Firm Info
Firm Size
Services Offered
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management of Pooled Investment Vehicles
- Portfolio Management for Businesses or Institutional Clients
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pooled Investment Vehicles
- Pension & Profit Sharing Plans
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
Weik Capital Management Overview
Weik Capital Management is a well-established registered investment advisory firm that has been offering investment advice since 1987. Based in Wyomissing, PA, the firm provides fee-based services that cater to a diverse client base. The firm's main focus is on portfolio management, and it offers this service to individuals, small businesses, and institutional clients. One of the unique features of Weik Capital Management is that it only provides investment advice and does not engage in other activities like buying or selling securities. This allows the firm to concentrate solely on managing client portfolios and providing customized investment solutions that fit the specific needs of each client. The firm's investment services are characterized by their personalized approach, with investment decisions based on rigorous research and analysis. Clients benefit from the firm's thorough market research and expertise in selecting and managing investment strategies that deliver the best returns with the lowest possible risk. Weik Capital Management is committed to providing its clients with top-notch investment advice that contributes to long-term financial growth and stability.
(assets under management), flat fee, hourly rate, or performance-based. WEIK CAPITAL MANAGEMENT is proud to serve a diverse clientele that includes individuals, high net worth individuals, pooled investment vehicles, pension or profit sharing plans, charitable organizations, and a variety of other corporation types. With a highly trained team of financial professionals, WEIK CAPITAL MANAGEMENT is capable of providing expert advice and guidance to clients regardless of their unique needs and challenges. Depending on the service provided, a range of fee structures are available to clients. These include a percentage of AUM, a flat fee, an hourly rate, or a performance-based fee. Clients can rest assured that WEIK CAPITAL MANAGEMENT will work closely with them to develop a customized fee structure that best suits their needs and maximizes their return on investment. The team’s transparency and flexibility make them a go-to choice for clients looking for a trustworthy investment partner that is dedicated to their financial success.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for Weik Capital Management does not mention anything about an investment minimum. Therefore, it is unclear what the minimum amount required to invest with this firm may be. Investors may need to reach out to the firm directly to inquire about their investment minimums, or explore other investment options available to them.
How This Office Can Help Wyomissing, PA Residents
Weik Capital Management is a financial firm that is committed to assisting clients achieve their financial goals. With a focus on personalized service, the firm provides a broad range of financial planning and investment management services to individuals living in Wyomissing, PA. The specific financial situations someone living in Wyomissing, PA may be facing include retirement planning, college savings planning, estate planning, and investment management. Weik Capital Management helps clients plan for retirement by analyzing their current financial situation and determining the best retirement savings strategy. With the rising cost of education, many individuals and families in Wyomissing, PA are concerned about saving for college. Weik Capital Management offers strategies and solutions for college savings planning, making it easier for parents to save for their children's education. Estate planning is also a critical aspect of financial planning, and the firm helps clients protect their heirs by creating a comprehensive estate plan. Investment management is another area where Weik Capital Management offers expertise, helping clients make informed investment decisions that align with their financial goals and risk tolerance. With the assistance of Weik Capital Management, individuals in Wyomissing, PA can gain the peace of mind that comes with having a comprehensive financial plan in place.
Services Offered by Weik Capital 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 Weik Capital 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.
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)
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.
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 AM–5 PM
- Tue 8 AM–5 PM
- Wed 8 AM–5 PM
- Thu 8 AM–5 PM
- Fri 8 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Weik Capital Management is registered to service clients in the following states:
- Florida
- Pennsylvania
- Texas
Disciplinary History
Weik Capital Management does not have any disclosures. Please visit it's Form ADV for more details.