford County, NH. The firm recognizes that each client has unique financial needs and goals, and works closely with them to develop customized investment strategies that align with their objectives. The team at Clark Asset Management, LLC is committed to helping clients achieve financial security and independence by providing expert advice and sound investment guidance. Residents of Strafford County, NH may face a variety of financial challenges, such as planning for retirement, managing debt, saving for college, and creating an estate plan. Clark Asset Management, LLC can provide guidance on all of these issues, helping clients navigate complex financial decisions and make informed choices about their investments. Whether it's developing a personalized retirement plan, creating a diversified investment portfolio, or managing risk through asset allocation and tax planning strategies, the team at Clark Asset Management, LLC is committed to helping clients achieve their financial goals and secure their financial future.
Services Offered by Clark Asset 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 Clark Asset 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
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
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.
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
Firm Headquarters
This firm has no other locations.
State Registrations
Clark Asset Management, LLC is registered to service clients in the following states:
- Massachusetts
- New Hampshire
- Texas
Disciplinary History
Clark Asset Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.