For clients with less complex financial situations, or those who don’t wish to develop a comprehensive financial plan, wealthpath offers a relatively inexpensive alternative to the concierge wealth management services offered by M.J. Smith & Associates.
When you look at the “all in” fees - the advisory fee plus the underlying fund expenses - you’ll find many of the other investment platforms are more expensive.1 The underlying fund expenses are usually not seen by most investors. Consider an example using a hypothetical portfolio of $500,000. This table shows the difference in total costs when factoring in both advisor fees and fund expenses.
Our wealthpath clients would recognize a $4,600 per year savings in fees compared to the typical bank, brokerage, or wealth management firm.