Firm Info
Firm Size
Services Offered
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
Types of Clients
- Pension & Profit Sharing Plans
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
Fmb Retirement Services Overview
FMB Retirement Services is an investment advisory firm that offers fee-only services to its clients. Since its inception in 2012, the firm has gained a reputation as a trusted provider of investment advice. The headquarters is located in Westlake Village, CA, and the firm has been providing its services for almost a decade now. This registered investment advisory firm specializes in investment advice only and focuses on providing portfolio management services for institutional clients and businesses. FMB Retirement Services works closely with their clients to determine their investment goals and build customized portfolios that align with these goals. The firm takes a holistic approach to investment management, ensuring that every aspect of a client's portfolio is optimized for maximum returns. Pension consulting services are also offered by the firm, which includes providing guidance and advice on retirement plan design, implementation, and administration. As a fee-only firm, FMB Retirement Services does not receive commissions or other types of compensation for recommending investments or products. This gives clients peace of mind that their investments are always aligned with their goals, and that the firm's advice is unbiased. Overall, FMB Retirement Services is an investment advisory firm that is committed to helping its clients achieve their financial goals with ethical and transparent advice.
FMB Retirement Services caters to a diverse range of clients, such as pension or profit-sharing plans, and other types of corporations that are not listed. They provide exceptional retirement and financial services to ensure their clients accomplish their long-term financial goals. The investment portfolio of each client is tailored according to their specific requirements, highlighting the need for personalized approaches to investment management. Additionally, the firm provides various strategies to minimize taxes and maximize returns. FMB Retirement Services offers fee structures depending on the service provided. For instance, based on the client's assets under management (AUM), a percentage method is available to determine their annual fee. AUM refers to the total value of all the securities in a client's account, and this fee structure, typically a percentage between 0.5% to 2% of the AUM, is used to calculate the average annual fee charged to manage the portfolio. The firm offers the option to pay these fees either monthly or quarterly. FMB Retirement Services ensures every client receives quality service while also offering them a competitive price. Their goal is to serve their clients' best interests and achieve financial stability for their future.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for FMB RETIREMENT SERVICES does not mention anything about their investment minimum. It is possible that they do not have a minimum investment requirement or that this information is only available to clients who have already expressed interest in investing with the firm. If you are considering investing with FMB RETIREMENT SERVICES, it is recommended that you reach out to them directly to inquire about their investment minimum and any other relevant information.
How This Office Can Help Thousand Oaks, CA Residents
FMB Retirement Services is committed to assisting clients in Thousand Oaks, CA, by providing them with comprehensive retirement planning services. With over two decades of experience in the financial services industry, FMB Retirement Services' team of financial advisors is well-equipped to help individuals navigate complex financial situations, such as retirement planning, wealth management, tax planning, estate planning, and more. Living in Thousand Oaks, CA, means facing unique financial situations. Many individuals living in Thousand Oaks are retirees, who are often looking for ways to maximize their retirement savings and ensure a steady stream of income during their golden years. Others may be facing challenges with managing their investments, optimizing their tax strategies, and creating a comprehensive plan for their estate. FMB Retirement Services can help clients in Thousand Oaks, CA, achieve their financial goals by providing personalized financial planning advice that is tailored to their unique situation. Whether an individual is looking to retire soon or wants to optimize their investments, FMB Retirement Services has the expertise and experience to help them achieve their goals.
Services Offered by Fmb Retirement Services
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 Fmb Retirement Services 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
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
This firm has no other locations.
State Registrations
Fmb Retirement Services is registered to service clients in the following states:
- California
Disciplinary History
Fmb Retirement Services does not have any disclosures. Please visit it's Form ADV for more details.