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
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Mentor Capital Management Inc. Overview
MENTOR CAPITAL MANAGEMENT INC. is a Fee Only Registered Investment Advisory firm headquartered in Chicago, IL. Since its establishment in 2020, the firm has been committed to providing investment advice only to its clients. As a Fee Only firm, MENTOR CAPITAL MANAGEMENT INC. does not earn commissions or receive compensation for securities transactions, ensuring that the firm is always working in the best interests of its clients. The firm offers financial planning services to its clients, enabling them to identify and achieve their financial goals. MENTOR CAPITAL MANAGEMENT INC. works with individuals and small businesses providing customized solutions for each unique situation. The firm's financial planning process includes identifying the client's current financial position, understanding their financial goals, developing a strategic plan, and implementing the plan, constantly monitoring progress to ensure that goals are being met. MENTOR CAPITAL MANAGEMENT INC. offers portfolio management services for individuals and small businesses, helping them to diversify and optimize their investment portfolios. The firm works closely with its clients, building a portfolio customized to their unique risk tolerance, investment objectives, and financial goals. MENTOR CAPITAL MANAGEMENT INC.'s team of investment professionals specializes in providing individualized investment management strategies that align with the client's risk tolerance and long-term goals.
MENTOR CAPITAL MANAGEMENT INC. is a highly sought-after advisory firm that caters to a diverse clientele base. In order to ensure that clients receive personalized services, MENTOR CAPITAL MANAGEMENT INC. assists a variety of clients ranging from individuals, high net worth individuals, and other corporation types not listed. The firm recognizes the fact that each client is different and therefore has tailored its services to meet each client's unique needs. As a result, clients of MENTOR CAPITAL MANAGEMENT INC. are satisfied and continue to seek their services for their unmatched financial expertise. The firm offers several fee structures depending on the service provided. Clients can choose to pay a percentage of their assets under management (AUM) for ongoing advice, portfolio management, and other related services. Alternatively, clients can opt to pay hourly fees if they need assistance on specific matters or want to get some guidance on financial planning. Fixed fees are also available to clients who might not necessarily want a long-term commitment to the firm but need some assistance with a specific project. With various options for clients, MENTOR CAPITAL MANAGEMENT INC. guarantees that each client's unique financial needs are met, and they are confident that the fee structure that aligns with their services provided is suitable for their clients.
Typical Clients, Fee Structures & Investment Minimum
According to the note about investment minimums in their Part 2 Brochure, Mentor Capital Management Inc. does not have a minimum dollar value or any other condition for starting or maintaining an account. This means that accounts may be of any size and investments of any type can be made with the firm. Therefore, there is no investment minimum mentioned in their Part 2 Brochure.
How This Office Can Help Elmhurst, IL Residents
As a financial advisor at Edward Jones, Eric R Dahl, AAMS®, has a wide range of expertise to help clients in Boone County, IL. With a focus on long-term goals, Dahl works closely with clients to develop a personalized plan that fits their unique financial situation. He is dedicated to providing comprehensive financial guidance to make informed decisions that help clients achieve their financial goals. For people living in Boone County, IL, there may be a variety of financial situations to address. Whether clients are preparing for retirement, planning for college expenses, managing debt, or investing for the future, Dahl provides guidance to help make sense of complicated financial decisions. He understands that each client's financial goals are unique, and works one-on-one to develop a tailored plan to achieve them. With a patient and understanding approach, he is committed to serving as a trusted partner for clients throughout their financial journey.
Services Offered by Mentor Capital 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 Mentor Capital 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.
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
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Mentor Capital Management Inc. is registered to service clients in the following states:
- Illinois
- Texas
Disciplinary History
Mentor Capital Management Inc. does not have any disclosures. Please visit it's Form ADV for more details.