Your Personal CFO
The wealth management solution seeks to align values with resources and wealth and to provide a full array of financial-oriented services within a single framework.
Under this umbrella concept, the financial advisor acts as the individual’s personal chief financial officer. To meet clients’ advanced planning needs, the wealth manager has built a network of professional advisors. The three core members of the professional network will be the wealth manager himself or herself, a private client lawyer and an insurance specialist.
Once the client is on board, the wealth manager’s management plan will deal with four key areas of the client’s financial life beyond his or her investments:
Wealth enhancement aims to produce the best possible investment returns consistent with the client’s level of risk tolerance and to minimize the tax impact on those returns.
Wealth transfer helps find and facilitate the most tax-efficient way to pass assets to succeeding generations in a way that meets the client’s wishes.
Asset protection aims to protect the client’s wealth against potential creditors, litigants, children’s spouses and potential ex-spouses, as well as protect the client against catastrophic loss.
Charitable gifting helps fulfill the client’s charitable goals and can often support efforts in each of the other three areas. None of these areas stands in isolation from the rest.
MPM is a fee based advisor that charges a fee on the assets under management (AUM). For accounts under $500,000, the annual fee will range from 1.1% to 2.0% depending on the nature and complexity of the individual client's personal circumstances.
MPM: Your wealth management partner
|Investment Advisory Fee:|
|Value of all Managed Accounts with Firm||Per Quarter||Annualized|
$500,000 - $1,000,000
|Next $1,000,001 - $2,000,000||0.225%||0.90%|
|Next $2,000,001 - $5,000,000||0.1875%||0.75%|
|$5,000,000 and over||0.125%||0.50%|