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Capital Wealth Planning 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.

Capital Wealth Planning (CWP) is a Naples, Florida-based financial advisor firm. The firm's small team of financial advisors is responsible for the indirect management of billions of dollars in assets under management (AUM). CWP focuses on offering sub-advisory services through separately managed accounts (SMAs) to various wealth management platforms of broker-dealers and other firms. Through these programs, this firm works with a number of individual and institutional clients.

As a fee-only firm, CWP only receives advisory fees directly from its clients. This avoids the kinds of conflicts of interest you'd see at a fee-based firm, which can also receive sales commissions.

Capital Wealth Planning Background

Capital Wealth Planning was established in 2005, but only began offering investment advisory services as a registered investment advisor (RIA) in 2009. The firm's founder and chief investment officer (CIO) is Kevin Simpson, who has decades of wealth management experience. Simpson and JoAnna Irons own the firm today.

The firm employs three chartered financial analyst (CFA). CWP provides a significant portion of its services through sub-advisor arrangements.

Capital Wealth Planning Client Types and Minimum Account Sizes

Through affiliations with outside firms, CWP's services are utilized by a wide range of clients. The majority of these clients are individuals without a high net worth, though high-net-worth individuals, charitable organizations and businesses also take advantage of what CWP has to offer.

This firm requires a different minimum investment requirement for each of its main services. They go as follows:

  • ETF Hedged Covered Call Portfolio: $100,000
  • Enhanced Dividend Income Portfolio: $250,000
  • Tactical Transition Portfolio: $1,000,000

Services Offered by Capital Wealth Planning

The scope of services offered by Capital Wealth Planning is relatively limited, as it does not provide any financial planning services. This is because the firm focuses on investment management through its SMAs and other institutional offerings. These services are available to third-parties via a sub-advisory relationship with CWP. In fact, its SMAs include:

  • Enhanced Dividend Income Portfolio
    • Focuses on high-quality and blue-chip stocks throughout 10 S&P 500 sectors
    • Delivers income through tactically timed short-term covered calls
  • ESG Enhanced Dividend Income Portfolio
    • Includes growth and value stocks from the DOW 30 and S&P 100 that typically provide strong dividends
  • Hedged Exchange-Traded Fund (ETF) Covered Call Portfolio
    • Features 6-11 ETFs across various sectors, such as fixed-income, equity, global and hedging
    • Uses covered call writing portfolio yield enhancement

Capital Wealth Planning Investment Philosophy

All of Capital Wealth Planning's investment management and advisory services can be tailored to meet the individual needs of clients. To do this, the firm obtains information about each client's financial circumstances and condition, income and tax status, personal and business assets, risk profile and investment needs and objectives. The firm also ensures that all of this information is updated on at least an annual basis.

When evaluating potential and current investments for client portfolios, the firm tends to use fundamental, charting and technical methods of analysis. The firm also typically uses a variety of publically available information sources to help with research. When it comes to investment strategies, the firm may utilize long- and short-term purchases, trading, short sales and option writing.

Fees Under Capital Wealth Planning

Fees for investment management services at CWP are charged as a percentage of a client's total AUM. Depending on factors such as the scope of the services requested or how much in AUM a client has, these fees may be negotiable, though they'll never exceed 1.75% annually. Fees are calculated and billed on a quarterly basis, in arrears.

What to Watch Out For

Capital Wealth Planning has no disclosures on its SEC-filed Form ADV, giving it a clean legal and regulatory record.

Opening an Account With Capital Wealth Planning

Opening an account with CWP involves going to the firm's website, scrolling to the bottom of the page and submitting a contact form. If you prefer to work over the phone, feel free to call the firm at (239) 593-2100.

All information is accurate as of the writing of this article.

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How Long $1mm 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.

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

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. 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. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. 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.

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