Total Clarity Wealth Management provides wealth management services tailored to individual needs. These services include asset allocation and management, financial planning, and special projects. Total Clarity's advisors are independent contractors who may charge different fees for similar services. Some advisors are also registered representatives with LPL Financial, which may create conflicts of interest.
Fee Structure
Total Clarity offers several investment management programs, including Vision, Value, and PreActive accounts. Fees are calculated as a percentage of the account value, billed quarterly.
- Vision and Value Accounts: Fees are based on the account value at the end of the previous quarter.
- PreActive Accounts: Fees are based on the average daily balance of the account over the previous quarter.
Fees are negotiable and may vary among advisors. The total fee for Value and PreActive accounts (advisory fee plus transaction fees) could be high compared to industry standards. There are also Vision CB and Value CB accounts with different billing schedules.