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Orgel 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.

Orgel Wealth Management is an independent financial advisory firm that is based in Altoona, Wisconsin but works with clients from most states. 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.

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.

Orgel Wealth Management Client Types and Account Minimums

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

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 but only at their sole discretion.

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 by 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 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 upfront.

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**
$500K $2,500 $5,000
$1MM $5,000 $8,500 - $10,000
$5MM $25,000 $25,000 - $32,500
$10MM $45,000 $50,000
*Fee estimates only consider the maximum base fees for the services each firm provides. You may also pay management 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, If you are already a client and you need help with a specific issue, the website has a list of contacts for different issues.

Tips for Finding a 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.
  • 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.
  • 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 of what you want help with can make it easier for an advisor to tailor advice and services to your needs.

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