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)
- Fixed Fees (Other than subscription)
Fiduciary Wealth Advisors, LLC Overview
FIDUCIARY WEALTH ADVISORS, LLC is a registered investment advisory firm that provides investment advice only. The firm is headquartered in Sarasota, FL, and has been in business since 2018. Their fee arrangement is fee-only, which means that they do not receive any commissions from the investments they recommend to their clients. Instead, they charge a fee based on the services they provide. The firm offers a range of services, including financial planning and portfolio management for individuals and small businesses. They work closely with their clients to understand their financial goals and develop personalized investment plans that align with their objectives. Their team of advisors has extensive experience in the financial industry and uses their knowledge to provide sound investment advice to their clients. FIDUCIARY WEALTH ADVISORS, LLC upholds a strict fiduciary standard, which means that they always act in their clients' best interest. They prioritize transparency and honesty in all their dealings with clients, ensuring that they are fully informed about their investment options and the risks involved. This commitment to ethical practices and client care sets them apart from other investment advisory firms in the industry.
Fiduciary Wealth Advisors, LLC is a comprehensive financial planning and investment management firm that caters to a diverse range of clients, from individuals to high net worth individuals. Their expert guidance and personalized approach have helped countless individuals achieve their financial goals and secure their financial future. Fiduciary Wealth Advisors, LLC offers a variety of fee structures to their clients, depending on the service provided. The percentage of AUM (Assets Under Management) fee structure is the most common, where clients pay a percentage of their assets managed by the firm. This fee structure is based on the notion that the firm’s performance is tied to the performance of their clients’ portfolios. For clients who don't want to pay a percentage of their assets or have a lower amount invested, fixed fees are also available. Fixed fees are structured in a way that clients pay a set amount for specific services, which can include financial planning, investment management, or retirement planning. This fee structure is typically best suited for clients with smaller portfolios or for clients who only require specific services. Overall, Fiduciary Wealth Advisors, LLC offers a wide range of fee structures to meet the needs of their clients' financial situations, ensuring a personalized experience that facilitates successful wealth management.
Typical Clients, Fee Structures & Investment Minimum
FIDUCIARY WEALTH ADVISORS, LLC does not mention an investment minimum in their Part 2 Brochure. They state that they do not require a minimum dollar amount to open and maintain an advisory account but have the right to terminate an account if it falls below a minimum size which they determine is too small to manage effectively.
How This Office Can Help Sarasota, FL Residents
Fiduciary Wealth Advisors is dedicated to assisting clients with a variety of financial needs. Whether someone is planning for retirement, looking to diversify their investment portfolio, or concerned about estate planning, they can count on our expertise and guidance. As residents of Sarasota, FL, clients may be facing unique financial situations due to the region's high cost of living, tourism-driven economy, and aging population. For those planning for retirement, our advisors can help clients navigate the complex world of Social Security, Medicare, and other retirement benefits. We can also help them assess their current savings and investments and develop a plan to ensure they have enough money to last throughout retirement. For investors, we offer a range of investment options and strategies to help them reach their financial goals in today's market. And for those concerned about estate planning, we can help them develop a tax-efficient plan that ensures their assets are passed down according to their wishes. At Fiduciary Wealth Advisors, we strive to serve our clients' unique needs and goals with dedication and commitment.
Services Offered by Fiduciary Wealth 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 Fiduciary Wealth 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.
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
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
- Mon 9 AM–4:30 PM
- Tue 9 AM–4:30 PM
- Wed 9 AM–4:30 PM
- Thu 9 AM–4:30 PM
- Fri 9 AM–4 PM
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
State Registrations
Fiduciary Wealth Advisors, LLC is registered to service clients in the following states:
- Florida
Disciplinary History
Fiduciary Wealth Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.