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 nearly $528 million in assets under management (AUM), and it employs seven financial advisors across its three branches. The firm mostly provides financial planning, retirement planning and investment management services.
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.
What Types of Clients Does Arista Wealth Management Accept?
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.
Arista Wealth Management Minimum Account Size
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.
Fees Under Arista Wealth Management
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 $350 as the maximum hourly fee and $10,000 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.
What to Watch Out For
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.
According to its Form ADV, Arista Wealth Management has no disclosures or other legal issues in its past.
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.
Where Is Arista Wealth Management Located?
Arista Wealth Management is headquartered in Las Vegas, Nevada. Its office there is located at 8876 Spanish Ridge Avenue, Suite 202. Should you live in either Arizona or Utah, the firm also has branches in Mesa, Arizona, and Pleasant Grove, Utah.
Tips to Get Your Retirement Savings on Track
- 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.
- Financial advisors deal with individuals’ retirement savings plans and the investment market on a daily basis, giving them ample experience in this complicated field. SmartAsset’s financial advisor matching tool can pair you with as many as three financial advisors in your area who can help you get retirement ready. Simply take a few minutes to answer a short questionnaire about your financial situation, and you’ll get your financial advisor matches.