Lake Point Wealth Management (LPWM) is a fee-based firm located in Rockwall, Texas. LPWM serves both individual and institutional clients. When it comes to compensation arrangements, LPWM charges asset-based fees and fixed fees. The team includes the certified financial planner (CFP), accredited estate planner (AEP), certified trust and financial advisor (CTFA).
Lake Point Wealth Management Background
LPWM has been in business as a registered investment advisor (RIA) since 2014.
LPWM was acquired by Mercer Global Advisors Inc. in October 2021 and is now wholly owned by Mercer. Dave Welling serves as chief executive officer of Mercer.
Lake Point Wealth Management Client Types and Minimum Account Sizes
LPWM serves individuals, high-net-worth individuals, trusts, estates, charitable organizations, corporations or other business entities. The firm doesn’t specify a minimum account size requirement. LPWM’s brochure states that investment advisor representatives (IARs) determine account minimums and they are determined on a case-by-case basis.
Services Offered by Lake Point Wealth Management
LPWM offers the following advisory services:
- Portfolio management
- Educational seminars/workshops
Lake Point Wealth Management Investment Philosophy
LPWM says it believes in a long-term strategy with a balanced and diversified portfolio of securities. The firm regularly uses quantitative and qualitative analysis. When it comes to quantitative factors, the firm looks at performance data, risk statistics, volatility, sector concentration, position concentration and liquidity.
LPWM mainly invests in mutual funds, exchange-traded funds (ETFs), exchange-listed securities and fixed-index annuities.
Lake Point Wealth Management Fees
For financial planning services, LPWM charges a fixed fee of $500. The firm offers the following fee schedule for investment advisory services:
|LPWM Investment Management Fee Schedule
|Amount of assets
Here's a breakdown of about what you can expect to pay for advisory services at Lake Point:
|*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 Lake Point Wealth Management*
|Lake Point Wealth Management Fee Amount
What to Watch Out For
Lake Point Wealth Management's SEC record is clear of any disclosures.
IARs may earn commissions on the sale of insurance products, creating a possible conflict of interest between the client and the LPWM advisor. Despite these arrangements, the firm's fiduciary duty requires it to act in clients' best interests.
Opening an Account With Lake Point Wealth Management
You can set up an account with LPWM by visiting the firm’s office, or you can call an advisor over the phone.
All information is accurate as of the writing of this article.
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