Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Other
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
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
Family Wealth Advisory Group, LLC Overview
Family Wealth Advisory Group, LLC is a fee-only, registered investment advisory firm based in Cincinnati, OH. Since its inception in 2004, the firm has been solely focused on providing personalized investment advice to its clients. Unlike other firms, Family Wealth Advisory Group, LLC does not earn commissions or fees from recommending specific investments, ensuring that their recommendations are unbiased and aligned with their clients' financial goals. The firm offers a range of services to its clients, including financial planning and portfolio management for both individuals and small businesses. With a deep understanding of their clients' unique financial goals, Family Wealth Advisory Group, LLC helps them build and manage investment portfolios that align with their specific objectives. Through constant monitoring and adjustments, the firm strives to ensure that their clients' investments are performing optimally and aligned with their long-term financial planning goals. In addition to investment-related services, Family Wealth Advisory Group, LLC also offers other non-security related services such as estate planning, insurance analysis, and tax planning. By taking a holistic approach to financial planning, Family Wealth Advisory Group, LLC helps its clients navigate a range of complex financial decisions and achieve their long-term financial goals with confidence.
FAMILY WEALTH ADVISORY GROUP, LLC, serves a variety of clients from individuals to high net worth individuals, along with pension or profit sharing plans. The firm is dedicated towards providing tailored services specific to their client's needs. Their portfolio management services extend beyond just investment management and incorporate planning for a variety of scenarios such as retirement, estate planning, and financial planning. FAMILY WEALTH ADVISORY GROUP, LLC, offers a range of fee structures based on the level of service provided. For instance, the percentage of AUM is typically charged for clients who require ongoing portfolio management and monitoring. Alternatively, fixed fees may be charged for financial planning services or tactical asset allocation services to provide a clear cost structure. At FAMILY WEALTH ADVISORY GROUP, LLC, the fee structure is transparent and based on the service provided, allowing each client to have optimal flexibility in managing and investing their wealth.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for Family Wealth Advisory Group, LLC (FWAG) states that the firm does not impose investment minimums on its clients. However, the Advisors of FWAG have the ability to determine whether potential clients who are at or below the minimum fee scales should become clients of the firm based on the payment of those minimum fees. Therefore, while there is no explicit investment minimum stated, it is possible that potential clients may be required to pay minimum fees in order to use the firm's services.
How This Office Can Help Montgomery, OH Residents
As a trusted wealth management firm in Montgomery, OH, Family Wealth Advisory Group provides comprehensive financial planning services to help clients manage their wealth effectively. They understand that managing finances can be overwhelming, especially when facing a major life event such as retirement, divorce, or inheritance. That's why they work closely with clients to create tailored financial plans that help them navigate these situations and reach their financial goals. No matter the specific financial situation someone living in Montgomery, OH might be facing, Family Wealth Advisory Group can provide guidance and support. For example, they can assist clients in developing investment strategies to ensure that their money is working effectively for them, or they may help clients navigate the complex process of estate planning. They can also provide advice on tax planning and budgeting, along with many other services designed to ensure that clients' finances are optimized for their unique needs and circumstances. By working closely with clients to understand their goals and concerns, Family Wealth Advisory Group can provide the personalized service and expert guidance that is crucial for long-term financial success.
Services Offered by Family Wealth Advisory Group, 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 Family Wealth Advisory Group, 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
Family Wealth Advisory Group, LLC is registered to service clients in the following states:
- Florida
- Indiana
- Kentucky
- Louisiana
- Ohio
Disciplinary History
Family Wealth Advisory Group, LLC does not have any disclosures. Please visit it's Form ADV for more details.