As described on its website, the number 360 represents the firm's mission to provide wealth management that encompasses 360 degrees of each client's life. 360 Wealth Management, which is also known as Advisor Resource Council, is a financial advisor firm headquartered in Dallas, Texas. The firm primarily works with individuals, but it also offers its services to retirement plans, corporations and charitable organizations. It has a plethora of financial planning and investment management offerings.
While 360 Wealth Management employees some of its own financial advisors, it also does business with independent advisors, known as investment advisor representatives (IARs). This firm is a fee-based advisory operation, which means that it doesn't earn income solely from client fees - certain members of its staff can also earn commissions for selling insurance products and securities.
360 Wealth Management Background
360 Wealth Management was founded in 2012, and ownership of the firm is split evenly between three employees: principals Chad Atkins and Brandon Day and chief compliance officer (CCO) Sarah Pais. Altogether, these individuals have about 50 years of experience in the investment and advisory industries.
Certifications earned by advisors at the firm include certified financial planner (CFP), chartered life underwriter (CLU) and accredited investment fiduciary (AIF). The IARs in the firm's network hold a range of certifications and designations.
360 Wealth Management Client Types and Minimum Account Sizes
Individuals below the high-net-worth threshold constitute the vast majority of 360 Wealth Management's clients. The remainder of this client base consists of high-net-worth individuals, pension plans, charitable organizations and corporations.
Depending on the program you subscribe to, your minimum investment requirement will vary:
- Asset management programs
- Cheval: $25,000 - $67,000
- Disciplined Momentum: $10,000
- ARC ETF and Mutual Fund Models: $5,000
- SMART: $10,000
- LPL Financial programs
- Manager Access Select Network (MAN): $100,000
- Optimum Market Portfolios (OMP): $10,000
- Personal Wealth Portfolios (PWP): $250,000
- Model Wealth Portfolios (MWP): $25,000
- Guided Wealth Portfolios (GWP): $5,000
Services Offered by 360 Wealth Management
360 Wealth Management offers a fairly wide range of services to its clients. These include:
- Wealth management
- Risk-adjusted investment management
- Financial planning
- Cash management
- Retirement planning
- Risk management
- Estate planning
- Tax planning
- Integrated specialty services
- Charitable giving
- Client education
- Legal services
- Banking/credit services
- Insurance planning
- Corporate retirement plan management
360 Wealth Management Investment Philosophy
360 Wealth Management begins the investment management process by identifying the individual objectives of each client, as well as their time horizon, risk tolerance and income needs. The firm encourages every client to adopt a long-term perspective and consider investing for at least five years. After the client's needs have been established, the firm uses fundamental risk analysis to determine an asset allocation that makes sense for them.
360 Wealth Management also advises its clients that the consistent implementation of both investment strategies and financial plans are just as important as the formulations of those strategies and plans.
360 Wealth Management Fees
Advisory fees for investment management services from 360 Wealth Management vary depending on the size of your account and complexity of your needs. These charges are based on a wrap fee program, meaning all advisory, transaction, custodian and other fees are combined into a single rate. Fees are billed in arrears on a monthly, quarterly, semi-annual or annual basis.
| 360 Wealth Management Fees | |
| AUM | Maximum Annual Fee Rate |
| Up to $499,999 | 2.75% |
| $500K - $999,999 | 2.50% |
| $1,000,000 - $1,999,999 | 2.25% |
| $2,000,000 - $4,999,999 | 2.00% |
| $5,000,000+ | 1.75% |
For financial planning services, the fee may be a fixed amount or based on the client’s gross annual income. Half of the fee will be paid when the client accepts the client services agreement, and the other half will be paid once the firm presents the completed plan.
| *Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount. | |
| Estimated Investment Management Fees at 360 Wealth Management* | |
| Your Assets | 360 Wealth Management Fee Amount |
| $500K | $12,500 |
| $1MM | $22,500 |
| $5MM | $87,500 |
| $10MM | $175,000 |
What to Watch Out For
360 Wealth Management has no disclosures listed on its Form ADV. However, some of the advisors at 360 Wealth Management act as insurance agents and registered representatives of a broker-dealer. Because of these affiliations, these advisors have the ability to sell clients certain insurance products and securities for a commission.
While this presents a potential conflict of interest, the firm and each of its advisors and IARs abide by fiduciary duty. This legally binds them to act in clients' best interests no matter what.
Opening an Account With 360 Wealth Management
There are a few different ways you can get in touch with 360 Wealth Management. You can visit the firm’s website and fill out the contact form with your name, email address and a short message. You can also call the firm at (913) 491-0500.
Tips to Help You Plan for Retirement
- Finding the right financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
- Don’t forget to include Social Security payments in your retirement income calculations. If you’re unsure of how much you’re likely to receive from the government, check out SmartAsset’s Social Security calculator.
All information is accurate as of the writing of this article.
