Wisdom Investments, Inc.
Helping you make smart decisions with your money.
Asset Management Advisory Services
Asset management advisory services are provided on a discretionary basis. Non discretionary investment services are covered under the guise of a comprehensive financial plan retainer. The services include
1. Determination of long-term investment objectives and goals,
2. Risk tolerance analysis,
3. Asset allocation analysis,
4. Specific investment selection, and
5. Performance monitoring.
Wisdom Investments adheres to the investment theory known as Modern Portfolio Theory. Modern portfolio theory is used to allocate assets across asset classes consistent with the clients risk tolerance. Various tools/software are used to ascertain that investments are “asset class pure” so as to capture the performance of such asset class.
Wisdom Investments creates investment models aligned with various degrees of risk tolerance. Investments used to implement such models may overlap between models to various degrees.
Asset management advisory are payable quarterly in arrears. Quarterly fees are as follows:
.375% on the first $250,000 of assets under management
.250% on the next $250,000 of assets under management
.1875% on the next $500,000 of assets under management
.1625% on the next $1,000,000.of assets under management
.1375% on the next $3,000,000 of assets under management
.1125% on amounts over $5,000,000 of assets under management
Clients will agree upfront to the advisory fees and will instruct us as to whether the fees should be billed to them or automatically transferred from their account balance at the end of each quarter by the independent custodian. The fees are pro-rated if someone starts into the quarter or terminates before the quarter's end.
Fees applicable to each clients account will be disclosed in the client's asset management agreement. The client is responsible for all transaction costs.
Wisdom Investments does not have a minimum net worth size or minimum portfolio size relative to asset management advisory services. However, clients with a portfolio of less than $100,000 will be retained only for a flat fee of $1,500 payable quarterly in arrears. The fee will be billed and is not eligible for automatic transfer from the client's account.
Wisdom Investments shall never have custody of client funds or securities. Compliance with "the Custody Rule" is maintained at all times. An independent custodian will be used to charge account and transaction fees which will be negotiated by the adviser. The advisory client provides a written authorization permitting the advisers fee to be paid directly from the clients account held by an independent custodian or trustee. Adviser sends to client and custodian, at the same time, a bill showing the amount of the fee, the value of the client's assets on which the fee was based, and the specific manner in which the adviser's fee was calculated. The custodian agrees to send to the client a statement, at least quarterly, indicating all amounts dispersed from the account including the amount of advisory fees paid directly to the adviser. Fees will also be billed to clients on a quarterly basis.
Refund and termination policy. No fees are ever prepaid. Our investment advisory fee may be terminated at the end of any quarter by either party within 30 days written notice. The custodian may charge an account termination fee. Wisdom Investments, Inc. will not charge a termination fee.
Asset management advisory service clients paying advisory fees that equal or exceed $2,500.00 per year are also eligible for the same services provided under the comprehensive financial plan retainer, at no additional cost.
Advisory fees may be waived or reduced, for family members or perceived hardship, at the discretion of the advisor.
This site has been published for residents of IL. All information herein has been prepared solely for informational purposes, and it is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy.
Wisdom Investments, Inc. is a Registered Investment Advisor. Investment Advisor Representatives of Wisdom Investments, Inc. may transact advisory business in a particular state only if first registered, excluded or exempted from Investment Advisor Representative requirements. In addition, follow-up conversations or meetings with individuals in a particular state that involve either the effecting or attempting to effect transactions in the rendering of personalized investment advice for compensation, will not be made absent compliance with state Investment Advisor Representative registration requirements, or an applicable exemption or exclusion.
