FamilyWealth, branded as FamilyWealthsm, provides wealth management solutions through investment advisor representatives to individuals, high net worth individuals, trusts, estates, corporate pension and profit-sharing plans, charitable organizations, foundations, endowments, corporations and small businesses. FamilyWealth uses the FamilyWealth™ platform to provide its IARs with a comprehensive view of Clients’ portfolios. The firm manages accounts on a discretionary and non-discretionary basis.
Fee Structure
FamilyWealth charges a percentage of the assets they manage.
For retail clients, the fee is 1.45% of the portfolio value.
For institutional clients, the fees are:
- $500,000 - $1,000,000: 0.80% per year
- $1,000,000 - $2,000,000: 0.70% per year
- $2,000,000 - $5,000,000: 0.65% per year
- $5,000,000 - $10,000,000: 0.60% per year
In addition to the above fees, clients will pay platform fees as follows:
- First $500,000: 0.30%
- Next $500,000: 0.25%
- Next $1,000,000: 0.20%
- Next $1,000,000: 0.15%
- Next $1,000,000: 0.10%
- Assets Over $4,000,000: 0.05%
An additional 0.10% to 0.35% asset management fee applies for asset managers of strategies and portfolios in the Managed Account Solutions Platform, depending on the manager selected.