Great Lakes Retirement, operating as W.A. Smith Financial Group, provides wealth management services with a focus on income planning and tax-efficient portfolios. Services include investment management (both discretionary and non-discretionary), financial planning, and tax planning. For investment management, the firm uses model portfolios with mutual funds, ETFs, stocks, and bonds. They may also use sub-advisors and third-party managers. Financial planning covers insurance, income planning, education funding, tax strategies, and estate strategies. Tax planning is offered through a separate agreement with W.A. Smith Financial, LLC.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.50% |
| $500K - $1.5M | 1.10% |
| $1.5M - $2.5M | 0.95% |
| $2.5M - $5.0M | 0.85% |
| $5.0M - $10.0M | 0.75% |
| $10M+ | 0.75% |
Fees negotiable for accounts over $10,000,000. Sub-advisor and third-party manager fees may also apply, ranging from 0.16% - 0.75% in addition to GLR fees.