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McMannis Wealth's
Fee Overview

Assets Under Management (AUM)

Strategically Personalized Framework (SPF): 1.00% of AUM

Wealth Accumulation Target(WAT): 0.65% of AUM

Treasury Bond Ladder(TBL): 0.35% of AUM

 

Financial Planning

Independent Plan: $250

WCS Member Plan: $125

SPF, WAT, & TBL: Included

 

Wealth Coaching Service

Individual: $20 a month

Family: $50 a month 

Advisory fee structures explained...

The two most common forms of fee structures in the investment world are "commission" and "assets under management"(AUM).

 

Commission is a one time fee for a moment of service (see example below). 

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AUM is the annual percentage of the assets being managed (see example below). 

Commission Example: $1,000 portfolio

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​A common example of this is a "front-end load" mutual fund. The average load fee is 4.75%. This means an individual that purchased $1,000 into this fund would be charged an up front one time fee of $47.50.

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$1,000 x 4.75% = $47.50

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​McMannis Wealth DOES NOT use this type of fee structure. 

Assets Under Management

Example: $1,000 portfolio

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An example of an AUM fee would be a portfolio manager that charges 1.25%. This fee is based on the value of the portfolio throughout the year. If the portfolio stayed at a constant $1,000 value, then the client would pay $12.50 in management fees for the year. 

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$1,000 x 1.25% = $12.50

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McMannis Wealth DOES use this type fee structure.

Image by Rodeo Project Management Software

Why we chose AUM...

We do not believe in the commission service model. Unfortunately we've seen advisors that use this model focus primarily on their volume of clients. This generally leads to a less than stellar client experience in our opinion. We also don't believe in the "one-time" engagement service model. 

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When we accept a client into our practice it is with the intention of the client being a permanent member of McMannis Wealth. We believe it is the responsibility of a good & ethical financial services practitioner to evolve with their client. The assets under management fee structure encourages both client family and advisor to "sit on the same side of the table". We both will benefit from the same thing - your portfolio increasing in value. We both experience the negative effects of a portfolio that suffers losses. We believe that the advisor should be subject to the same market fluctuations that the client is. 

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We have three (3) services that utilize the assets under management fee structure. They are listed below along with the projected annual fee in dollars for a $1,000 portfolio (assuming no movement throughout the year). 

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1) Strategically Personalized Framework (SPF) - 1.00% annually

                                                     $1,000 x 1.00% = $10.00 annually

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2) Wealth Accumulation Target (WAT) - 0.65% annually

                                                     $1,000 x 0.65% = $6.50 annually

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3) Treasury Bond Ladder - 0.35% annually

                                   $1,000 x 0.35% = $3.50 annually

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