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Fiduciary Wealth Management 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.

Fiduciary Wealth Management, LLC (FWM) is a fee-based financial advisor firm that oversees a few hundred million dollars in client assets under management (AUM). FWM employs a small group of financial advisors at its lone office location in Reston, Virginia. Financial planning and discretionary investment management are the core advisory services at the firm.

As a fee-based firm, certain advisors can receive third-party compensation in addition to client-paid fees. A fee-only firm, on the other hand, focuses its entire compensation model on client fees.

Fiduciary Wealth Management Background

Fiduciary Wealth Management is under the principal ownership of firm president Christopher J. Broderick and 401(k) plan advisor Patrick D. Roth. The duo founded FWM in 2011. There’s an average of over 20 years of financial services experience among the firm’s team of advisors.

Fiduciary Wealth Management Client Types and Minimum Account Sizes

Fiduciary Wealth Management has a client base that mostly consists of individuals both and with and without a high net worth and charitable organizations. The firm also works with multiple types of qualified retirement plans, such as 401(k) plans, pension plans, profit-sharing plans and more.

There are no minimum account size requirements for new clients of Fiduciary Wealth Management.

Services Offered by Fiduciary Wealth Management

Fiduciary Wealth Management provides a wide range of advisory services that suit its typical clientele. Check out the full list below:

  • Financial planning
    • Investment planning
    • Retirement planning
    • Life insurance review and analysis
    • Tax planning and minimization
    • College fund planning
    • Debt/Credit review and planning
  • Discretionary investment supervisory services
    • Personalized planning based on:
      • Individual goals
      • Risk tolerance
      • Time horizon
    • Investment policy statement (IPS) development
    • Current investment evaluation
  • Pension consulting
    • Plan design assistance for plan fiduciaries
    • Implementation of plans
    • Investment selection
    • Ongoing investment monitoring
    • Continuing plan participant education
  • Specific investment advice for:
    • Equities
    • Mutual funds
    • Bonds and other fixed-income investments
    • Debt securities
    • Exchange-traded funds (ETFs)
    • Real estate investment trusts (REITs)
    • Government securities

Fiduciary Wealth Management Investment Philosophy

In order to serve each one of its clients in an optimal way, Fiduciary Wealth Management does a full evaluation of clients before working on their portfolios. This involves speaking with each client directly to outline his or her current financial situation, risk tolerance, time horizon and any specific financial objectives they may want to reach. Once your funds have been invested into the market, the firm’s staff will monitor and rebalance your portfolio if needed.

Although FWM remains heavily focused on long-term investing, it does occasionally institute short-term strategies. For example, this could be done to help meet a client’s liquidity needs or to hop on a trendy stock choice before it’s too late. Short-term trading, of course, can come with amplified risk, though.

Fees Under Fiduciary Wealth Management

The investment supervisory services at FWM roughly follow the fee schedule below, but the final negotiable fee rates you’re given will be listed on the final copy of your contract. These annual charges are split up into either monthly or quarterly percentages. You can have these payments pulled directly from your portfolio’s balance or receive an invoice that you can in turn pay.

Fees for Investment Supervisory Services
Total Assets Under Management Annual Fee
First $250,000 2.00%
Next $250,000 1.50%
Next $500,000 1.00%
Above $1,000,000 0.90%

If you’re a financial planning client, your fees will instead be hourly charges. Fiduciary Wealth Management’s financial planning rates often fall between $175 to $300 an hour. You will be charged these fees in advance.

Check out the table below to see how FWM’s fees for its management services compare to those at similar financial advisor firms. Note that these fees are only estimates and actual costs may vary.

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at Fiduciary Wealth Management*
Your Assets Fiduciary Wealth Management Annual Fees
$500K $8,750
$1MM $13,750
$5MM $49,750
$10MM $94,750

What to Watch Out For

As a firm, Fiduciary Wealth Management has a clean legal and regulatory record on its Form ADV.

Certain advisors at Fiduciary Wealth Management have the opportunity to earn extra commissions from the sale of insurance products to clients. This policy could represent a conflict of interest, as advisors may be incentivized to make insurance recommendations regardless of whether they will benefit clients or not. FWM and its staff all abide by fiduciary duty, though, meaning they are legally bound to act in clients’ best interests at all times.

Opening an Account With Fiduciary Wealth Management

If you want to begin working with Fiduciary Wealth Management, simply call the firm at (703) 242-1231. Other modes of communication with FWM include sending a message through its web-based portal or emailing firm president Christopher J. Broderick at cbroderick@fidwealthman.com.

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

Tips for Investment Planning

  • Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • Looking for a DIY investment approach? Opening an online brokerage account is often one of the most independent ways that you can begin building an investment portfolio based on your own choices. These brokerages offer access to a plethora of investment types, such as mutual funds, stocks, bonds, ETFs and more, so there should be no shortage of available options for you.

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.