Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
- Selection of Others Advisors
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
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
Enso Wealth Management, LLC Overview
Enso Wealth Management, LLC is a fee-only investment advisory firm that has been in operation since 2017. The headquarters for the company are located in Petaluma, California. The firm is registered to offer investment advice only. As a result, Enso Wealth Management does not sell any investment products, and their advisors do not earn any commissions from investment products they may recommend to clients. The main services provided by Enso Wealth Management include financial planning, portfolio management for individuals and small businesses, and pension consulting services. Their financial planning services assist clients in creating personalized financial plans that align with their long-term financial goals. This includes budgeting, retirement planning, tax planning, and more. Their portfolio management services provide clients with a tailored investment approach to help them achieve their financial objectives. Enso Wealth Management also offers pension consulting services. This service is targeted to small business owners who want to set up a pension plan for their employees. Lastly, the company has an advisor selection service. Through this service, clients who are looking for additional financial help can rest assured that their advisor recommendations are thoroughly vetted by Enso Wealth Management's team.
ENSO WEALTH MANAGEMENT, LLC offers a range of services and fee structures to cater to a diverse set of clients. They serve individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, and other types of corporations not listed. The team at ENSO WEALTH MANAGEMENT, LLC recognizes that each client is unique and has different financial goals, which is why they provide customized solutions to each client. The firm is committed to delivering personalized attention and tailored financial strategies to help their clients achieve their goals. ENSO WEALTH MANAGEMENT, LLC provides clients with the flexibility to choose from different fee structures depending on the service provided. For asset management services, clients can choose to pay a percentage of the assets under management (AUM). This fee structure is ideal for clients looking to grow their portfolio, as it aligns the firm's compensation with the client's investment performance. For clients who need a more comprehensive financial management plan, a fixed fee structure may be more appropriate. This fee structure allows clients to pay a flat rate for the services provided, regardless of the size of their portfolio. The team at ENSO WEALTH MANAGEMENT, LLC prides itself on being transparent about their fee structures and providing their clients with the best possible value for their investment.
Typical Clients, Fee Structures & Investment Minimum
According to the note in their Part 2 Brochure, Enso Wealth Management, LLC does not require a minimum household balance for their Comprehensive Portfolio Management service. However, they do charge a minimum fee of $3,500 for written financial plans. The brochure does not mention any other investment minimums.
How This Office Can Help Sonoma, CA Residents
West Coast Financial provides comprehensive financial planning, investment management, and retirement solutions to clients in Santa Barbara County, CA. They understand that every client has unique financial needs, and therefore, they offer personalized services to ensure that the clients receive the best financial advice. Living in Santa Barbara County, CA, people might face several financial challenges, including high living expenses, a competitive job market, and unpredictable taxes. West Coast Financial works closely with clients to help them navigate these challenges and create a custom financial plan that aligns with their short-term and long-term financial goals. They provide investment management and retirement solutions that can help clients build wealth, save money, and protect their assets in anticipation of life’s uncertainties. Additionally, West Coast Financial offers estate planning services that can help clients preserve their legacy and ensure their assets are transferred to their loved ones in the most tax-efficient way. Overall, the team at West Coast Financial is committed to delivering exceptional service and a holistic approach to financial planning that will put clients in Santa Barbara County, CA on the fast track to financial success.
Services Offered by Enso 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 Enso 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.
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
Other Office Locations
This firm has no other locations.
Disciplinary History
Enso Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.