Executive Wealth Management is one of our top financial advisors in Brighton, Michigan, which sits just outside of Detroit. The vast majority of the firm’s clients are individuals, but it also provides services to high net worth individuals, pension plans, charitable organizations, corporations and estates.
Executive Wealth Management's founder Albert P. Herzog III still serves as one of its directors. The firm has several offices and works with thousands of clients. Executive Wealth Management provides a range of services to its clients including portfolio analysis and financial planning.
Executive Wealth Management Background
Executive Wealth Management was founded by Herzog III in 1981. It became a registered investment advisor in 2006. Since then, the firm has expanded to several different offices in the state of Michigan. Executive Wealth Management also operates in conjunction with Fortunatus Investments, a proprietary money management platform.
Using research and other insights from Fortunatus Investments, the firm develops individualized wealth management strategies for its clients. It is owned by EWM Capital, LLC.
Executive Wealth Management Client Types and Minimum Account Sizes
Executive Wealth Management offers its services to a range of clients, including individuals, high net worth individuals, pension and profit-sharing plans, retirement plan participants, trusts, estates, charitable organizations, corporations and other businesses.
Executive Wealth Management doesn’t have a minimum account size for its Advisor Managed Portfolio service. However, the firm charges a minimum annual fee of $35, so accounts smaller than $7,000 will be charged more than what the standard fee schedule would suggest. To take part in the firm’s wrap fee program, you’ll need an initial investment of at least $2,000.
Services Offered by Executive Wealth Management
- Fortunatus Separately Managed Wrap Fee Program
- Advisor Managed Portfolios
- 401(k) portfolio allocation recommendations
- Portfolio management within retirement plans
- Pension consulting
- Financial planning
Executive Wealth Management Investment Philosophy
Executive Wealth Management describes its investing approach as “disciplined, risk adjusted and timely.” The firm uses a combination of long-term purchase strategies, short-term purchase strategies, short sales, options and margin transactions to create the perfect asset allocation for each client. Each asset allocation will be tailored to the risk tolerance and financial preferences of the specific client.
When it comes to analyzing securities, Executive Wealth Management relies on fundamental analysis and technical analysis to factor in both overall economic conditions and how past market movements could influence future trends. The firm looks to identify securities and investment products that the market is undervaluing, then build diversified portfolios across several asset classes.
Fees Under Executive Wealth Management
For the Advisor Managed Portfolio service, fees are split between assets management fees and administrative fees. Asset management fees adhere to the following schedule:
|Asset Management Fees|
|Assets Under Management||Fee Percentage|
|$0 - $249,999||1.50%|
|$250,000 - $499,999||1.25%|
|$500,000 - $999,999||1.00%|
The Administrative Fee schedule is as follows:
|Assets Under Management||Fee Percentage|
|$0 - $1,999,999||0.50%|
|$2,000,000 - $2,999,999||0.45%|
|$3,000,000 - $4,999,999||0.40%|
|$5,000,000 - $7,499,999||0.35%|
|$7,500,000 and above||0.30%|
Financial planning fees at Executive Wealth Management are typically a fixed fee between $250 and $2,000, depending on the size and the complexity of the circumstances. All fees will be decided upon before entering into any agreement. The below table shows how Executive Wealth Management's asset management fees might look for a potential client.
What to Watch out For
Executive Wealth Management does not have any disclosures on its SEC-filed Form ADV.
Certain advisors who work at Executive Wealth Management can receive commissions from insurance or securities sales. Despite the potential conflict of interest this creates, the firm's fiduciary duty legally requires it to act in clients' best interests.
Opening an Account With Executive Wealth Management
To get in touch with Executive Wealth Management, you have a few different options. You can visit the firm’s website and fill out the contact form with your name, email address and message. You can also look on the website and find which office is closest to you, then either call or visit in person. If you have a question and you don’t want to use the contact form, you can email the firm as well.
All information is accurate as of the writing of this article.
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