Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- 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)
- Hourly
- Fixed Fees (Other than subscription)
Munn Wealth Management, LLC Overview
Munn Wealth Management, LLC is a fee-based registered investment advisory firm that has been operating since 2015. With its headquarters located in Maumee, Ohio, the firm offers a range of services to clients in the region. As a broker-dealer representative and insurance broker/agent, Munn Wealth Management offers investment advice to individuals and small businesses alike. The firm's fee-based arrangement ensures that clients receive unbiased advice that is in their best interests. Munn Wealth Management specializes in financial planning and portfolio management, ensuring that their clients are well-equipped to make sound financial decisions. Whether a client is looking for guidance on saving for retirement, investing in stocks, or managing their assets, Munn Wealth Management has the expertise and experience to help. Munn Wealth Management takes pride in its comprehensive approach to investment management. Their team carefully selects other advisors to ensure that clients receive the best possible financial advice and portfolio management. By partnering with other professionals, Munn Wealth Management is committed to providing their clients with tailored solutions that can help them achieve their financial goals. With their focus on providing a personalized approach to wealth management, Munn Wealth Management is a trusted partner for individuals and businesses alike.
Munn Wealth Management, LLC serves a wide range of clients, including individuals, high net worth individuals, charitable organizations, and various types of corporations. The firm is dedicated to providing comprehensive financial services and personalized solutions to meet the unique needs of each client. Whether helping to create a retirement plan, managing investments, or developing a strategy for wealth preservation, Munn Wealth Management, LLC brings deep knowledge and experience to every engagement. The firm believes that successful wealth management requires a deep understanding of each client's goals, values, and financial situation. Munn Wealth Management, LLC offers clients a variety of fee structures to choose from, depending on the specific services provided. Clients can opt for a percentage of assets under management (AUM), which means that the firm charges a percentage of the client's total assets that they manage. Alternatively, clients can opt for an hourly fee structure, which means that they pay the firm a set hourly rate for any services provided. Finally, for certain types of services, fixed fees may be available, which are pre-determined and agreed upon in advance. Having this range of fee structures available means that clients can choose the option that best suits their needs and budget, providing flexibility and transparency in their relationship with the firm.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for MUNN WEALTH MANAGEMENT, LLC notes that the firm requires a minimum account size of $500,000 for new clients. This requirement is listed under the section titled "Minimum Investment Amounts." Therefore, if you wish to work with MUNN WEALTH MANAGEMENT, LLC, you will need to have at least $500,000 to invest.
How This Office Can Help Wood County, OH Residents
Confetti Wealth - Ameriprise Financial Services, LLC is a financial advisory firm that specializes in helping clients in Anoka County, MN achieve their financial goals. The firm provides a comprehensive suite of services that includes retirement planning, investment management, estate planning, and insurance planning. For clients in Anoka County, MN, the firm understands that they may face unique financial challenges and uncertainties. These challenges could range from managing debt, planning for unexpected healthcare expenses, managing income during retirement, or leaving a legacy for loved ones. The team at Confetti Wealth - Ameriprise Financial Services, LLC works closely with each client to understand their unique financial situation, prioritize their goals, and develop a personalized financial plan that meets their needs and objectives. With their expertise and guidance, clients in Anoka County, MN can have peace of mind as they work towards achieving their financial goals.
Services Offered by Munn 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 Munn 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.
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
Other Office Locations
This firm has no other locations.
State Registrations
Munn Wealth Management, LLC is registered to service clients in the following states:
- Florida
- Michigan
- Ohio
Disciplinary History
Munn Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.