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)
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Sundvold Financial Overview
Sundvold Financial is a fee-only registered investment advisory firm that was established in 1999 in Columbia, MO. As an insurance broker/agent, they provide investment advice on a fee-only basis to help clients achieve financial success. With over two decades of experience, Sundvold Financial has become a trusted partner for individuals and small businesses seeking financial planning, portfolio management, and pension consulting services. The firm's headquarters is located in Columbia, MO, but they serve clients nationwide. Their team of experienced professionals has a deep understanding of the financial industry and can provide customized solutions for each client's unique situation. Sundvold Financial's fee-only structure ensures that they are always working in their client's best interests, without any hidden agendas. Their comprehensive services include financial planning to help clients set and achieve their financial goals, portfolio management to maximize returns while minimizing risk, and pension consulting services for small businesses. Additionally, Sundvold Financial provides clients with access to a variety of investment vehicles, including stocks, bonds, mutual funds, and exchange-traded funds. Overall, Sundvold Financial's goal is to help clients achieve financial peace of mind through sound investment advice and guidance.
Sundvold Financial serves a diverse range of clients, including individuals from all walks of life. Their clients may be working professionals, retirees, high net worth individuals, or those seeking financial planning advice for the first time. The firm takes pride in customizing their services to meet the unique needs of each client, offering personalized solutions that prioritize and align with their individual goals. When it comes to fee structures, Sundvold Financial offers three primary options depending on the specific services provided. For clients looking for investment management services, the firm charges a percentage of their assets under management (AUM). This fee structure incentivizes the firm to achieve strong returns for their clients, as their own compensation is directly tied to the performance of their investment strategies. Alternatively, clients who require more specialized consulting or financial planning services can opt for either hourly billing or fixed fees. These structures ensure that clients are only paying for the services they need, with no additional or hidden fees. All in all, Sundvold Financial's flexible fee structures allow clients to access the strategic financial planning services they need at a fair and transparent price.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for Sundvold Financial does not mention an investment minimum. It is possible that they do not have a set requirement for minimum investments, or they may disclose this information in a different document or during a consultation with potential investors. It is important to consult with the firm or a financial advisor to fully understand their investment policies and requirements before making any investment decisions.
How This Office Can Help Boone County, MO Residents
As a financial advisor at Edward Jones in Rice County, Greg Lee provides personalized financial planning and investment strategies to help his clients achieve their financial goals. He works with individuals, families, and small business owners to create customized plans that fit their unique needs and circumstances. Living in Rice County, MN, residents may face certain financial challenges such as managing debt, saving for retirement, paying for their children's education, and planning for unforeseen expenses. Greg Lee helps his clients navigate these challenges by conducting thorough financial analyses, recommending appropriate investment vehicles, and educating them on financial strategies and options. He also strives to build strong, long-lasting relationships with his clients so he can be a trusted advisor throughout their financial journey.
Services Offered by Sundvold Financial
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 Sundvold Financial 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
This Office Location
Other Office Locations
This firm has no other locations.
State Registrations
Sundvold Financial is registered to service clients in the following states:
- Missouri
Disciplinary History
Sundvold Financial does not have any disclosures. Please visit it's Form ADV for more details.