Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Other
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Fiduciary Financial Advisors Overview
Fiduciary Financial Advisors is an independent registered investment advisory firm offering investment advice only. Established in 2021 and headquartered in Grand Rapids, Michigan, the firm prides itself on providing objective advice without any conflict of interest. Their fee arrangement is fee-only, which means they do not earn commissions from clients' investment decisions. The firm offers financial planning services to help clients set and achieve their financial goals. They also provide portfolio management for individuals and small businesses. The portfolio management services include investment research, asset allocation, and ongoing monitoring to ensure optimal portfolio performance. In addition to financial planning and portfolio management, Fiduciary Financial Advisors offers corporate employee education services. This service helps businesses educate their employees on retirement planning, investment strategies, and financial literacy. Overall, Fiduciary Financial Advisors seeks to provide comprehensive financial services to help clients navigate the complex world of investing.
Fiduciary Financial Advisors serves a diverse range of clients, including individuals, high net worth individuals, charitable organizations, and other corporation types not listed. They understand that each client has unique financial needs and therefore provide customized solutions to cater to their specific requirements. When it comes to the fee structures, Fiduciary Financial Advisors offers various options depending on the services provided. Clients can choose from a percentage of assets under management (AUM), hourly billing, or fixed fees. With a percentage of AUM structure, the firm charges a percentage of the client's overall investments. While, with hourly billing, the firm charges a set rate for each hour worked by their professionals, and with a fixed fee, they charge a set sum of money for a particular service provided. This fee structure flexibility ensures that clients receive services that align with their financial goals while also offering them cost-effective options.
Typical Clients, Fee Structures & Investment Minimum
According to Fiduciary Financial Advisors' Part 2 Brochure note about investment minimums, the firm does not have a stated minimum asset size. Therefore, it can be inferred that there is no specific investment minimum required to become a client of the firm. The firm offers its services to individuals, high net worth individuals, and corporations or other business entities without regard to asset size.
How This Office Can Help Kalamazoo, MI Residents
Fiduciary Financial Advisors in Kalamazoo, MI is a firm that assists clients in managing their finances and investments. They provide financial planning services that include investment management, retirement planning, and estate planning. One of the main focuses of the firm is helping their clients achieve their long-term financial goals. For someone living in Kalamazoo, MI, Fiduciary Financial Advisors can assist with various financial situations. For example, many residents may be concerned about planning for retirement and ensuring they have enough saved for the future. The firm can help create a personalized retirement plan that accounts for the client's individual finances and goals. Additionally, they can provide guidance on saving for college education, managing debt, and planning for the transfer of wealth to future generations. With their expertise and customized financial advice, Fiduciary Financial Advisors is a valuable resource for anyone looking to manage their finances and build a solid financial future in Kalamazoo, MI.
Services Offered by Fiduciary Financial Advisors
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 Fiduciary Financial Advisors 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 9 AM–5 PM
- Tue 9 AM–5 PM
- Wed 9 AM–5 PM
- Thu 9 AM–5 PM
- Fri 9 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Fiduciary Financial Advisors is registered to service clients in the following states:
- Alabama
- California
- Colorado
- Florida
- Illinois
- Michigan
- Ohio
- Texas
- Wisconsin
Disciplinary History
Fiduciary Financial Advisors does not have any disclosures. Please visit it's Form ADV for more details.