Loading
Tap on the profile icon to edit
your financial details.

SurePath Wealth Management Review

Your Details Done
by Updated
SurePath Wealth Management

SurePath Wealth Management is a fee-only financial advisor firm based in Round Rock, Texas. The firm has around $16.5 million in assets under management (AUM) that’s divvied up among its eight-person team of advisors. SurePath primarily uses passive investing principles, and its services include financial planning and investment management.

SurePath Wealth Management Background

SurePath Wealth Management is a relatively young firm, as it was established in March of 2016. Michael Patrick Brewer, one of SurePath’s senior wealth advisors, founded the firm. Brewer has been involved in the financial services industry for about 10 years.

With a team of just eight advisors, SurePath doesn’t have a ton of advisory certifications. When combined, the firm employs two certified public accountants (CPA), one certified financial planner (CFP), one chartered financial analyst (CFA) and one accredited asset management specialist (AAMS).

What Types of Clients Does SurePath Wealth Management Accept?

Nearly every client of SurePath Wealth Management falls under the category of individuals without a high net worth. However, the firm also has advisory services for with high-net-worth individuals, businesses, business development companies, charitable organizations, pension plans and profit-sharing plans.

SurePath Wealth Management Minimum Account Size

There is no minimum account balance requirement at SurePath Wealth Management.

Services Offered by SurePath Wealth Management

SurePath Wealth Management offers a robust selection of investment management and financial planning services. Here we list the specifics:

  • Investment management
    • Individualized portfolios
    • Personal investment policy development, including:
      • Risk tolerance
      • Time horizon
      • Investment goals
      • Liquidity needs
    • Asset allocation planning
    • Tax considerations
    • Outside manager available in robo-advisor Betterment
  • Comprehensive and singular financial planning
    • Net worth review
    • Cash flow analysis
    • Debt management
    • Insurance review
    • Employee benefit planning and optimization
    • Retirement planning
    • Investment planning and analysis
    • College fund planning
    • Estate planning
    • Credit analysis
    • Business planning
    • Financial goal analysis
    • Tax planning and mitigation
  • Institutional services
    • Customized 401(k) retirement strategies
      • Education and training for plan participants
      • Investment and administrative vendor analysis
      • Formal investment policy statement (IPS)
      • Investment monitoring and review

SurePath Wealth Management Investment Philosophy

SurePath Wealth Management’s primary investment strategy of choice is passive investment management. This principle is largely focused on achieving investment success over the long-term. It aims to minimize the frequency of trades that are made to ensure that maintenance costs stay as low as possible. On the other hand, active management (a strategy SurePath does not use) looks to make consistent trades of equities in an effort to beat the market.

Diversification is an integral part of any passively managed investment portfolio. This all-important concept states that in order to remain in line with a certain risk tolerance, a collection of investments must be spread throughout the market so returns are not overly attached to a specific security or group of securities. In order to satisfy this, SurePath deals almost exclusively with mutual funds and exchange-traded funds (ETFs), which are inherently diversified.

Fees Under SurePath Wealth Management

The fee schedules listed below are in relation to SurePath Wealth Management’s investment management services. Although the values shown are annual rates, they will be divided into four quarterly charges that must be paid in advance. You can choose to either have them directly debited to your account’s balance, or you can pay by check.

Investment Management Fees
Portfolio Value Annual Fee
Up to $10MM 0.95%
Over $10MM negotiable

Should SurePath recommend that you open an account with Betterment, you’ll receive slightly lowered fees for its robo-advisor services.  The rates listed below are paid to SurePath, but Betterment will tack on an additional 0.25% annual charge. In opposition to the traditional investment management fees above, these fees are paid quarterly in arrears.

Investment Management Fees Through Betterment
Portfolio Value Annual Fee
Up to $10MM 0.60%
Over $10MM negotiable

If you subscribe to the comprehensive financial planning fees at SurePath, you will incur an initial one-time fee of $500 to $20,000, depending on the specifics of your account. This charge is followed by an ongoing monthly fee that ranges from $79 to $1,000. For those that would rather handpick their financial planning services, you’ll pay either a monthly or hourly fee that will end up being anywhere from $79 to $1,000 or $250 to $500, respectively.

Check out the table below to see how SurePath’s fees for its asset management services compare to those at similar financial advisor firms. Note that these fees are only estimates and actual costs may vary.

*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.
Estimated Fee Comparison*
Your Assets SurePath Wealth Management Investment Management Fees National Median Advisory Fees**
$500K $4,750 $5,000
$1MM $9,500 $8,500 - $10,000
$5MM $47,500 $25,000 - $32,500
$10MM $95,000 $50,000

What to Watch Out For

Some of SurePath Wealth Management’s staff members have relationships with other companies that could create conflicts of interest. The most prominent example of this is seen with firm founder and senior wealth advisor Michael Patrick Brewer. In SurePath’s Form ADV, it states that Brewer is an insurance agent that earns financial compensation from the sale of insurance products to clients. Brewer and SurePath each abide by fiduciary duty, though, meaning they are legally bound to act in your best interests at all times.

Disclosures

SurePath Wealth Management has a clean legal and regulatory record, according to its SEC-filed paperwork.

Opening an Account With SurePath Wealth Management

The best way to get into touch with SurePath Wealth Management about becoming a client is either to visit its firm in Round Rock, Texas or call (512) 994-0766.

Where Is SurePath Wealth Management Located?

SurePath Wealth Management has one location at 1000 Heritage Center Circle V323 in Round Rock, Texas.

Tips for Financial Planning

  • Creating and abiding by a strict financial plan is a great way to achieve your ultimate financial goals. This encompasses everything from retirement planning, to insurance planning, to college fund planning.
  • If you’re new to financial planning, it might be best to talk to a financial advisor who has experience with it. The SmartAsset financial advisor matching tool can pair you with as many as three local fiduciary advisors that are equipped to handle your personal needs.

How Many Years $1 Million 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 cost of living in retirement there.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. 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.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research