Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
- Selection of Others Advisors
- Other
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
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Palatine Hill Wealth Management Overview
Palatine Hill Wealth Management is an investment advisory firm headquartered in Ann Arbor, Michigan. Founded in 2019, this firm has quickly established itself as a trusted source of investment advice for individuals and small businesses. As a fee-only firm, Palatine Hill is committed to providing unbiased advice without the potential conflicts of interest that can arise from commissions or other compensation arrangements. The registered investment advisory firm offers a range of services, including financial planning and portfolio management. Clients can rely on Palatine Hill to help them create a customized investment strategy that is tailored to their individual needs and goals. Additionally, the firm provides pension consulting services, ensuring that clients plan for a secure retirement. Palatine Hill also offers advisor selection services, helping clients choose the right professionals to round out their financial team. Palatine Hill Wealth Management stands out in the industry due to its focus on investment advice only. This commitment to specialization means that the firm is able to provide deeper expertise in areas such as asset allocation, risk management, and other investment-related topics. Additionally, the firm offers consulting services beyond traditional investment management, further cementing its status as a trusted partner for individuals and businesses alike.
PALATINE HILL WEALTH MANAGEMENT is a renowned financial firm that caters to a diverse range of clients from individuals to high net worth individuals and charitable organizations. Apart from these, the firm takes pride in providing excellent financial management services to other corporation types not listed. From youths who just got their first job to retirees, they offer tailored services to cater to individual needs and goals. When it comes to fee structures, PALATINE HILL WEALTH MANAGEMENT offers flexibility, allowing its clients to choose according to the type of service provided. For clients requiring investment management services, the firm usually charges a percentage of AUM. However, clients who want personalized financial planning services can opt for either hourly billing or fixed fees. This means that the firm charges a certain amount of fee per service provided, instead of a commission. Furthermore, PALATINE HILL WEALTH MANAGEMENT ensures transparency in all fee charges, avoiding any hidden costs and keeping its clients informed from start to finish.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for Palatine Hill Wealth Management mentions that their minimum account size is $1 million. However, there is no explicit note about investment minimums in their brochure.
How This Office Can Help Spring Arbor, MI Residents
Palatine Hill Wealth Management helps clients in Spring Arbor, MI plan for their future and build a strong financial foundation. With careful consideration and personalized attention, their team of financial advisors helps clients navigate complex financial situations, such as retirement planning, investment strategies, and estate planning. For someone living in Spring Arbor, MI, they may be faced with the responsibility of taking care of aging parents while also saving for their own retirement. Additionally, they may be concerned about the rising cost of healthcare and how it will impact their financial stability. Palatine Hill Wealth Management understands the unique challenges of living in Spring Arbor, MI and is committed to providing comprehensive financial planning services that address the specific needs of each client.
Services Offered by Palatine Hill Wealth Management
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 Palatine Hill Wealth Management 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
- Mon 8:30 AM–5 PM
- Tue 8:30 AM–5 PM
- Wed 8:30 AM–5 PM
- Thu 8:30 AM–5 PM
- Fri 8:30 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
State Registrations
Palatine Hill Wealth Management is registered to service clients in the following states:
- Indiana
- Michigan
- Pennsylvania
- Texas
Disciplinary History
Palatine Hill Wealth Management does not have any disclosures. Please visit it's Form ADV for more details.