Modern Wealth manages investment portfolios based on individual client needs and goals. They also offer financial planning services covering retirement, risk management, college savings, cash flow, debt management, and estate planning. Modern Wealth provides ongoing financial planning for entrepreneurs and executives, including business advisory and executive compensation planning. They also offer private wealth management, which combines financial planning and investment advisory services.
Fee Structure
Modern Wealth offers investment management services where they manage individually tailored investment portfolios. They also offer the use of third-party managers. The annual fees are negotiable and are pro-rated and paid in arrears on a quarterly basis. The advisory fee is a tiered fee and is calculated by assessing the percentage rates using the predefined levels of assets as shown in the above chart and applying the fee to the account value as of the last day of the previous quarter.
For Private Wealth Management, fees are calculated in that the first $1,000,000 is charged a Private Wealth Management fee of 1.25%, the next $1,000,000 is charged 0.90%, and so on. The minimum assets for Private Wealth Management are $1,000,000 but is negotiable in some instances.
