Camarda Wealth Advisory Group is a financial advisor firm with offices in Jacksonville, Florida and two of the city's suburbs, Fleming Island and Ponte Vedra Beach. The firm employs a small team of advisors who manage milions in client assets. Services offered by the firm include investment management and financial planning. The firm primarily works with individuals and retirement plan sponsors.
As a fee-only firm, Camarda only receives advisory fees directly from its clients. (A fee-based firm works differently, as they typically accept both client-paid fees and third-party compensation, like insurance commissions.)
Camarda Wealth Advisory Group Background
Camarda Wealth Advisory Group first opened its doors in 1993. Through outside companies and trusts, this firm is indirectly owned by Dr. Jeff Camarda and Kim Camarda. Both individuals still work at the firm, with Jeff Camarda serving as principal, chairman, CEO and chairman of the portfolio management board and Kim Camarda acting as principal and president.
This firm's advisors hold a number of advisory certifications, including one chartered financial analyst (CFA), two certified financial planners (CFPs) and three chartered financial consultants (ChFCs).
Camarda Wealth Advisory Group Client Types and Minimum Account Size
The majority of Camarda Wealth Advisory Group's client base is made up of individuals who do not have a high net worth. Other clients include high-net-worth individuals and a handful of pension and profit-sharing plan sponsors.
This firm does not have a specifically stated account minimum. However, in some cases, the firm may institute negotiable minimums.
Services Offered by Camarda Wealth Advisory Group
Camarda Wealth Advisory Group offers a robust set of services that spans financial planning, consulting, investment management and retirement plan consulting. Individual portfolio management is usually provided on a discretionary basis and is designed to fit the needs and objectives of each client. The firm also has stand-alone investment planning services, which is meant to help clients with specific aspects of their investment portfolios over a short time frame.
Financial planning services, on the other hand, may entail advice regarding risk management and insurance planning, business planning, estate planning, college planning, tax planning and more. Camarda also offers retirement plan consulting services to sponsors of pension and profit-sharing plans, as well as other self-directed retirement plans.
Camarda Wealth Advisory Group Investment Philosophy
Camarda Wealth Advisory Group tailors its investment advice and philosphy to each client's individual needs and financial goals. When formulating these plans, advisors will focus on factors such as risk tolerance, liquidity needs, time horizon, income needs and more. With this information in mind, along with any client-imposed preferences, advisors make investment recommendations that they believe will promote desired returns, while mitigating risk according to your tolerance level.
The firm also uses model portfolios that typically consist of equities, bonds, notes, mutual funds, ETFs, options and other investment securities. In order to inform their investment decisions, advisors use charting, technical, cyclical and fundamental methods of analysis. Investments are purchased and traded on both a long- and short-term basis.
Fees Under Camarda Wealth Advisory Group
Camarda Wealth Advisory Group uses different fee schedules for different combinations of services. These annual charges are based on a percentage of each client's total assets under management (AUM). Fees are calculated and billed on a quarterly basis, in advance.
|Investment Management Services With Full Service Financial Planning|
|Account Size||Annual Fee|
|$500K - $1MM||2.00%|
|$1MM - $10MM||1.50%|
|$10MM and over||1.00%|
|Investment Management Only Services|
|Account Size||Annual Fee|
|Less than $100,000||$2,000|
|$100,000.01 - $200,000||2.00%|
|$500K - $1MM||1.50%|
|$1MM - $10MM||1.00%|
|$10MM - $15MM||0.75%|
|$15MM and up||0.60%|
Clients who subscribe to stand-alone investment planning services or general financial planning and consulting services are charged a negotiable hourly fee that ranges from $150 to $1,000 per hour. On occasion, a $500 to $50,000 fixed fee may instead be charged.
Learn more about advisors' typical costs here.
What to Watch Out For
Opening an Account With Camarda Wealth Advisory Group
Those interested in opening an account with Camarda Wealth Advisory Group can use an online scheduling tool on the firm's website to set up an initial meeting with an advisor. You can also call the firm at (904) 278-1177 or (888) 226-2732.
All information is accurate as of the writing of this article.
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