Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Selection of Others Advisors
- Educational Seminars & Workshops
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)
Mason & Associates, LLC Overview
MASON & ASSOCIATES, LLC is a fee-only registered investment advisory firm that has been in business since 2020. The firm is headquartered in Newport News, VA, and specializes in providing investment advice to individuals and small businesses. They offer financial planning and portfolio management services, helping their clients make informed decisions about their finances and investments. In addition to these core services, MASON & ASSOCIATES, LLC also offers selection of other advisors to its clients. This means that they can help their clients find other professionals, such as attorneys or accountants, who can provide complementary services to help them meet their financial goals. Finally, MASON & ASSOCIATES, LLC provides educational seminars and workshops to help individuals and small businesses learn more about finances and investing. These events are designed to be informative, engaging, and interactive, providing attendees with the knowledge and skills they need to make smarter financial decisions. Overall, MASON & ASSOCIATES, LLC is a comprehensive financial advisory firm that is dedicated to helping its clients achieve their financial goals. With its fee-only structure and extensive range of services, it is an excellent choice for anyone who is serious about managing their finances and building a secure financial future.
MASON & ASSOCIATES, LLC is a financial management firm that serves an array of clients. The firm's clientele includes individuals and high net worth individuals seeking professional financial advice and management. With a wealth of experience in the financial sector, MASON & ASSOCIATES, LLC tailors their strategies to cater to each client's unique financial goals. Whether it's investment guidance, retirement planning, tax optimization, or wealth preservation, the firm has the necessary expertise to meet a variety of financial needs. When it comes to fee structures, MASON & ASSOCIATES, LLC offers clients a choice between three options. Firstly, there is percentage of assets under management (AUM) structure, where the firm charges a percentage fee based on the portfolio's total value. This option is suited for clients who require continuous investment management. Secondly, the hourly fee structure allows clients to pay for the time spent on a financial consultation. In this model, clients are billed for the firm's time and billed for subsequent hours as required. Finally, the fixed fee option is prevalent for clients who require a clearly defined financial plan or service. This option can be tailored to address specific client issues, which may take some time to resolve. Overall, the fee structures available at MASON & ASSOCIATES, LLC are designed to be transparent, flexible and beneficial to their clients.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for Mason & Associates, LLC does not mention an investment minimum.
How This Office Can Help Hampton, VA Residents
Mason & Associates, LLC provides comprehensive financial planning and guidance to clients in Hampton, VA. The firm understands that financial situations can vary greatly from individual to individual, and provides tailored solutions to meet specific needs. For example, residents in Hampton may be facing retirement planning challenges, including generating a reliable income stream during retirement, managing their assets, and planning for long-term care needs. Additionally, the firm can assist clients in Hampton with tax planning, estate planning, and investment management. With a focus on minimizing taxes, maximizing returns, and managing risk, Mason & Associates, LLC works to help clients achieve their financial goals and increase financial security. The firm's team of experienced professionals is committed to providing individualized solutions and guidance to help clients navigate the complex financial landscape.
Services Offered by Mason & Associates, 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 Mason & Associates, 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
- Mon 8:30 AM–5 PM
- Tue 8:30 AM–5 PM
- Wed 8:30 AM–5 PM
- Thu 8:30 AM–5 PM
- Fri Closed
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
State Registrations
Mason & Associates, LLC is registered to service clients in the following states:
- California
- Colorado
- Florida
- New Hampshire
- North Carolina
- Texas
- Virginia
Disciplinary History
Mason & Associates, LLC does not have any disclosures. Please visit it's Form ADV for more details.