Firm Info
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
- Pension & Profit Sharing Plans
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
Wedgewood Investors Inc Overview
Wedgewood Investors Inc. is an investment advisory firm that has been providing its services since 1987. The firm is based in Erie, PA, and is a fee-only registered investment advisory firm. Wedgewood Investors Inc. specializes in providing investment advice only to its clients. The firm offers a range of services including financial planning, portfolio management for individuals and small businesses, portfolio management for businesses or institutional clients, and pension consulting services. Wedgewood Investors Inc. aims to provide tailored solutions to its clients while helping them achieve their financial goals. The team at Wedgewood Investors Inc. is made up of experienced professionals who have exceptional knowledge and expertise in the investment industry. The firm's investment philosophy is centered around a client-centric approach, where the client's interests come first. With its commitment to offering unbiased advice and putting its clients first, Wedgewood Investors Inc. has established a strong reputation in the industry.
(WEDGEWOOD INVESTORS INC manages the assets of its clients and charges a percentage of the assets under management as a fee) hourly rates fixed fees performance-based fees WEDGEWOOD INVESTORS INC prides itself on the ability to serve a diverse clientele with their respective financial needs. The firm caters to individuals, high net worth individuals, as well as pension or profit-sharing plans. Additionally, they provide financial advice to various charitable organizations, and other corporation types not listed. This broad client base allows the firm to leverage its expertise and experience to provide sound financial guidance to all clients, regardless of their specific financial circumstances. As far as fee structures are concerned, WEDGEWOOD INVESTORS INC offers several options depending on the type of service provided. For instance, clients who seek investment management services will be charged a percentage of the assets under management (AUM). Hourly rates are also available for clients who require financial planning services. Fixed fees may be applied to clients seeking a specific type of financial advice, such as estate planning or tax preparation. Performance-based fees are available to clients who wish to link the firm's compensation to the performance of their investments. Regardless of the fee structure, WEDGEWOOD INVESTORS INC aims to provide clients with transparent and competitive pricing.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for Wedgewood Investors Inc does not mention an investment minimum.
How This Office Can Help Erie, PA Residents
Wedgewood Investors Inc offers a wide array of financial management and planning services to clients located in Erie, PA. Their team of experienced professionals works tirelessly to help clients navigate their unique financial challenges and achieve their financial goals. Whether someone is looking to plan for retirement, save for their children's college education, or manage their investments, Wedgewood Investors Inc has the tools and resources to help. Erie, PA residents may face a number of unique financial situations, from the rising cost of healthcare to the challenges of planning for retirement in an uncertain economic climate. At Wedgewood Investors Inc, clients can benefit from customized financial planning services specifically designed to help them meet their unique needs. With a focus on personalized attention, ethical guidance, and a thorough understanding of every client's goals and aspirations, Wedgewood Investors Inc is the go-to resource for anyone in Erie, PA in need of expert financial management and planning services.
Services Offered by Wedgewood Investors 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 Wedgewood Investors 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.
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.
Disciplinary History
Wedgewood Investors Inc does not have any disclosures. Please visit it's Form ADV for more details.