Wagner Wealth Management, LLC is a fee-based financial advisor firm with locations across South Carolina in Greenville, Seneca and Anderson. The firm has a small staff of eight advisors. It manages $371 million in client assets, with individuals making up 96% of its client base. The firm offers a wide range of services, such as tax strategies, retirement planning, insurance review and business financial planning.
Wagner Wealth Management Background
Holding companies DEW Holdings, LLC and Jeffrey Group, LLC wholly own Wagner Wealth Management. The former is owned by the firm’s founder and president Dan Wagner, and the latter by COO Jeff Herman. Wagner Wealth Management was established in 2014, and has remained under this ownership arrangement since its founding.
The firm’s founder has received multiple awards during his time in the industry. Wagner has been ranked as one of the top 25 bank advisors in the U.S. by Bank Investment Consultant Magazine and was named “Financial Consultant of the Year” and “Managed Money Champion” by LPL/UVEST Financial Services in 2005.
As far as certifications, the firm has just one certified financial planner (CFP) on staff, senior financial advisor J. Scott Davis.
What Types of Clients Does Wagner Wealth Management Accept?
Wagner Wealth Management principally serves individual investors both with and without a high net worth. It also can work with businesses, trusts, estates, charitable organizations, pension plans, profit-sharing plans, municipal government entities and insurance companies.
Wagner Wealth Management Minimum Account Size
Wagner generally requires new clients to have a minimum of $250,000 in investable assets prior to beginning an investment management or financial planning relationship.
Services Offered By Wagner Wealth Management
The core services at Wagner Wealth Management include retirement planning, financial planning and investment management. Within these overarching categories, there are other services offered, which include:
- Financial planning
- Creation of a customized financial plan based on your goals
- Budget planning
- Cash flow analysis
- Risk management and insurance analysis
- Retirement planning
- Education funding
- Investment portfolio design
- Tax-efficient estate planning
- Investment management
- Goal-driven investment research and analysis
- Discretionary portfolio management
- Retirement plan advisory
- Review of your current retirement finances
- Refinement of your retirement goals
- Plan participant education
- General consulting
- Income tax planning
- Insurance portfolio review
- Cash flow planning
Wagner Wealth Management Investment Philosophy
In most cases, Wagner Wealth Management tends to focus its investment choices around a long-term ideology. This investment ideology falls directly in line with the firm’s services, which are centered around retirement, college and other events that are far in the future.
The firm typically chooses investments that will stay in your portfolio for at least a year. Common investments used in client portfolios include exchange-traded funds (ETFs), mutual funds, separately managed accounts (SMAs), stocks, bonds and closed-end funds. However, the firm will occasionally look to reap the sometimes riskier rewards of short-term investments. This is done for a number of reasons, namely to help satisfy clients’ liquidity needs.
Fees Under Wagner Wealth Management
Wagner Wealth Management has individualized fee schedules for each of its clients, so it does not have a publicly available fee schedule. The firm typically charges portfolio management fees, which clients can pay on a monthly or quarterly basis.
However, these fees are then divided into two separate structures: a wrap fee program and a transaction-based program. The wrap fee includes both the portfolio management and brokerage expenses in a single rate that will not exceed 2.50% of assets under management. For the transaction-based program, you will be charged a flat management fee, and you’ll accrue additional costs based on the transactions made in your account.
For financial planning services, the firm charges hourly fees at a rate of $500 an hour.
What to Watch Out For
A fee-based firm, Wagner Wealth Management employs advisors who sell insurance products and securities. These advisors may earn commissions from sales. While this does present a potential conflict of interest, the firm is a fiduciary, which requires it to act in your best interest at all times.
Wagner does not have an legal or disciplinary issues in its past.
Opening an Account With Wagner Wealth Management
You can visit one of Wagner Wealth Management’s locations in South Carolina (Greenville, Seneca or Anderson) to meet with an advisor and discuss your financial plans. If it’s easier, you can also call and set up an appointment using these phone numbers:
- Greenville: (864) 236-4706
- Seneca: (864) 710-9758
- Anderson: (864) 231-5494
The firm’s website also provides a contact form that you can fill out to have the firm get in touch with you. The form requires your full name, email address and a brief message. Once this information has been processed by Wagner, one of its advisors who specialize in your area of need will reach out to you.
Where Is Wagner Wealth Management Located?
Wagner Wealth Management’s headquarters is in Greenville, South Carolina, off of Verdae in the center of Hollingsworth Park. The firm has two additional offices in South Carolina in Anderson and Seneca.
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