Firm Size
Services Offered
- Portfolio Management for Individuals & Small Businesses
Available Fee Structures
- Percentage of Assets Under Management (AUM)
Senior Tax Advisory Group, Inc. Overview
The Senior Tax Advisory Group, Inc. is a registered investment advisory firm that specializes in providing investment advice to individuals and small businesses. The firm was established in 2022 and is headquartered in Colorado Springs, CO. As a Fee Only advisory firm, clients can expect that their fees are based solely on the services provided, with no commission or transaction-based compensation. The firm's primary focus is on portfolio management for their clients. They offer comprehensive investment advice to help their clients maximize their returns while minimizing risk. Their investment management process includes a thorough understanding of each client's needs, goals, and risk tolerance. By taking a client-centered approach, the Senior Tax Advisory Group ensures that their investment strategies are tailored to each individual client. As an investment advice only firm, the Senior Tax Advisory Group offers a range of services to their clients. These services include asset allocation, risk management, investment research, and ongoing portfolio management. The firm's team of experienced advisors is dedicated to helping clients achieve their financial goals through personalized investment strategies. Whether clients are looking to establish long-term investment plans or need help managing their investments, the Senior Tax Advisory Group is well-equipped to provide tailored solutions to meet their needs.
Senior Tax Advisory Group, Inc. serves a diverse range of clients in need of financial guidance and tax advice. From high-net-worth individuals to small business owners and retirees, they offer customized solutions to help each client achieve their unique financial goals. The firm also specializes in serving seniors, offering services such as estate planning, retirement planning, and social security optimization. When it comes to fee structures, Senior Tax Advisory Group, Inc. offers a variety of options depending on the specific services provided. For investment management services, the firm charges a percentage of assets under management (AUM), typically ranging from 0.5% to 2%. For financial planning and consulting services, they may charge an hourly rate or a flat fee. The fee for tax preparation services varies based on the complexity of the return. Overall, the firm strives to be transparent about its fees and works closely with clients to determine the best payment structure for their individual needs.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for SENIOR TAX ADVISORY GROUP, INC. does not mention an investment minimum.
How This Office Can Help Pueblo County, CO Residents
Senior Tax Advisory Group is a company that specializes in assisting clients in Pueblo County, CO. They work with a variety of individuals and provide tailored guidance to help them achieve their financial goals. For example, for someone who might be approaching retirement age in Pueblo County, Senior Tax Advisory Group can help them navigate the complex world of Social Security and other income-based benefits to ensure they maximize their income potential during their retirement years. They can also help clients with managing their assets, minimizing taxes, and planning for long-term care expenses. For those who are starting a family or buying a home in Pueblo County, the company can assist in creating a comprehensive financial plan to ensure they start off on the right financial foot. This may include managing debt, creating a budget, and planning for future expenses like college education or retirement. For business owners in Pueblo County, Senior Tax Advisory Group can offer guidance on tax strategies, cash flow planning, and other financial matters to help their business thrive. By providing personalized and comprehensive financial advice, Senior Tax Advisory Group helps clients in Pueblo County, CO navigate the complexities of their financial lives and achieve their financial goals.
Services Offered by Senior Tax Advisory Group, Inc.
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 Senior Tax Advisory Group, Inc. 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.
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)
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.
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.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Senior Tax Advisory Group, Inc. is registered to service clients in the following states:
- Arizona
- California
- Colorado
- Florida
- Georgia
- Illinois
- Iowa
- Maryland
- Michigan
- Missouri
- New Mexico
- Pennsylvania
- South Dakota
- Texas
- Utah
- Virginia
Disciplinary History
Senior Tax Advisory Group, Inc. does not have any disclosures. Please visit it's Form ADV for more details.