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Wagner Wealth Management Review

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Wagner Wealth Management

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.

Disclosures

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.

Tips to Select the Best Financial Advisor for You

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  • Form ADVs are the best way to learn about everything that a financial advisor firm has to offer. The SEC-filed paperwork provides valuable information for prospective clients, like the firm’s total assets under management, the types of clients it typically serves and whether it has any disclosures. If you look through these documents, you’ll likely feel much more secure in your choice of a firm.

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 the cost of living in retirement for that location.

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

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

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%. This reflects the typical return on a conservative investment portfolio. 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