Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
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
Prostatis Financial Advisors Group Overview
Prostatis Financial Advisors Group is a registered investment advisory firm that offers investment advice to individuals and small businesses. Based in Hanover, MD, the firm specializes in financial planning and portfolio management services. As a fee-only firm, Prostatis Financial Advisors Group does not accept commissions or any other form of compensation from product providers, which ensures that clients only pay for the advice they receive. The firm prides itself on delivering personalized financial advice that helps clients achieve their long-term financial goals. With its focus on investment advice only, Prostatis Financial Advisors Group is able to offer unbiased and objective recommendations that are tailored to individual client needs. Clients benefit from the firm's deep understanding of investing, as well as its commitment to ongoing education and training in the field of finance. Since its inception in 2018, Prostatis Financial Advisors Group has established a reputation as a trusted advisor with a strong emphasis on client service. Thanks to its comprehensive suite of financial planning and portfolio management services, the firm is able to provide holistic advice that covers all aspects of personal finance. Whether looking to plan for retirement, save for college, or manage investments, clients can rely on Prostatis Financial Advisors Group for expert guidance that helps turn their financial aspirations into reality.
rates retainer fees Prostatis Financial Advisors Group caters to a diversified range of clientele, including both individuals and high net worth individuals. These clients can rely on the firm's experienced advisors to provide them with bespoke financial guidance and investment strategies designed specifically to their unique financial situations. The fee structures made available by Prostatis Financial Advisors Group to its clients depend on the nature of services rendered. Clients can opt for a percentage of assets under management (AUM), hourly rates or retainers fees. The percentage AUM fee structure ensures that the fee charged is a percentage of the size of the portfolio or assets under management. This fee provides an incentive to the advisor to manage the assets efficiently and cost-effectively. On the other hand, clients who prefer a more personalized approach can opt for the hourly rate fee structure, which is charged based on the time taken by the advisor to provide a particular service. This is an excellent option for clients who require short-term or quick advice. For clients looking for long-term tailored guidance, Prostatis Financial Advisors Group offers retainer fees, where the advisor charges a fixed fee for specific services over an extended period. These services can include anything from comprehensive financial planning services to ongoing investment or portfolio management. In summary, Prostatis Financial Advisors Group's fee structure options cater to a broad range of clients. By offering different options, the firm can offer personalized services that can help clients meet their financial goals effectively.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for Prostatis Financial Advisors Group does not mention any note about investment minimums. Therefore, it is unclear what their investment minimum might be. It is recommended to reach out to the firm directly to inquire about their investment minimums.
How This Office Can Help Glen Echo, MD Residents
Prostatis Financial Advisors Group provides comprehensive financial planning and investment management services to clients in Glen Echo, MD. They understand that each client's financial situation is unique and therefore tailor their services to meet the specific needs of each person they work with. One financial situation common in Glen Echo, MD is the desire to plan for retirement. Prostatis Financial Advisors Group can help clients assess their current financial situation, set realistic retirement goals, and develop a customized plan that includes the appropriate investment strategies. Another challenge facing residents in Glen Echo, MD is navigating the complex tax environment. Prostatis Financial Advisors Group can assist clients in developing tax-efficient investment strategies and maximizing their tax savings. Additionally, they can help clients manage their cash flow and debt, ensure proper protection through insurance coverage, and create a comprehensive estate plan to protect their assets and provide for their loved ones.
Services Offered by Prostatis Financial Advisors Group
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 Prostatis Financial Advisors Group 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.
Unavailable
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
This firm has no other locations.
State Registrations
Prostatis Financial Advisors Group is registered to service clients in the following states:
- Arizona
- California
- Delaware
- Florida
- Louisiana
- Maryland
- Michigan
- New York
- North Carolina
- Pennsylvania
- South Carolina
- Texas
- Virginia
Disciplinary History
Prostatis Financial Advisors Group does not have any disclosures. Please visit it's Form ADV for more details.