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Money Concepts Capital Corp 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.

Money Concepts Capital Corp is a broker-dealer and financial advisory firm that's headquartered in Palm Beach Gardens, Florida. The firm currently has billions in assets under management (AUM) thousands of clients. As a result, the firm also has an large team of on-staff financial advisors.

Clients of Money Concepts Capital Corp are mainly individuals, though the firm also has an institutional client base. Its advisory services include a selection of financial planning services and investment portfolio management services.

Money Concepts Capital Corp Background

Money Concepts Capital Corp first opened its doors for business in 1991. When providing investment advisory services, the firm also operates under the name Money Concepts Advisory Service, which is a division of Money Concepts Capital Corp. The firm is registered in all 50 states and Washington, D.C., and it is under the direct ownership of Money Concepts International, Inc. and indirect ownership of World Investment Network, Inc.

The executive team at this firm is led by president and CEO Denis Walsh. Walsh and his colleagues hold a number of advisory certifications, including certified financial planner (CFP), certified estate planner (CEP), certified fund specialist (CFS) and more.

Money Concepts Capital Corp Minimum Account Sizes and Client Types

The client base at Money Concepts Capital Corp is dominated by individuals below the high-net-worth threshold. The firm does have a few high-net-worth individual clients too, though, and it also works with pension and profit-sharing plans, banks and corporations.

Depending on the program and strategy you subscribe to, this firm's minimum account size requirements vary from $10,000 all the way up to $1 million. These minimums are subject to negotiation at the discretion of the firm.

Services Offered by Money Concepts Capital Corp

Money Concepts Capital Corp is a broker-dealer, but it also provides clients with investment portfolio management and financial planning services. Financial planning services may cover a wide variety of topics, like:

  • Discussion and review of financial goals
  • Implementation of financial strategies
  • Cash flow and budget review
  • Retirement planning
  • Education planning
  • Investment review
  • Risk analysis
  • Trust, wealth transfer and estate planning
  • Tax planning

Investment management services are provided through a multitude of programs, strategies and model portfolios. The firm's four main programs feature different strategies and models, but they are:

  • Guided Portfolio Solutions Program
  • Managed Allocation Program
  • MAP Advisor Assisted Program
  • Guided Portfolio Solutions Program - Retirement Plan Network
  • World Class Pension Program

Through the "Guided Portfolio Solutions Program - Retirement Plan Network" service, the firm offers retirement plan consulting for both plan administrators and participants.

Money Concepts Capital Corp Investment Philosophy

Money Concepts Capital Corp looks to work with each client to determine their individual investment and financial goals. In addition to this, the firm will look at their time horizon, tolerance for risk and any investment restrictions they might have. Based on these findings, a specific strategy will be chosen for them.

Since there are so many platforms and strategies available at the firm, there isn't a single, overarching philosophy at play, nor are there specific types of investments used across every platform. That said, advisors tend to use both fundamental and technical methods of analysis to help inform their investment decisions. They also place an emphasis on using strategic asset allocation and modern portfolio thoery (MPT) principles to help drive growth in clients' portfolios.

Fees Under Money Concepts Capital Corp

When it comes to investment management, there are many different fee schedules that the firm abides by. Fees can vary significantly depending on the platform or strategy that's used. The Guided Portfolio Solutions Program typically charges an annual rate of up to 2%, whereas the Managed Allocation Program has a more in-depth fee schedule.

Managed Allocation Program Fee Schedule
Portfolio Value Quarterly Fee
$10K - $50K 0.45%
$50K - $100K 0.40%
$100K - $500K 0.3750%
$500K - $1MM 0.3125%
$1MM and up 0.25%

 The firm's MAP Advisor Assisted Program has its own fee schedule too.

MAP Advisor Assisted Program Fee Schedule
Portfolio Value Quarterly Fee
$10K - $1MM 0.325%
$1MM - $3MM 0.25%
$3MM - $5MM 0.225%
$5MM - $10MM 0.1875%
$10MM and up 0.15%

In general, fees are calculated and charged on a quarterly basis, in advance. The firm does not charge performance-based fees, and fee rates may be negotiated on a client-to-client basis.

The financial planning services at this firm are typically contracted for a year at a time. The minimum fee for these services is $250 per quarter. However, specific fees are determined for each client individually.

Learn more about advisors' typical costs here.

What To Watch Out For

Money Concepts Capital Corp has several regulatory and civil judicial disclosures listed on its Form ADV. These disclosures relate to a wide variety of infractions, such as regulatory and legal violations, failure to report and failure to comply with certain standards. For more information, see the firm's Form ADV.

Money Concepts Capital Corp is a registered broker-dealer, and many of its advisors are also registered insurance agents. This makes the firm fee-based, as these advisors can receive commissions in addition to standard advisory fees. Despite the potential conflict of interest that arises from this, the firm is a fiduciary, which legally obligates it to act in the best interests of clients at all times.

Opening an Account with Money Concepts Capital Corp

If you're interested in opening an account with Money Concepts Capital Corp, you can either call (561) 472-2000 or visit its website and fill out a contact form.

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

Finding the Right Financial Advisor

  • Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • One of the most important considerations your search for a financial advisor should include is their fee arrangements. Check out SmartAsset's guide to financial advisor costs to learn more.

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