Orgel Wealth Management is a small, independent financial advisor firm that is based in Altoona, Wisconsin, but works with clients from most states. It has just 16 financial advisors on staff but manages more than $4.2 billion in assets under management (AUM). The firm works with a variety of clients, including individuals and high-net-worth individuals. It provides a number of financial planning and investment management services. Read on to learn more about the services, fees and investment strategies of Orgel Wealth Management.
Orgel Wealth Management Background
Mark Orgel, the founder of Orgel Wealth Management, began his career in the mid 1980s. Orgel continued to work in investment management and established Orgel Wealth Management in October 2013. Orgel serves as an owner and the chairman of the firm.
What Types of Clients Does Orgel Wealth Management Accept?
Orgel Wealth Management works with individuals both with and without a high net worth. The majority of the firm’s clients are individuals, as it works with about twice as many individuals as high-net-worth individuals. The firm also provides services to families, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and other business entities
Orgel Wealth Management Minimum Account Sizes
The minimum account size for new clients is generally $1 million. It is possible that the firm will accept clients with smaller portfolios in certain circumstances.
Services Offered by Orgel Wealth Management
Advisors from Orgel Wealth Management offer multiple financial planning and wealth management services to clients:
- Investment planning and management
- Budget planning
- Retirement planning
- Education expense planning
- Business consulting and transition services
- Portfolio management for businesses
- Pension consulting services
Orgel Wealth Management Investment Philosophy
When starting with a new client, advisors work to understand the client’s goals, risk tolerance and time horizon. Then the advisor will determine an overall asset allocation that can help the client to achieve his or her goals. Orgel Wealth Management takes a disciplined approach to maintaining a client’s asset allocation. The firm believes that a strategic asset allocation is necessary for maximizing long-term portfolio growth and mitigating risk.
Portfolios may consist of a variety of both asset classes and security types. The firm typically uses some combination of mutual funds, exchange-traded funds (ETFs) and individual stocks and bonds. Sometimes portfolios will also have privately placed investments such as private debt, private equity, hedge funds and real estate investment trusts.
In order to decide on which securities to invest in, advisors use fundamental and technical analysis. Fundamental analysis attempts to measure the intrinsic value of a security through analyzing its financials and how it fits into the overall economy. Technical analysis looks at market trends and attempts to forecast how a security’s price will change over time.
Fees Under Orgel Wealth Management
The fees you’ll pay will depend on the assets you have invested with Orgel Wealth Management and the the exact services you receive. If you are only consulting with an advisor, you will likely pay a set fee. The fee will depend on the complexity of your situation and you will agree on a fee amount before receiving any services. You will pay the fee up front.
If you are using an advisor for portfolio management, you will pay a fee based on a percentage of your AUM. The fee starts at 0.50% of AUM for portfolios worth $5 million or less. The fee then decreases as your portfolio’s value increases. You can find the standard fee schedule for those accounts in the table below. Note that this schedule may change over time and you should ask an advisor for the latest fees before opening an account.
|Orgel Wealth Management Fee Schedule|
|Assets Managed||Annual Rate|
|First $5 million||0.50%|
|Next $5 million (amount over $5 million to $10 million)||0.40%|
|Next $15 million (amount over $10 million to $25 million)||0.30%|
|Next $25 million (amount over $25 million to $50 million)||0.25%|
|Over $50 million||0.10%|
You will pay your fee monthly and in advance (i.e. you pay for the upcoming month). Orgel Wealth Management will deduct the fee directly from your assets. Notably, your monthly fee includes the advisor’s fee as well as the custodial and transaction costs you incur from trading securities. The firm pays a third party, Pershing, an asset-based fee so that clients can trade without incurring these additional fees. At the same time, you may still have to pay expense ratios and management fees for funds or other securities in your portfolio.
The following table compares management fees at Orgel Wealth Management with the national median. These fees are estimates and your exact fees may vary depending on various factors.
|Estimated Fee Comparison*|
|Your Assets||Orgel Wealth Management||National Median Advisory Fees**|
|$1MM||$5,000||$8,500 - $10,000|
|$5MM||$25,000||$25,000 - $32,500|
|*Fee estimates only consider the maximum base fees for the services each firm provides. You may also pay manager fees and other fees, which can vary in amount. **All figures are based on median fee levels according to Bob Veres' 2017 Planning Profession Fee Survey. The above estimates solely take into account AUM-only fees. Total costs will likely be higher due to additional expenses.|
What to Watch Out For
Depending on what services you’re looking for, Orgel Wealth Management may or may not be able to help you. While it does help with multiple types of financial planning, it doesn’t prepare estate planning documents or tax returns. If you are looking to purchase any insurance products, you will also need to look elsewhere. However, the firm can recommend where to get these services.
Orgel Wealth Management has not been subject to any legal or disciplinary events in the past decade.
Opening an Account With Orgel Wealth Management
In order to open an account with Orgel Wealth Management, you will need to contact the office and visit an advisor in person. The firm’s office is open Monday through Friday from 8 a.m. to 5 p.m. It is closed on the same holidays as the New York Stock Exchange. You can find a full list of those dates on the firm’s website.
The firm’s website also provides the office’s phone number, (715) 835-6525, and a contact email, email@example.com. If you are already a client and you need help with a specific issue, the website has a list of contacts for different issues.
Where Orgel Wealth Management Is Located?
Orgel Wealth Management’s office is in Altoona, Wisconsin. If you need help reaching the office, the firm’s website provides printable directions to the office from major cities to the North, South, East and West.
Tips for Finding a Financial Advisor
- Orgel Wealth Management works with clients in a hands-on, face-to-face way. This is perfect for some people but if you don’t have a lot to invest or if you just want to build wealth without having to get into the nitty gritty of portfolio management, consider a robo-advisor. They tend to have lower account minimums and lower fees.
- No matter your financial situation or investing goals, SmartAsset’s financial advisor matching tool can pair you with up to three advisors in your area. Simply answer some questions about your goals and preferences. You can match with both human and robo-advisors who suit your unique needs.
- When you’re looking for a financial advisor, consider what services are most important to you. For example, estate planning may not be a big priority if you’re just starting your career and don’t have much in terms of assets. But even if that is your situation, you’re probably thinking about building some retirement savings. Having an idea what you want help with can make it easier for an advisor to tailor advice and services to your needs.