Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
- Educational Seminars & Workshops
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
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
- Other
Peak Wealth Solutions Overview
PEAK WEALTH SOLUTIONS is a registered investment advisory firm that has been in business since 2010. The firm is based in Pepper Pike, OH and has a fee-based fee arrangement in place to provide a more flexible and client-friendly investment advisory service. PEAK WEALTH SOLUTIONS is a broker-dealer representative and an insurance broker/agent, providing investment advice to its growing client base. The firm offers a range of services, including financial planning, portfolio management for individuals, and small businesses, pension consulting services, and educational seminars, and workshops to help its clients achieve financial stability. The team at PEAK WEALTH SOLUTIONS is committed to providing personalized solutions to meet the unique needs of each client. They take the time to understand their clients' financial goals and work collaboratively with them to achieve the desired outcomes. Whether you are an individual, a business owner, or an investor, PEAK WEALTH SOLUTIONS is equipped to help you navigate the complexities of the financial world. With a focus on excellent customer service and a highly experienced team, you can trust that you are in good hands. Contact PEAK WEALTH SOLUTIONS today to schedule a consultation and learn more about their services.
PEAK WEALTH SOLUTIONS, a comprehensive wealth management firm, offers services that cater to the distinct needs of various clients. From individuals seeking guidance with their finances to high net worth individuals looking to maximize their wealth, the firm serves a wide range of clientele. Additionally, PEAK WEALTH SOLUTIONS extends its expertise towards pension or profit sharing plans, providing them with tailored solutions to meet their long-term financial goals. The firm offers different fee structures depending on the service provided. PEAK WEALTH SOLUTIONS provides a percentage-based fee structure based on the client's assets under management (AUM). This fee structure is ideal for clients who want an ongoing wealth management service. Alternatively, clients who require individualized services can opt for hourly fees. Fixed fees are also available for particular services, where the firm charges a predetermined amount for the services provided. Finally, PEAK WEALTH SOLUTIONS also offers other types of fees, including performance-based fees and alternative fee structures. This broad range of fee options allows clients to receive tailored financial solutions that cater to their specific needs.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for Peak Wealth Solutions does not mention anything about an investment minimum. Therefore, it is difficult to determine what their investment minimum may be for potential clients. It is recommended that interested individuals reach out to Peak Wealth Solutions directly to inquire about their investment minimum and other important details about their services.
How This Office Can Help Cuyahoga County, OH Residents
Private Capital Group LLC assists clients in West Hartford, CT in a variety of financial situations. For those who are looking to invest, the firm offers assistance in setting up investment accounts and tailoring investment portfolios to meet specific goals and risk tolerance levels. They also provide ongoing portfolio management and monitoring to ensure that investments are performing as expected. Clients who are nearing retirement or already retired can receive guidance on retirement income planning and optimizing Social Security benefits. For those who are facing a major life event such as divorce or inheritance, Private Capital Group LLC offers support and advice on how to handle these situations from a financial perspective. The firm can also provide guidance on estate planning, including trusts and wills. Additionally, they provide tax planning services to help clients minimize their tax liability and keep more of their hard-earned money. Overall, Private Capital Group LLC is dedicated to helping clients in West Hartford, CT achieve their financial goals and navigate life's unexpected challenges.
Services Offered by Peak Wealth Solutions
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 Peak Wealth Solutions 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.
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.
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).
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–5 PM
- Tue 8:30 AM–5 PM
- Wed 8:30 AM–5 PM
- Thu 8:30 AM–5 PM
- Fri 8:30 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
State Registrations
Peak Wealth Solutions is registered to service clients in the following states:
- Ohio
Disciplinary History
Peak Wealth Solutions does not have any disclosures. Please visit it's Form ADV for more details.