Lopez Wealth Management Group, LLC is a fee-based financial advisor firm headquartered in Abingdon, Virginia, with an additional office in Roanoke, Virginia. The firm is known by a few different names, most notably Concord Wealth Partners. Seven financial advisors work at Lopez Wealth Management Group, which has more than $279.60 million in assets under management (AUM).
Lopez Wealth Management Group (Concord Wealth Partners) Background
Lopez Wealth Management Group was established in 1997 by president and CEO J. Wade Lopez. He is the firm’s lone certified financial planner (CFP) and has more than 30 years’ experience in investment management.
This firm is registered with the SEC as Concord Wealth Partners. Furthermore, the firm’s Form ADV states that Lopez Wealth Management Group, LLC is an affiliate and alternate name of Concord Wealth Partners. However, Concord Wealth Partners is technically also under the ownership of Lopez Wealth Management Group, which is principally controlled by J. Wade Lopez.
What Types of Clients Does Lopez Wealth Management Group (Concord Wealth Partners) Accept?
For the most part, Lopez Wealth Management Group works with individuals and high-net-worth individuals. The firm also manages assets for trusts, estates, corporations and charitable organizations.
Lopez Wealth Management Group (Concord Wealth Partners) Minimum Account Size
Lopez Wealth Management Group does not have a minimum initial investment requirement. If your account balance falls below a fixed amount, however, the firm reserves the right to close your account. The firm has not released a specific limit for this, though.
Services Offered by Lopez Wealth Management Group (Concord Wealth Partners)
Lopez Wealth Management Group has an abundance of offerings for families, such as a family office and family business consulting. Beyond this, the firm provides standard financial planning and investment advisory services. Its full list of available services includes:
- Financial planning
- Estate planning
- Risk management
- Insurance analysis
- Income planning
- Tax planning and management
- Retirement planning
- Investment planning
- Investment advisory services
- Meeting with your advisor
- Risk tolerance
- Investment objectives
- Time horizon
- Annual portfolio reviews
- Regular investment monitoring
- “eMoney Advisor” online investing service
- Dunham & Associates partnership
- Morningstar® Managed Portfolios program
- Meeting with your advisor
- Family office services
- Cash flow analysis
- Financial education for families
- Foundation management
- Bookkeeping and bill pay
- Capital asset management
- Family business consulting
- Succession planning
- 401(k) review and management
- Deferred compensation planning
Lopez Wealth Management Group (Concord Wealth Partners) Investment Philosophy
When you first join Lopez Wealth Management Group, you and your new advisor will discuss which factors are most important to you. Principal among these are investment objectives, risk tolerance, time horizon and liquidity needs. Once these characteristics become clear, the firm will create a personalized investment strategy for you.
Lopez Wealth utilizes both active and passive investing strategies. The firm does this to satisfy the needs of its wide range of clients, as some will inevitably favor riskier strategies while others are more risk-averse. When it comes down to investments, the firm typically uses stocks, bonds, mutual funds, fixed-income securities, exchange-traded funds (ETFs), real estate investment trusts (REITs) and master limited partnerships (MLPs).
Fees Under Lopez Wealth Management Group (Concord Wealth Partners)
Lopez Wealth Management Group charges clients for its investment advisory services according to an asset-based, annualized fee schedule. The specifics of your portfolio determine your rate, though it will fall somewhere between 0.40% and 1.50% of your AUM. The firm charges clients in advance, on a quarterly basis. Clients can choose to either receive a bill or have their fees deducted directly from their account balance.
The firm charges either an hourly fee or a fixed, one-time fee for financial planning services. Hourly rates range from $150 to $300, and fixed fees run from $500 to $5,000. Your personal fee schedule is decided ahead of time and listed in your mutual advisory agreement. Lopez Wealth accepts checks and credit card payments for these fees.
|Lopez Wealth Management Group (Concord Wealth Partners) Fees|
|Investment advisory||0.40% - 1.50% annual fee|
|Financial planning|| |
What to Watch Out For
Some employees at Lopez Wealth Management Group can sell certain insurance products and securities and earn commissions for doing so. In fact, the firm itself is affiliated with two companies that offer these products: Lopez Wealth Insurance Services, LLC, a licensed insurance agency, and Concord Wealth Brokerage, Inc., a securities broker-dealer. While the entirety of this situation could create potential conflicts of interest, the firm is a fiduciary, legally binding it to act in your best interest.
Lopez Wealth Management Group has no disclosures, meaning it has a clean legal and regulatory record.
Opening an Account With Lopez Wealth Management Group (Concord Wealth Partners)
Anyone who would like to become a client of Lopez Wealth Management Group can call either the firm’s Abingdon office at (276) 628-5910 or its Roanoke office at (540) 469-5121. If you prefer online communications, the firm’s email address is firstname.lastname@example.org. As a third option, clients can fill out Lopez Wealth’s online contact form to have an advisor reach out to them.
Where Is Lopez Wealth Management Group (Concord Wealth Partners) Located?
Lopez Wealth Management Group operates two offices, both of which are right off of Interstate 81 in Virginia. The firm’s office in Abingdon is located at 955 West Main Street, and its Roanoke office is at 5604 Starkey Road. Both branches are open Monday through Friday, 8 a.m. to 5 p.m.
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