Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- 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
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
Eudaimonia Partners, LLC Overview
EUDAIMONIA PARTNERS, LLC is a Fee Only Registered Investment Advisory Firm based in Winchester, TN. The firm has been providing investment advice since 2016, with its primary focus on offering financial planning, portfolio management for individuals and small businesses, portfolio management for businesses or institutional clients, and pension consulting services. EUDAIMONIA PARTNERS, LLC prides itself on offering investment advice only, without any conflicts of interest that come with commission-based models. This approach ensures clients receive recommendations that are solely in their best interests. At EUDAIMONIA PARTNERS, LLC, the team believes in treating each client as a unique individual. The firm’s financial planning process is tailored to the specific needs of each client. This ensures a customized financial plan that reflects their goals, risk tolerance, and financial situation. The firm’s portfolio management services are designed to help clients achieve their investment objectives by offering a variety of investment strategies. EUDAIMONIA PARTNERS, LLC also offers pension consulting services to ensure clients are adequately prepared for their retirement. In addition to the services mentioned above, EUDAIMONIA PARTNERS, LLC also helps clients select other advisors. The firm understands that each client’s needs are different and that there may be times when introducing a client to other trusted advisors is in their best interests. EUDAIMONIA PARTNERS, LLC takes a comprehensive approach to ensure clients receive the best possible advice and support to meet their unique financial goals. Overall, the firm’s philosophy is to build long-term relationships with clients that are based on trust and exceptional service.
Eudaimonia Partners, LLC caters to a diverse range of clients, including individuals, high net worth individuals, charitable organizations, and other types of corporations not listed. It prides itself on delivering personalized and customized solutions tailored to each client's specific needs and goals. Eudaimonia Partners, LLC offers a slew of fee structures, depending on the type of service provided. The two most popular methods include a percentage of assets under management (AUM) and fixed fees. The former is a percentage of the client's portfolio, usually ranging from 0.5% to 2%, while the latter is a flat fee charged for specific services rendered. The firm explores various pricing strategies and is transparent about what clients can expect, ensuring no surprises along the way.
Typical Clients, Fee Structures & Investment Minimum
According to EUDAIMONIA PARTNERS, LLC's Part 2 Brochure, the firm requires a minimum investment of $1 million for their Investment Management services. The brochure notes that "Eudaimonia Partners requires a minimum account size of $1,000,000 to open a Managed Account," indicating that this is the minimum amount needed to enter into a partnership with the firm for investment management purposes. Therefore, clients must be willing to meet this investment minimum to receive the services offered by EUDAIMONIA PARTNERS, LLC.
How This Office Can Help Manchester, TN Residents
As a Financial Advisor at Edward Jones, Adam Burgess assists clients from Spartanburg County, SC to achieve their financial goals. In Spartanburg County, many people face various financial situations such as saving for retirement, paying off debts or student loans, managing unexpected expenses, and planning for their future. Adam works closely with his clients to understand their personal and financial situations and develop tailored strategies that suit their unique needs. He provides personalized financial planning services, including retirement planning, insurance, college planning, estate and trust strategies, and investment guidance. Besides, Adam educates clients on financial literacy, helps them stay on track with their goals, and adjust plans when necessary to accommodate changes in their life situations. Whether a client looks to build wealth, protect their investments and assets, or create a legacy for their heirs, Adam helps them make more informed decisions that secure their financial future.
Services Offered by Eudaimonia Partners, 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 Eudaimonia Partners, 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.
State Registrations
Eudaimonia Partners, LLC is registered to service clients in the following states:
- Alabama
- California
- Colorado
- Connecticut
- Florida
- Georgia
- Illinois
- Indiana
- Kentucky
- Louisiana
- Michigan
- Nebraska
- New Hampshire
- New Jersey
- New York
- North Carolina
- Ohio
- Oklahoma
- Pennsylvania
- South Carolina
- Tennessee
- Texas
- Virginia
Disciplinary History
Eudaimonia Partners, LLC does not have any disclosures. Please visit it's Form ADV for more details.