Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right
Tap on the profile icon to edit
your financial details.

Vision2020 Wealth Management Review

Your Details Done
by Updated

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.

Vision2020 Wealth Management Corp.

Located in Phoenix, Vision2020 Wealth Management Corp. has billions of dollars in assets under management (AUM). Vision2020 Wealth Management's advisory services are offered through a network of investment advisor representatives (IARs) who serve both individual clients and individual investors. 

As a fee-based firm, some IARs may earn commissions for selling or recommending securities or insurance. This is a different fee structure from a fee-only firm, whose revenue comes solely from the fees that clients pay, not third-party commissions. 

Vision2020 Wealth Management Background

The firm does not have a website, so information about it is limited. The practice registered with the SEC and a number of states in 2010. Vision2020 is a subsidiary of Advisor Group, Inc., a wholly-owned subsidiary of Advisor Group Holdings, Inc. 

A consortium of investors primarily owns Advisor Group Holdings through RCP Artemis Co-Invest, L.P. That group of investors includes RCP Genpar Holdco LLC, RCP Genpar L.P., RCP Opp Fund II GP, L.P., and The Berliniski Family 2006 Trust.

Vision2020 Wealth Management Client Types and Minimum Account Sizes

The minimum to open an account varies based on account type. A $5,500 minimum applies to the firm's advisor-managed account program. 

With relatively low minimums, it’s no surprise then that the vast majority of clients do not have a high net worth. Specifically, there are almost 82,000 of them versus the nearly 15,000 who do have a high net worth.

In addition to individuals, the firm works with pension and profit-sharing plans, charitable organizations, corporations, local governments, banks and other business entities.

Services Offered by Vision2020 Wealth Management 

Vision2020 offers the following services and programs:

  • Discretionary portfolio management
    • Separately Managed Accounts (SMA)
    • Genesis Model Portfolios Accounts (GMPAs)
    • Unified Managed Accounts (UMAs)
    • Strategist UMA (SUMA)
  • Tax management: Clients can have the following services added to their accounts:
    • Tax-sensitive overlay: Using predefined parameters, this service employs a rebalancing process using tax-aware portfolio management techniques to better maximize after-tax returns.
    • Tax management service: Using more customizable parameters, this service seeks to control the realization of large unrealized gains of an account. 
  • SRI screens
    • Socially Responsible Investing screen is an available option to attach to an account

Vision2020 Wealth Management Investing Philosophy

Vision2020 doesn’t follow one specific strategy. Instead, it seeks to provide any strategy appropriate to a client’s needs and preferences. It does this by outsourcing portfolio management to third parties. 

Fees Under Vision2020 Wealth Management

All fees for services at the firm are negotiable. The program fee includes the investment manager’s fee, which is up to an annual 1.4%, and the custodian’s fee. The total fee will not exceed 2.75% of assets under management (AUM).

What to Watch Out For

Vision2020 reported one disclosure last year related to an advisory affiliate but has not reported any disclosures in its most recent SEC filings. 

As noted earlier, your Vision2020 IAR may also be a broker-dealer representative who receives commissions on transactions. This means he or she may have more conflicts of interest than an advisor who only provides investment advice and management. That said, as an SEC-registered investment advisor, Vision2020 is legally obligated to work in clients’ best interests as a fiduciary. (As brokers, they must only make suitable recommendations.)

Additionally, the firm does not offer financial planning. If you are seeking guidance on financial matters that do not involve investing per se (such as estate planning) or want a one-time financial plan, use SmartAsset’s financial advisor tool to find someone who better fits your needs.

Opening an Account With Vision2020 Wealth Management

If you are interested in opening an account with Vision2020 Wealth Management, call the firm directly at (800) 552-3319 since it does not operate a website.

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

Tips for 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.
  • Ask candidates about their formal training. Believe it or not, you don’t actually have to have any to be a financial advisor. So if someone does have a professional designation, such as certified financial planner (CFP) or accredited investment fiduciary (AIF), you know they have had some related preparation - and probably a specialty.
  • Also ask about the advisor’s client base. Someone who primarily works with affluent families may not give you the attention you want if you are not so wealthy. Conversely, someone who works mostly with people who are not affluent may lack the know-how or experience to handle assets at your level.

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