Or know how they charge?
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bumpOur passion is protecting clients and others from predatory and ignorant advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087
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I'm not familiar with them, but from their ADV it looks like they charge $495/month for wealth management, and 1.4% asset management fee that scales downwards. Their principal is also an insurance agent and earn commissions from disability and life insurance products they sell.
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Their principal was a Northwestern Mutual Life salesguy, but apparently doesn’t push insurance policies on investment clients anymore.
The fees seem too high to me. $2500 initial account setup, $495 per month for financial planning, plus asset under management fees starting at 1.4% per year.
You really ought to pull their SEC Form ADV and part 2 brochure from Broker Check.
Asset Breakpoint Levels Quarterly Asset Charge Annual Fee
First $150,000 0.35% 1.40%
Next $250,000 0.30% 1.20%
Next $350,000 0.25% 1.00%
Next $250,000 0.20% 0.80%
Next $2,000,000 0.15% 0.60%
Next $7,000,000 0.13% 0.50%
Next $15,000,000 0.10% 0.40%
Next $25,000,000 Negotiable Negotiable
(and above)
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Their principal was a Northwestern Mutual Life salesguy, but apparently doesn’t push insurance policies on investment clients anymore.
The fees seem too high to me. $2500 initial account setup, $495 per month for financial planning, plus asset under management fees starting at 1.4% per year.
You really ought to pull their SEC Form ADV and part 2 brochure from Broker Check.
Asset Breakpoint Levels Quarterly Asset Charge Annual Fee
First $150,000 0.35% 1.40%
Next $250,000 0.30% 1.20%
Next $350,000 0.25% 1.00%
Next $250,000 0.20% 0.80%
Next $2,000,000 0.15% 0.60%
Next $7,000,000 0.13% 0.50%
Next $15,000,000 0.10% 0.40%
Next $25,000,000 Negotiable Negotiable
(and above)
Click to expand...
Nice, didn't know about this one.
https://www.adviserinfo.sec.gov/IAPD/IAPDFirmSummary.aspx?ORG_PK=149559
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