- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
Types of Clients
- Individuals (Not High Net Worth)
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
Ml&R Wealth Management LLC Overview
ML&R Wealth Management LLC is a fee-only Registered Investment Advisory firm that has been in business since 2000. The firm is headquartered in Austin, Texas, and specializes in providing investment advice to clients. As an accounting firm, they have extensive knowledge and expertise in managing portfolios for individuals and small businesses. ML&R Wealth Management LLC's fee-only arrangement ensures that their clients receive unbiased investment recommendations, without being influenced by commissions or other incentives. Their focus on fee-only advisory services also aligns their interests with those of their clients, ensuring that they are always working to maximize their clients' investment performance. In addition to their portfolio management services, ML&R Wealth Management LLC offers pension consulting services to help clients manage their retirement accounts. This expertise is especially valuable to small businesses, who may struggle to navigate the complex retirement plan landscape on their own. By working with ML&R Wealth Management LLC, clients can feel confident that they are investing wisely and maximizing their retirement savings potential. Overall, ML&R Wealth Management LLC is a trusted provider of investment advice and portfolio management services, with a proven track record of success since their founding in 2000. They are committed to helping clients achieve their financial goals through personalized investment strategies and expert advice.
ML&R Wealth Management LLC caters to a diverse set of clients, including individuals, high net worth individuals, charitable organizations, and other corporation types not listed. The firm prides itself on providing top-notch financial management and investment services to clients from all financial backgrounds. With no discrimination in their approach, ML&R Wealth Management LLC implements investment strategies and financial planning methodologies unique to each client's financial situation, providing tailored solutions that cater to their personalized needs. As for the fee structures, ML&R Wealth Management LLC offers clients multiple options. Depending on the service provided, one may choose a percentage of the assets under management (AUM), hourly fees, or fixed fees. Percentage of AUM fees are based on the amount of money the client has invested in a portfolio, and can vary based on the type of investment profile and the client's net worth. Hourly fees are charged for specific services, such as financial planning or investment research. Fixed fees are priced based on a predetermined agreement between the client and the firm and are charged regardless of the investment portfolio's value. Clients may select the fee structure that best suits their financial goals and investment preferences.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for ML&R Wealth Management LLC does not mention an investment minimum.
How This Office Can Help Austin, TX Residents
ML&R Wealth Management LLC is a financial services firm based in Austin, TX that specializes in providing wealth management services to clients. The firm has a team of experienced financial advisors who work closely with clients to understand their specific needs and goals. They offer a comprehensive range of services such as retirement planning, tax planning, investment management, and estate planning. Living in Austin, TX, clients may be facing various financial situations that require professional assistance. For instance, many people are struggling to save for retirement due to the high cost of living in the city. The firm's retirement planning services can help clients create a personalized plan that accounts for their unique goals and circumstances. Additionally, Austin's high property taxes and volatile real estate market can make it difficult for individuals to manage their assets. ML&R's investment management services can help clients navigate these challenges while maximizing their returns. Overall, ML&R Wealth Management LLC offers tailored solutions to help clients overcome the financial challenges of living in Austin, TX.
Services Offered by Ml&R Wealth Management LLC
Core Advisor Services
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Financial advisory fees usually are based on the services provided. Fee types charged by Ml&R Wealth Management LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Subscription (Newsletter or Periodical)
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
Other Office Locations
Displaying 1 office locations:
- Taylor, TX
Ml&R Wealth Management LLC is registered to service clients in the following states:
- North Carolina
Ml&R Wealth Management LLC does not have any disclosures. Please visit it's Form ADV for more details.