- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
Burns Matteson Capital Management, LLC Overview
Burns Matteson Capital Management, LLC is a fee-only registered Investment Advisory firm that has been in the business since 2002, with its headquarters situated in Corning, NY. The firm provides investment advice only, with a clear focus on clients' financial planning and portfolio management, catering to individuals and small businesses alike. Burns Matteson Capital Management is proud to offer advisory services that are built around client interests, with a commission-free approach that ensures unbiased advice. The firm's portfolio management services are designed to minimize risk and optimize returns, aligning clients' goals with practical investment strategies. Burns Matteson helps its clients choose the right mix of financial products that are both effective and suitable to meet their long-term financial aspirations. The firm's advisors have extensive experience in providing efficient asset allocation, stock selection, and risk management insights, ensuring that clients' portfolios remain on track in both bull and bear market conditions. In addition to their in-house investment management services, Burns Matteson Capital Management LLC also selects other advisors to cater to clients' diverse financial needs. The firm provides access to a network of specialists in tax, estate planning, and insurance domains, ensuring its clients are well-equipped to deal with any financial issue that may arise. Burns Matteson Capital Management is committed to client satisfaction, with a proven track record of excellence in investment advisory services in both rising and falling markets.
Burns Matteson Capital Management, LLC is an esteemed financial firm that caters to diverse types of clients seeking investment and wealth management solutions. The firm's bespoke services are tailored to meet the needs of individuals, high net worth individuals, pension or profit sharing plans, and charitable organizations. Whether clients seek long-term investment strategies or require specific wealth management solutions, Burn Matteson Capital Management, LLC combines its expert knowledge with outstanding client service to deliver the desired outcomes. Clients of Burns Matteson Capital Management, LLC are offered a range of fee structures that suit their specific needs and the services they require. The firm's fee structures include percentage of assets under management, hourly, and fixed fees depending on the complexity of the case and the time required to complete it. The percentage of AUM fee structure is common for clients seeking long-term wealth management solutions, while the hourly fee structure is better suited for clients seeking specific financial advice or a one-off consultation. Fixed fees are often charged for specific projects such as estate planning and tax consulting and are calculated according to the scope and complexity of the case. With its flexible fee structures, Burns Matteson Capital Management, LLC ensures that all clients receive individualized attention and superior value for their investment.
Typical Clients, Fee Structures & Investment Minimum
The investment minimum for Burns Matteson Capital Management is typically $2 million for wealth management services, with a negotiated minimum for investment management only services. However, they may accept accounts under the $2 million minimum in certain circumstances, such as referrals from existing clients or clients with previous working relationships with any employee of Burns Matteson Capital Management. If they make an exception to accept a new wealth management relationship with an initial balance under $2 million of traditional (non-CSRP) assets, the investment management fee will be a minimum quarterly fee of $4,500.
How This Office Can Help Corning, NY Residents
Burns Matteson Capital Management is a team of financial experts who assist clients in Corning, NY with a variety of financial services. With over 20 years of experience in the industry, they understand the unique financial situations that people in Corning may be facing. For example, many residents in the area may be dealing with the high cost of living, medical expenses, and retirement planning. Burns Matteson Capital Management is well-equipped to help clients navigate these financial challenges and meet their financial goals. One of the key ways that Burns Matteson Capital Management assists clients is by offering personalized financial planning services. They work closely with each client to understand their individual financial situation, goals, and risk tolerance before developing a comprehensive financial plan. This may include investment management, retirement planning, tax planning, and estate planning, among other services. By taking a holistic approach to financial planning, Burns Matteson Capital Management helps clients gain confidence and peace of mind in their financial future.
Services Offered by Burns Matteson Capital Management, LLC
Core Advisor Services
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.
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.
Financial advisory fees usually are based on the services provided. Fee types charged by Burns Matteson Capital 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.
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.
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.
Subscription (Newsletter or Periodical)
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.
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.
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).
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.
Other Office Locations
This firm has no other locations.
Burns Matteson Capital Management, LLC is registered to service clients in the following states:
- New Hampshire
- New Jersey
- New York
- North Carolina
Burns Matteson Capital Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.