Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- 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
- Charitable Organizations
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
Sendero Wealth Management, LLC Overview
Sendero Wealth Management LLC is a registered investment advisory firm that provides investment advice exclusively to its clients. Based out of San Antonio, TX, the firm has been in the business since 2007. The company offers fee-based services, meaning that its clients pay a set fee according to the services they receive, rather than being charged a commission on products purchased. The fee-based structure aligns the firm's interests with those of its clients, as they both profit from the clients' returns on investment. Sendero Wealth Management offers a wide range of services to its clients, including financial planning, portfolio management for individuals and small businesses, and portfolio management for businesses or institutional clients. The firm's financial planning services give clients access to expert advice on managing their money, including savings, debt management, retirement planning, and education funding. Additionally, clients can benefit from Sendero Wealth Management's portfolio management services, which assist clients in building a diversified investment portfolio based on their individual risk tolerance and goals. The firm also provides its clients with the option of selecting other advisors from other firms that are better suited to their investment needs. Furthermore, Sendero Wealth Management offers educational seminars and workshops, providing clients with valuable insights into the market, financial planning, and other investment-related topics. With its years of experience in the industry, Sendero Wealth Management LLC has established itself as a reputable and trustworthy firm, providing its clients with comprehensive and tailored investment solutions.
SENDERO WEALTH MANAGEMENT, LLC specializes in serving a wide range of clients, including individuals, high net worth individuals, and charitable organizations. Their vast expertise in the field of wealth management offers tailored solutions that cater to the specific needs and investment goals of their clients. Whether the client is an individual who requires basic financial planning or an organization with a complex investment portfolio, Sendero Wealth Management, LLC has the necessary knowledge and tools to meet their needs. In terms of fees, Sendero Wealth Management, LLC offers two types of structures, depending on the service provided. Firstly, they provide a percentage of assets under management (AUM) fee structure, where the fee charged is based on the total value of the client's investments. This fee structure aligns the firm's interests with those of the client as the firm benefits when the client's portfolio grows. Secondly, they offer a fixed fee structure for certain services provided. This structure can help clients budget accordingly as they know exactly how much they will be paying for the service rendered. Overall, Sendero Wealth Management, LLC prioritizes transparency and aims to offer flexible fee structures that work best for their clients' unique financial situations.
Typical Clients, Fee Structures & Investment Minimum
According to SENDERO WEALTH MANAGEMENT, LLC's Part 2 Brochure, the firm's investment minimum is not explicitly stated. However, the brochure notes that "minimum investment requirements, if any, for advisory services vary depending on the client's specific investment objective, type of account and circumstances." This suggests that there may be investment minimums for certain types of clients or accounts, but they are not disclosed in the brochure and may be determined on a case-by-case basis. Therefore, interested investors should contact SENDERO WEALTH MANAGEMENT, LLC directly to inquire about specific investment minimum requirements.
How This Office Can Help Bexar County, TX Residents
Sendero Wealth Management assists clients in Bexar County, TX by providing customized financial management advice and investment solutions tailored to each individual’s unique financial goals and situations. Their team of financial experts works with clients to develop personalized, comprehensive financial plans that are designed to help them achieve long-term financial stability and success. They provide guidance on retirement planning, estate planning, tax planning, investment management, and much more. Living in Bexar County, TX, individuals may be faced with a variety of different financial situations. Some may be struggling to save for retirement, while others may be dealing with financial stress due to high levels of debt or a lack of financial literacy. Sendero Wealth Management works with clients to address these challenges and provide practical solutions that help to put them on the path to financial success. By taking a comprehensive approach to financial planning, they help clients to maximize their wealth and achieve their financial goals.
Services Offered by Sendero Wealth Management, 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 Sendero Wealth Management, 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.
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
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)
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
Sendero Wealth Management, LLC is registered to service clients in the following states:
- Louisiana
- Texas
Disciplinary History
Sendero Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.