Firm Info
Firm Size
Services Offered
- Financial Planning
- 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
- Pension & Profit Sharing Plans
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Sweeney & Michel, LLC Overview
Sweeney & Michel, LLC is a registered investment advisory firm that has been in business since 2018 and is based in Chico, CA. This firm focuses solely on investment advice, which is evident in its fee arrangement that is set up as a 'fee only' structure. This means that clients are charged a transparent and straightforward fee in exchange for the expert investment advice they receive. As a firm specializing in investment advice only, Sweeney & Michel, LLC offers a range of services that include financial planning, portfolio management, and pension consulting services. These services are geared towards both individuals and small businesses, which means that the firm can provide a personalized approach to each client it serves. The investment advice provided by Sweeney & Michel, LLC is high-quality, and clients can rest assured that they are receiving expert guidance from professionals who are experienced in the field. The firm's portfolio management services are tailored to each client's unique needs, taking into account their investment goals, risk tolerance, and financial situation. Additionally, the firm's pension consulting services help clients to navigate complexities around pension plans, such as funding, investment management, and compliance with regulations.
SWEENEY & MICHEL, LLC is an esteemed financial management firm that serves a diverse range of clients across a broad spectrum of industries. The firm caters to individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, and other corporation types not listed. Regardless of a client's background, the professional team at SWEENEY & MICHEL, LLC strives to meet each client's unique financial goals and needs. The firm's clients include entrepreneurs, executives, and professionals. Whether clients are looking for financial advice or want to manage their assets more effectively, SWEENEY & MICHEL, LLC always offers suitable solutions tailored to their specific needs. When it comes to fee structures, SWEENEY & MICHEL, LLC provides a range of options to clients depending on the service provided. The firm offers percentage of AUM fees, which are calculated based on the size of a client's assets under management. Hourly fees are also available, where clients are billed based on the time and resources required to complete the work. Fixed fees are another option, where clients are charged a predictable fee for the services provided. Each fee structure comes with its own advantages, and SWEENEY & MICHEL, LLC works with each client to determine the best option that is both cost-effective and fits their needs. Therefore, the comprehensive financial services and varying fee structures available at SWEENEY & MICHEL, LLC make it an ideal partner for those looking for professional financial management and strategic advice.
Typical Clients, Fee Structures & Investment Minimum
According to the Part 2 Brochure of SWEENEY & MICHEL, LLC, the firm's investment minimum is not mentioned.
How This Office Can Help Butte County, CA Residents
Sweeney & Michel, LLC is a law firm that helps clients in Butte County, CA with their financial problems. The firm specializes in bankruptcy law, debt settlement, and foreclosure defense. They understand that living in Butte County, CA can be difficult, especially when people are struggling with financial problems. Many people in the area face issues like foreclosure, credit card debt, medical bills, and unexpected expenses. These financial problems can be overwhelming, and the attorneys at Sweeney & Michel, LLC are there to help clients navigate their options and find a solution that works for them. They understand that each client's situation is unique and work to develop individualized strategies to help them get back on track financially. Whether clients need to file for bankruptcy, negotiate with their creditors, or defend against foreclosure, Sweeney & Michel, LLC is there to fight for their clients' rights and help them achieve financial stability.
Services Offered by Sweeney & Michel, LLC
Core Advisor Services
Financial Planning
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.
Other Services
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.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Sweeney & Michel, 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.
Available
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.
Hourly
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.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
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.
Performance-based Fees
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.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
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).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
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.
This Office Location
Other Office Locations
This firm has no other locations.
State Registrations
Sweeney & Michel, LLC is registered to service clients in the following states:
- Arizona
- California
- Colorado
- Idaho
- Nevada
- Oregon
- Texas
Disciplinary History
Sweeney & Michel, LLC does not have any disclosures. Please visit it's Form ADV for more details.