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Camarda Wealth Advisory Group Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

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

Camarda Wealth Advisory Group has no disclosures listed on its SEC-filed Form ADV.

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.

Tips for Figuring Out Your Retirement Income

  • 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 five minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
  • To get an idea of the kind of savings you'll need to support yourself during retirement, stop by SmartAsset's retirement calculator. It might also be helpful to check out SmartAsset's Social Security calculator to figure out how well Social Security payments will help you close any gaps in your retirement income.

How Long $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 the cost of living in retirement for that location.

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

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We 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. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.