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
Rezny Wealth Management, Inc. Overview
Rezny Wealth Management, Inc. is a reputable Registered Investment Advisory (RIA) firm that specializes in providing investment advice to its clients. Founded in 2014, the firm's headquarters are located in Fort Myers, Florida. Since its inception, Rezny Wealth Management has adhered to a fee-only fee arrangement. This means that the firm's sole source of income comes from the fees paid to them by their clients, providing transparency and eliminating potential conflicts of interest. Rezny Wealth Management offers a range of services tailored to individuals and small businesses. These include comprehensive financial planning, as well as portfolio management services. Their portfolio management strategies are designed to help clients achieve their investment objectives by constructing portfolios that align with their risk tolerance and return objectives. As an investment advice-only firm, Rezny Wealth Management provides advice without the sale of investment products. This means that the firm has no vested interest in recommending any particular investment, but rather offers unbiased and objective advice in the best interest of their clients. Overall, Rezny Wealth Management, Inc. is a reliable and reputable firm with a proven track record of providing clients with objective investment advice and personalized portfolio management strategies.
billing fixed fee REZNY WEALTH MANAGEMENT, INC., a top-rated financial consulting firm, serves a diverse range of clients across various financial realms. They specialize in providing comprehensive financial management, planning and investment advisory services to individuals and high net worth individuals. These clients come from various sectors such as the corporate sector, the entertainment industry, private business owners, among others. With its vast experience, expertise and flexibility, REZNY WEALTH MANAGEMENT, INC. is equipped to serve clients with varying financial interests and objectives. Considering the unique situation and specific needs of their clients, REZNY WEALTH MANAGEMENT, INC. offers various fee structures to serve them comprehensively. Clients are offered three fee options depending on the services provided - a percentage of AUM, hourly billing or fixed fee. The percentage of AUM, which is a fee based on assets under management, is ideal for clients with large portfolios. Hourly billing is based on the time allotted to managing a client's portfolio, ideal for clients with more personalized financial goals. On the other hand, fixed fees are suitable for clients who prefer to have a steady and predictable approach to managing their wealth and may include monthly or quarterly payment schedules depending on the client's preference. The various fee structures provide clients with flexibility and an assurance that they are only paying for the services they need, leading to a transparent financial relationship with REZNY WEALTH MANAGEMENT, INC.
Typical Clients, Fee Structures & Investment Minimum
According to REZNY WEALTH MANAGEMENT, INC.'s Part 2 Brochure, the firm's investment minimum varies based on the type of account and investment strategy being utilized. Specifically, the brochure states that "investment minimums will vary depending on the specific strategy being implemented" (page 2). Therefore, it appears that there is no set investment minimum for the firm as a whole and that clients should consult with the firm directly to determine what the minimum investment amount may be for their specific account or investment approach.
How This Office Can Help Naples, FL Residents
Rezny Wealth Management, Inc. is a financial planning and investment management firm located in Naples, FL. The firm offers a wide range of services aimed at helping clients achieve their financial goals. Whether it's retirement planning, tax planning, or investment management, Rezny Wealth Management, Inc. has the expertise and experience to help clients navigate the complexities of their financial lives. For individuals living in Naples, FL, there are several financial situations that they may be facing. One common situation is retirement planning. Many individuals in Naples have worked hard and saved diligently throughout their lives, and now they are looking to retire and enjoy their golden years. Rezny Wealth Management, Inc. can help these individuals create a retirement plan that takes into account their unique financial situation and goals. Additionally, individuals in Naples may be facing challenges related to managing their wealth. With housing prices and the cost of living relatively high in Naples, it can be challenging to make sure that investments are properly diversified and managed. Rezny Wealth Management, Inc. can help these individuals create a comprehensive investment strategy that reduces risk and maximizes returns.
Services Offered by Rezny Wealth Management, 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 Rezny Wealth Management, 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.
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
Firm Headquarters
This firm has no other locations.
State Registrations
Rezny Wealth Management, Inc. is registered to service clients in the following states:
- Florida
- Illinois
- Louisiana
Disciplinary History
Rezny Wealth Management, Inc. does not have any disclosures. Please visit it's Form ADV for more details.