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Visionary Wealth Advisors Review

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Visionary Wealth Advisors, LLC

Visionary Wealth Advisors, LLC (sometimes known as VWA) is a financial advisor firm based in St. Louis, Missouri. It has more than $1.1 billion in assets under management (AUM). The firm offers services such as financial planning and portfolio management.

Visionary Wealth Advisors Background

Visionary Wealth Advisors, LLC started conducting investment advisory services in 2014. The firm is principally owned by its president, Timothy Hammtet, and CEO Brett Gilliland. It employs 44 employees, 31 of whom perform investment advisory functions. The firm's investment advisory representatives (IARs) are based in a number of offices across Colorado, Florida Illinois and Missouri. The firm's headquarters are in St. Louis.

Visionary Wealth Advisors Client Types and Minimum Account Sizes

The firm provides investment advice the following types of clients: 

The firm may also provide investment advisory services to clients of other advisors, based on the contractual relationships they have with those advisors.

The firm has no set minimum account size. 

Services Offered by Visionary Wealth Advisors

Visionary Wealth Advisors offers a variety of advisory services, including financial planning, consulting and investment management. Before clients receive any services from the firm, they are required to enter into one or more written agreements that set forth the relevant terms and conditions.

With regards to investment management services, VWA advisors manage investment portfolios on a discretionary or non-discretionary basis. The firm mostly allocates client assets across various mutual funds, ETF's, individual equities, cash equivalents and model portfolios designed or managed by independent investment managers. This is done according to the investment objectives and goals that the client states. The firm customizes its advisory services to meet the specific needs of each individual client and makes sure that portfolios are managed and monitored consistently so that they can reach the intended objectives. Clients additionally have the option of utilizing model-based investing programs through separately managed accounts. These are called Model Portfolios and are designed by VWA's own research department or a third-party portfolio strategist. Model Portfolios are offered across a variety of strategies: conservative, moderate conservative, balanced, moderate aggressive and aggressive. The firm also offers Model Accounts, which differ from model portfolios in that they allocate investments to focus on a single or limited number of asset classes.

VWA additionally offers investment management services as the sponsor and manager of the Visionary Wealth Management Program, a wrap fee program. This program offers clients the ability to trade in certain investment products without having to pay separate brokerage commissions or transaction charges. This program also allows for the selection of a Model Portfolio. 

With regards to financial planning and consulting services, Visionary Wealth Advisors may offer any or all of the following:

  • Business planning
  • Cash flow forecasting
  • Trust and estate planning
  • Financial reporting
  • Investment consulting
  • Insurance planning
  • Retirement planning
  • Risk management
  • Charitable giving
  • Distribution planning
  • Tax planning
  • Manager due diligence

In these cases, clients have full discretion over all decisions about whether or not to implement the plan that the firm provides. Clients are under no obligation to act upon any of the recommendations that VWA makes.

Visionary Wealth Advisors Investing Philosophy

Visionary Wealth Advisors uses a combination of fundamental, technical and cyclical methods of analysis. Alongside this, it employs an asset allocation strategy based on a derivative of modern portfolio theory (MPT).

With fundamental analysis, which involves looking closely at particular metrics of a stock to assess whether its value is realistic, the firm evaluates the fundamental financial condition and competitive position of a particular fund, issuer or company. It analyzes information about the management team, investment strategies, past performance, reputation and financial strength in relation to the asset allocations.

The firm's technical analysis involves examining historical market data as opposed to the specific information mentioned above, often relying on mathematical indicators and charts to identify market patterns and trends. Cyclical analysis involves looking at the relationship between market cycles and prices to forecast future price movement.

Cyclical analysis involves looking at the relationship between market cycles and prices to forecast future price movement. And MPT focuses on how to maximize returns for a given amount of risk.

Of course, all potential and current clients must keep in mind that no investment strategy guarantees against risk or loss. 

Fees Under Visionary Wealth Advisors

The fees that the firm charges clients may include fixed fees as well as fees based upon AUM.

For investment management services, Visionary Wealth Advisors charges an annual fee based on AUM. This fee generally ranges up to 1.25%, depending on the size of the portfolio. The yearly fee is prorated and charged quarterly in advance. The firm has the discretion to negotiate a lesser fee based on specific criteria.

The fee schedule is as follows:

Assets Under Management Maximum Annual Rate
$0 - $250,000 1.25%
$250,001 - $500,000 1.20%
$500,001 - $750,000 1.15%
$750,001 - $1,000,000 1.05%
$1,000,001 - $5,000,000 1.00%
$5,000,000 and more Negotiable

At VWA, accounts smaller than $2 million are charged more than the industry average, which is 0.95%, according to a 2018 study of 1,500 firms by RIA in a Box. Here is the estimated dollar amount you'd pay in advisory fees based on the size of your account:

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at Visionary Wealth Advisors*
Your Assets Annual Fee Amount Charged on All AUM
$250,000 $3,125
$500,000 $6,000
$750,000 $8,625
$1MM $10,500
$5MM Negotiable

If the client opts for a Model Portfolio or Model Account, the firm charges the amount of the independent manager's fee in addition to the fees noted above. Independent managers' fees may vary, but currently range from 0.20%-0.50%.

For financial planning and consulting, Visionary Wealth Advisors may charge a fixed project-based fee. These fees are negotiable but range usually from $1,000 to $25,000 depending on scope and complexity of services.

For the wrap fee program, clients pay a single yearly fee based on AUM this fee generally ranges up to 1.33%. The fee schedule is as follows:

Assets Under Management Maximum Annual Rate
$0 - $250,000 1.33%
$250,001 - $500,000 1.28%
$500,001 - $750,000 1.23%
$750,001 - $1,000,000 1.13%
$1,000,001 - $5,000,000 1.00%
$5,000,000 and more Negotiable

Here is the estimated dollar amount you'd pay in wrap-fee program fees based on the size of your account:

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Wrap Fee Program Fees at Visionary Wealth Advisors*
Your Assets Annual Fee Amount Charged on All AUM
$250,000 $3,325
$500,000 $6,400
$750,000 $9,925
$1MM $10,000
$5MM Negotiable

Fees and expenses may vary and additional fees may apply, so be sure to read agreements carefully and contact the firm if you have questions.

Learn more about advisors' typical costs here.

What to Watch Out For

Within the past 10 years, Visionary Wealth Advisors has not undergone any disciplinary or legal action deemed material to a client’s evaluation of its business integrity. You can view its latest Form ADV on the official website of the Securities & Exchange Commission (SEC). As an SEC-registered investment advisor, the firm is legally obligated to uphold its fiduciary duty and work in clients’ best interests at all times.

Opening an Account With Visionary Wealth  Advisors

To open an account with Visionary Financial Advisors, you can visit the firm's website or call (314) 764-2727.

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

Tips for Finding a Financial Advisor 

  • Interview at least three advisors before choosing one. This ensures that you have enough context about fees and investment strategies to make an informed decision. To find more advisors in your area, use our interactive financial advisor matching tool. It links you with up to three local pros. 
  • Ask candidates whether they adhere to the fiduciary standard of putting clients’ interests first. Yes is the ideal answer, of course. But they may follow a lower standard of providing only suitable recommendations.

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.

Least
Most
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