Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Selection of Others Advisors
- Other
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)
- Hourly
- Fixed Fees (Other than subscription)
Saratoga Wealth Advisors, LLC Overview
Saratoga Wealth Advisors, LLC is a fee-only registered investment advisory firm founded in 2003 and headquartered in Saratoga Springs, NY. The firm offers investment advice only, with services including financial planning, portfolio management for individuals and small businesses, and the selection of other advisors. Additionally, the firm provides tax planning and preparation services. At Saratoga Wealth Advisors, LLC, clients can expect personalized, comprehensive financial planning that integrates investment management with tax planning strategies. The firm's advisors work with individuals and small businesses to identify financial goals and develop a strategy to help achieve those goals. With a focus on fee-only services, clients can rest assured that the firm's advisors prioritize their clients' best interests without being influenced by commissions or incentives. With almost 20 years of experience, Saratoga Wealth Advisors, LLC has a strong track record of delivering high-quality financial advice and investment management services. The firm's well-rounded approach to financial planning, dedication to fee-only services, and commitment to personalized solutions make it a trusted advisor for individuals and small businesses seeking to take control of their financial futures.
SARATOGA WEALTH ADVISORS, LLC caters to clients across all demographics, ranging from individuals to high net worth individuals. The firm is dedicated to providing personalized financial advisory services to each of their clients, regardless of their financial status. They understand that every client has unique financial goals and concerns, which is why they tailor their services to suit individual client needs. The firm strives to build meaningful relationships with their clients while guiding them through the complexities of investment planning, wealth management, and retirement planning. SARATOGA WEALTH ADVISORS, LLC offers three different fee structures depending on the service provided. They have a percentage of assets under management (AUM) fee structure, which is calculated as a percentage of the client's total assets that the firm manages. This fee is charged annually, and the percentage charged may vary based on the size of the client's investment portfolio. The firm also offers an hourly fee structure, which is a flat fee charged for the time spent advising clients on specific financial matters. Finally, SARATOGA WEALTH ADVISORS, LLC offers fixed fees for certain services, such as financial planning or portfolio management. This fee structure is suitable for clients who prefer to know exactly what they'll be paying for the services provided. Overall, the firm's fee structures are flexible and designed to ensure that clients receive quality services at reasonable rates.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure of SARATOGA WEALTH ADVISORS, LLC does not mention any investment minimum for their services.
How This Office Can Help Saratoga County, NY Residents
Edward Jones - Financial Advisor: Terry White, AAMS®|CRPS® assists clients in Morgan County, AL, by providing professional financial advice and personalized investment strategies. Terry White takes the time to understand the unique needs and goals of each of his clients and offers them tailored solutions to suit their specific financial situations. Clients in Morgan County, AL, may be facing a variety of financial challenges, from planning for retirement to saving for their children's education. Terry White helps clients in Morgan County, AL, navigate these challenges in several ways. He provides comprehensive financial planning services that include retirement planning, tax planning, estate planning, and risk management. He also offers investment management services, helping clients build diversified portfolios to help them achieve their financial goals. Terry is known for his ability to explain complex financial concepts in plain English, making it easy for clients to understand and make informed decisions about their finances. Overall, Terry White provides Morgan County residents with the guidance they need to make smart financial decisions and achieve long-term financial success.
Services Offered by Saratoga 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 Saratoga 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.
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.
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).
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–5 PM
- Tue 9 AM–5 PM
- Wed 9 AM–5 PM
- Thu 9 AM–5 PM
- Fri 9 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
State Registrations
Saratoga Wealth Advisors, LLC is registered to service clients in the following states:
- Connecticut
- Massachusetts
- New Jersey
- New York
Disciplinary History
Saratoga Wealth Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.