Loading
Tap on the profile icon to edit
your financial details.

Bluepath Capital Management Review

Your Details Done
by Updated
Bluepath Capital Management

Bluepath Capital Management is a fee-only financial advisor firm that has $28 million in assets under management (AUM). It employs just one financial advisor. The firm is based in Atlanta, and it’s solely licensed to conduct business in the state of Georgia. Bluepath primarily serves individual investors without a high net worth.

Bluepath Capital Management Background

Bluepath Capital Management was established in 2016 by David Nicholas, who remains the firm’s principal owner. Nicholas got his start in the financial advisory industry in 2005, when he was just 19 years old. He is currently the only advisor working at Bluepath.

Bluepath Capital Management’s Affiliated Firm: Nicholas Wealth Management

Prior to founding Bluepath Capital Management, David Nicholas opened Nicholas Wealth Management in 2008. This firm provides similar services to Bluepath, including retirement income planning, asset protection, wealth accumulation, retirement account rollovers, estate planning, trust management and probate.

Although Nicholas Wealth Management is technically a separate entity from Bluepath Capital Management, all of its investment advisory services are offered through Bluepath. In other words, Bluepath’s proprietary investment research and expertise is what drives the majority of Nicholas Wealth Management’s offerings.

What Types of Clients Does Bluepath Capital Management Accept?

More than nine out of every 10 clients at Bluepath Capital Management are individuals without a high net worth. However, the firm also works with high-net-worth individuals and charitable organizations.

Bluepath Capital Management Minimum Account Size

Bluepath Capital Management does not institute any requirements regarding clients’ initial investments or minimum account sizes.

Services Offered by Bluepath Capital Management

For a relatively small firm, Bluepath Capital Management offers a number of services, most of which are related to portfolio management and financial planning. Its offerings include:

  • Portfolio management
    • Personal investment policy creation
    • Risk tolerance determination
    • Investment strategies
    • Asset allocation
    • Asset selection
    • Regular portfolio monitoring and rebalances
    • Third party investment management
  • Financial planning
    • Investment planning
    • Retirement planning
    • Tax minimization
    • Life insurance and risk management
    • College funding planning
    • Debt/credit planning
  • Specific investment type advice regarding:
    • Mutual funds
    • Exchange-traded funds (ETFs)
    • Fixed income securities
    • Real estate investment trusts (REITs)
    • Equities
    • Hedge funds
    • Private equity funds
    • Inflation-linked bonds
    • Commodities
    • Non-U.S. securities
    • Venture capital funds
    • Private placements

Bluepath Capital Management Investment Philosophy

Bluepath Capital Management does not implement a singular investment strategy. Instead, it combines parts of six different strategies to meet clients’ unique needs. These six strategies include long-term trading, short-term trading, margin transactions, options transactions, short sales and the selection of other advisors.

Even though the firm is generally focused on the long term, it does engage in short-term strategies. This is usually done to increase a portfolio’s liquidity, which can be beneficial for clients who require cash at a moment’s notice.

Fees Under Bluepath Capital Management

Bluepath Capital Management has two distinct fee schedules: one for its wrap fee program and another for its non-wrap portfolio management service. The wrap fee program rolls all fees for the firm’s services and other additional charges into a single, holistic rate to simplify clients’ costs. Wrap fees are charged every month. The firm determines clients’ exact monthly fees based on the value of their assets under management on the last day of the previous month.

Wrap Fee Programs
Total AUM Annual Fee
Up to $500,000 2.00%
$500,001 - $1,000,000 1.85%
$1,000,001 - $2,000,000 1.50%
Above $2,000,000 1.00%

While the annual rates for Bluepath’s non-wrap portfolio management services are lower, this rate does not include account transaction costs, trading costs and other miscellaneous charges like the wrap fee program does. Like the wrap fee program, all portfolio management fees are charged to clients’ accounts on a monthly basis.

Non-Wrap Portfolio Management Fees
Total AUM Annual Fee
Up to $500,000 1.50%
$500,001 - $1,000,000 1.25%
$1,000,001 - $2,000,000 1.00%
Above $2,000,000 0.95%

Bluepath does charge performance-based fees for some client accounts. These clients are charged an annual fee of 1.00% of assets under management as well as a 20% performance fee based on capital appreciation. This fee only applies to any growth beyond what the firm calls your portfolio’s “high water mark.” This is defined as the highest value of your AUM at any given time. For example, if your account performs so well that it reaches a record high, you’ll be charged a 20% performance-based fee on the difference between your new and old high water mark.

The firm charges hourly fees for its financial planning services. Rates are negotiable and range between $250 to $1,000 per hour.

Check out the table below to see how Bluepath’s fees for its asset management services compare. Note that these fees are only estimates and actual costs may vary.

*Fee estimates only consider the maximum base fees for the services each firm provides. You may also pay manager fees and other fees, which can vary in amount. **All figures are based on median fee levels according to Bob Veres' 2017 Planning Profession Fee Survey. The above estimates solely take into account AUM-only fees. Total costs will likely be higher due to additional expenses.
Estimated Fee Comparison*
Your Assets Bluepath Capital Management Non-Wrap Portfolio Management National Median Advisory Fees**
$500K $7,500 $5,000
$1MM $13,750 $8,500 - $10,000
$5MM $52,500 $25,000 - $32,500
$10MM $99,750 $50,000

What to Watch Out For

Current and prospective clients should note that Bluepath Capital Management’s sole employee and advisor, founder David Nicholas, is also an insurance agent and a registered representative of a broker-dealer. In these capacities, Nicholas is eligible to earn extra compensation and commissions for the sale of specific securities and insurance policies. Although this represents a potential conflict of interest, the firm is a fiduciary, meaning it is legally bound to act in your best interest at all times.

It’s also worth noting Bluepath’s size. With just $28 million in AUM, Bluepath does not necessarily have access to the same resources that larger advisory firms do. On top of this, the firm is limited by the U.S. Securities and Exchange Commission (SEC) to conducting business solely in Georgia. If you’re not a Peach State resident, this likely isn’t the firm for you.

Disclosures

Bluepath Capital Management does not have any disclosures or other legal issues listed in its Form ADV.

Opening an Account With Bluepath Capital Management

Feel free to stop by Bluepath Capital Management’s office in Atlanta, Georgia, if you’re interested in working with the firm. If you can, though, first try to set up an appointment by calling (404) 890-5606 or sending an email to info@nicholaswealth.com.

Where Is Bluepath Capital Management Located?

Bluepath Capital Management’s one location is is in Atlanta, Georgia, at 2859 Paces Ferry Road, Suite 420.

Tips for Selecting a Financial Advisor

  • Many people find it difficult to select a financial advisor they can trust, as there are so many certifications, services and other factors to take into account during your search. But finding the right financial advisor that fits your needs 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 that will help you achieve your financial goals, get started now.
  • Fiduciary is one of the most important terms within the financial advisor sphere. This title indicates that an advisor is bound, by law, to act in your best interest under all circumstances. All firms registered with the U.S. Securities and Exchange Commission (SEC) are bound by fiduciary duty.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about cost of living in retirement there.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research