Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
Opes Wealth Management, LLC Overview
OPES Wealth Management, LLC is a highly respected registered investment advisory firm with headquarters in Menlo Park, CA. The firm specializes in providing investment advice-only services and operates on a fee-only platform. OPES's objective is to offer the best possible investment advice to its clients through its efficient and innovative services. Since its establishment in 2018, OPES Wealth Management has been a leading investment management company. OPES has successfully helped clients achieve their financial as well as investment goals by providing tailored and precise financial planning services. The firm prides itself on keeping its clients up-to-date on the latest financial and investment trends. OPES Wealth Management specializes in offering portfolio management solutions for individuals and small businesses. Its team of investment specialists is well-versed in the management of different investments such as bonds, stocks, mutual funds, and ETFs, among others. The firm's portfolio management strategies are based on thorough market research and analysis. OPES Wealth Management also provides a unique service where they help clients select other advisors. This speaks to the firm's commitment to providing clients with a holistic approach to investment management. The firm works closely with select advisors who meet its stringent standards for asset management, enabling clients to diversify their investment portfolios. To summarize, OPES Wealth Management provides clients with the best investment advice through its fee-only services, comprehensive financial planning, expert portfolio management, and selection of other advisors.
OPES Wealth Management, LLC serves a diverse range of clientele. Their client base includes individuals seeking financial guidance for their personal investments, high net worth individuals with complex financial portfolios, and various corporation types. As a result of their comprehensive approach, OPES Wealth Management, LLC is equipped to cater to a wide range of clients with unique financial needs and goals. OPES Wealth Management, LLC offers a variety of fee structures based on the specific services provided. Clients can choose to pay a percentage of their assets under management (AUM), allowing for a more consistent approach to monitoring and managing their investments. Alternatively, they may opt for a fixed fee structure that provides stability regardless of market performance. Either way, OPES Wealth Management, LLC provides transparent fee structures that are tailored to each individual client's needs. It is important to note that additional fees may apply for certain services such as financial planning or tax consulting.
Typical Clients, Fee Structures & Investment Minimum
The investment minimum for OPES WEALTH MANAGEMENT, LLC varies depending on the type of service being offered. According to their Part 2 Brochure, the minimum asset size for Opes Premiere Services is $700,000, the minimum for Opes Select Services is $350,000, and the minimum for Opes Access Services is $5,000. It should be noted that OWM reserves the right to accept or decline a potential client for any reason in its sole discretion.
How This Office Can Help Menlo Park, CA Residents
Opes Wealth Management provides customized financial planning and investment management services for clients in Menlo Park, CA. The firm recognizes that the residents of Menlo Park face unique financial situations, given the high cost of living and the presence of many technology companies in the area. With many affluent families and entrepreneurs living in the community, Opes Wealth Management is equipped to provide tailored solutions to help these individuals achieve their financial goals. The firm offers a wide range of services, including retirement planning, tax-efficient investing, estate planning, and risk management. They also provide guidance on stock options and other equity-based compensation strategies, which can be particularly relevant for residents who work in the tech industry. Additionally, Opes Wealth Management stays up-to-date on the latest financial trends and market developments so they can advise clients on the best opportunities to grow and protect their wealth. Overall, their goal is to help clients in Menlo Park achieve financial peace of mind so they can focus on their careers, families, and other priorities.
Services Offered by Opes Wealth Management, 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 Opes 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.
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.
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
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.
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
Opes Wealth Management, LLC is registered to service clients in the following states:
- California
- Oregon
- Texas
- Washington
Disciplinary History
Opes Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.