Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- 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
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Wealth Care LLC Overview
WEALTH CARE LLC is a registered investment advisory firm based in Merritt Island, FL. The firm primarily provides investment advice and operates under a fee-only fee arrangement. This means that the firm does not receive commissions for selling financial products and is solely compensated on a fee basis by their clients. Since its inception in 2006, WEALTH CARE LLC has been offering a range of services to clients. Their services include financial planning, portfolio management for individuals and small businesses, portfolio management for businesses or institutional clients, and pension consulting services. The firm caters to a diverse range of clients and helps them create tailored investment strategies to achieve their financial goals. WEALTH CARE LLC has established itself as a reliable and experienced investment advisory firm over the years. By providing expert investment advice and offering top-notch portfolio management services, the firm helps clients navigate the complex world of investment and financial planning. Their commitment to fee-only services ensures that clients receive unbiased recommendations that are in their best interests.
WEALTH CARE LLC provides services to a wide range of clients. Their clientele includes individuals seeking financial planning and investment management services as well as high net worth individuals looking for sophisticated wealth management strategies. Moreover, the firm caters to the varying needs of its clients and is highly flexible in the services it provides. They can advise clients in estate planning, retirement planning, tax planning, and investment management. Additionally, WEALTH CARE LLC offers comprehensive financial planning services for business owners and executives. WEALTH CARE LLC understands that people have different needs when it comes to financial planning and investment management. Therefore, they offer fee structures that are tailored to the services provided. The firm offers percentage of AUM fees, which is calculated as a percentage of the client's assets under management. This fee is typically charged for investment management services. Furthermore, they offer hourly fees for clients seeking specific financial planning advice and consultation. Finally, the firm provides fixed fees for clients who prefer the certainty of a set fee for particular services. It is worth noting that the firm may combine different fee structures depending on the client's needs and portfolio complexity. Overall, their fee structures are transparent and highly competitive, allowing clients to get the most out of their services while keeping costs within their budget.
Typical Clients, Fee Structures & Investment Minimum
The investment minimum for Wealth Care LLC is $500,000 as stated in their Part 2 Brochure note about investment minimum. The firm's brochure specifically says, "Our minimum account size is $500,000," indicating that they require this minimum amount to invest with them. It is important to note that this is a significant amount and may not be suitable for all potential investors. Additionally, the brochure notes that the maximum fee charged on the first million per year is $7500, which is also relevant for investors to consider when evaluating whether to invest with this firm.
How This Office Can Help Pinellas Park, FL Residents
Wealth Care Inc is a financial planning company that assists clients in Pinellas Park, FL to achieve their financial goals. They provide expert guidance and tailored solutions to help clients manage their debts, plan for retirement, invest their savings, and secure their financial future. The company understands the specific financial situations that people living in Pinellas Park might be facing, and they offer practical advice to help clients navigate through the challenges. For instance, many residents of Pinellas Park are retirees on a limited income who need to maximize their retirement savings. Others might be facing mounting debts, high healthcare costs, or unexpected expenses from natural disasters. Wealth Care Inc works with clients to understand their unique financial needs and provide comprehensive solutions that will help them achieve their financial goals. With their vast experience and commitment to providing high-quality financial planning services, Wealth Care Inc is a trusted partner for clients seeking financial security and peace of mind.
Services Offered by Wealth Care 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 Wealth Care 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
Firm Headquarters
This firm has no other locations.
State Registrations
Wealth Care LLC is registered to service clients in the following states:
- Florida
- Nebraska
- Texas
Disciplinary History
Wealth Care LLC does not have any disclosures. Please visit it's Form ADV for more details.