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
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
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Etico Wealth Management LLC Overview
ETICO Wealth Management LLC is a fee-based Registered Investment Advisory Firm that has been in business since 2009. Based in Clifton Park, NY, this firm is dedicated to providing investment advice only to its clients. They offer a range of services, including financial planning, portfolio management for individuals and small businesses, and portfolio management for businesses or institutional clients. The fee arrangement in ETICO Wealth Management LLC is set up as fee-based, ensuring that the client only has to pay a fee for the services rendered, thus minimizing the potential for conflicts of interest. This firm is committed to putting their clients' best interests first. One of the benefits of working with ETICO Wealth Management LLC is that clients can have their portfolios managed by experienced professionals who have years of experience in the industry. This management service extends to individuals, small businesses, and institutional clients, ensuring that each portfolio is appropriately managed and optimized for long-term growth. For clients looking for additional investment advice, ETICO Wealth Management LLC can also assist with the selection of other advisors who may specialize in particular areas. Overall, ETICO Wealth Management LLC is a well-established firm that offers a range of services to ensure that their clients' financial goals are achieved.
ETICO WEALTH MANAGEMENT LLC is a dynamic firm that provides excellent financial planning services to a wide range of clients. The firm serves individuals who are looking for reliable investment advice, as well as high net worth individuals who are seeking comprehensive wealth management services. Additionally, ETICO WEALTH MANAGEMENT LLC caters to pension or profit sharing plans as well as other corporation types not listed, such as LLCs, S-Corps and Partnerships. They recognize that every client is unique and has a unique set of financial goals and aspirations, and as such they tailor their services to meet each individual's specific needs. In terms of fee structures, ETICO WEALTH MANAGEMENT LLC offers flexible payment options that suit the services provided. For some services, they charge a percentage of the assets under management (AUM), while for others they charge an hourly rate for their time and expertise. Fixed fees may also be available depending on the specific work to be done. Clients can discuss their preferences and financial objectives with the firm to determine which fee structure works best for them. Overall, these flexible fee structures demonstrate the firm's commitment to transparency and open communication with their clients, and enable them to provide exceptional value for their services.
Typical Clients, Fee Structures & Investment Minimum
The investment minimum for ETICO WEALTH MANAGEMENT LLC varies depending on the Investment Solution chosen and ranges from $50,000 to $500,000 for Privately Managed and Unified Managed Accounts. However, accounts below the stated minimums may be accepted on an individual basis at the discretion of AssetMark. It is important to note that these minimums are described in more detail in the AssetMark Platform Disclosure Brochure.
How This Office Can Help Utica, NY Residents
Etico Wealth Management LLC offers various financial services to clients in Utica, NY. Whether it's retirement planning, investment management, tax planning, estate planning or college planning, their team of financial advisers provides personalized solutions aimed at meeting the financial objectives of each client. With a deep understanding of the financial landscape of the region, they are better equipped to help clients navigate the unique challenges that they might face. Utica, NY, like many small cities in the US is grappling with its own set of financial challenges. With a large aging population, individuals are concerned about their retirement savings and ensuring that they have sufficient funds to live comfortably in their twilight years. Additionally, there are concerns about college tuition planning, and how best to finance education for children. The region also has a high unemployment rate, which means that it might be challenging for families trying to save and invest for the future. Etico Wealth Management LLC, with its team of financial planners, can help ease these concerns by creating a customized financial plan that takes into account individual circumstances and long-term financial goals.
Services Offered by Etico 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 Etico 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.
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
Etico Wealth Management LLC is registered to service clients in the following states:
- Connecticut
- Florida
- Indiana
- Massachusetts
- New Hampshire
- New York
- Pennsylvania
- Texas
Disciplinary History
Etico Wealth Management LLC does not have any disclosures. Please visit it's Form ADV for more details.