Along with its advisory offerings, Arista Wealth Management also regularly contributes to the following organizations and charitable foundations: Vegas Golden Knights Foundation, College of Southern Nevada, Blind Center of Nevada, The Shade Tree, Boy Scouts of America, Three Square, Nathan Adelson Hospice and Opportunity Village.
Arista Wealth Management is a fee-based financial advisor firm headquartered in Las Vegas, Nevada. It has secondary locations in Mesa, Arizona, and Pleasant Grove, Utah. The firm has more than $334 million in assets under management (AUM), and it employs five financial advisors across its three branches. The firm mostly provides financial planning, retirement planning and investment management services.
Arista Wealth Management also holds a spot on our Las Vegas top financial advisor ranking.
Arista Wealth Management Background
Arista Wealth Management has been in business in Nevada since 2006. It was founded by firm president Paul Moffat, who has spent more than 20 years in the financial services industry. The rest of the staff averages 17 years of experiences. The firm’s team includes two certified financial planners (CFP) and two accredited investment fiduciaries (AIF).
Some of the most prominent financial publications in the country have recognized Arista for its work. Most notably, Financial Times named the firm one of top 300 advisory firms in the U.S in 2016.
Arista Wealth Management Client Types and Minimum Account Sizes
The most common client type at Arista Wealth Management is individuals without a high net worth, though the firm also serves over 200 businesses. Other client types the firm works with include non-profits, charitable organizations, unions, pension plans, profit-sharing plans and high-net-worth individuals.
To open a financial planning, consulting, retirement plan consulting or investment advisory relationship with Arista Wealth Management, you will need at least $250,000 in investable assets. However, if you’re one of the firm’s legacy clients, you are only subject to the minimum requirements that were in place when you opened your account.
Services Offered by Arista Wealth Management
Arista Wealth Management offers a wide range of services to holistically address clients’ financial management needs. These include the following:
- Personal and business financial planning
- Investment planning
- Retirement planning
- Estate planning
- Education cost planning
- Charitable gift planning
- Personal and corporate tax planning
- Insurance analysis
- Real estate analysis
- Mortgage/debt analysis
- Cost segregation study
- Line of credit evaluation
- Retirement plan consulting
- Investment policy statement creation
- Asset allocation and portfolio construction
- Investment option evaluation
- Investment monitoring
- Plan participant educational workshops
- Investment advisory
- Offered as a standalone service or part of a financial planning package
- Face-to-face client interactions
- Regular rebalances
- Wealthy individual and family concierge consulting
- Asset allocation
- Investment consulting
- Estate planning
- Retirement planning
- Education planning
- Banking relationship support
- Life management and budgeting
- Legal and tax advisory coordination
- Financial training and education
- Business planning
Arista Wealth Management Investment Philosophy
Arista Wealth Management exclusively uses long-term purchases and passive investing strategies. The firm does not use short-term purchases, as many firms may to help satisfy clients’ liquidity needs, because it believes these present too many issues.
Arista typically uses low-cost mutual funds, stocks, exchange-traded funds (ETFs) and other public securities and investments in client portfolios. These investment selections align with the firm’s long-term, passive investment approach.
Arista Wealth Management Fees
The fee schedule at Arista Wealth Management depends on the type of service you choose. Financial planning clients are subject to either an hourly or fixed fee. The firm determines which fee type to charge based on the nature of your needs. While Arista does not provide a definite rate, it lists $499 as the maximum hourly fee and $4,999 as the maximum fixed fee. If you’re charged on a fixed fee basis, you will be required to put down 50% of your fee at the time you join the firm. The rest will be due within 30 days of the completion of your financial plan.
For investment advisory services, the firm charges fees based on a percentage of assets under management. Annual fee rates range up to 1.50%. The firm charges clients on a quarterly basis, and fees are generally pulled automatically from clients’ cash balances or money market funds. If these do not produce enough money to cover owed fees, the firm may liquidate part of a client’s investments to cover the balance.
In addition to the above fees, clients are required to pay transaction fees for any trades that are made within their accounts. The firm does not charge performance-based fees.
|*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount. Fee amounts are based on maximum annual percentage of 1.50% for investment advisory services.|
|Estimated Investment Management Fees at Arista Wealth Management*|
|Your Assets||Arista Wealth Management Fee Amount|
|$500K||Up to $7,500|
|$1MM||Up to $15,000|
|$5MM||Up to $75,000|
|$10MM||Up to $150,000|
What to Watch Out For
According to its Form ADV, Arista Wealth Management has no disclosures or other legal issues in its past. However, potential and current clients should be aware that some of the advisors at Arista Wealth Management sell insurance policies. They may earn additional compensation from the insurance company for sales. This may create a potential conflict of interest, as this situation could incentivize the advisor to recommend a product due to the possibility of earning additional compensation.
However, this firm is a registered with the U.S. Securities and Exchange Commission (SEC). That means that the firm and its advisors are bound by fiduciary duty, which requires them to act in your best interest at all times.
Opening an Account With Arista Wealth Management
Arista Wealth Management provides two simple ways to reach out. You can call (877) 309-9970 and set up an in-person appointment at the firm. If that doesn’t work for you, you can fill out the online form the firm provides on the “Contact” page of its website. The form asks for your name, phone number, email address and a description of the type of services you’re interested in.
Your preliminary meeting with an advisor will consist of a discussion regarding your current financial situation and how you can reach your ultimate goals. Based on this discussion, your prospective advisor will build a custom wealth report that you can look over prior to deciding whether to work with the firm.
Tips to Get Your Retirement Savings on Track
- Financial advisors deal with individuals’ retirement savings plans and the investment market on a daily basis, giving them ample experience in this complicated field. Finding the right financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors, get started now.
- One of the most cost-effective ways to begin saving for retirement is to open a 401(k) account with the company you work for. You should talk to your HR representative to find out the specifics of your company’s program, but many companies provide a 401(k) company match. While independent retirement accounts and other products should definitely be a part of your plan as well, this is a great starting point.
All information is accurate as of the writing of this article.