Bonnema Wealth Management LLC

CRD#173526
Investment Advisor Firm

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Overview

Bonnema Wealth Management LLC operates as a financial advisory company located in Scottsdale, Arizona. The firm has $88.1 million in total assets throughout 148 client accounts. The firm has a small team of one employee who is a financial advisor. Bonnema Wealth Management LLC does not act as a registered broker-dealer, meaning the firm is not able to buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal assets such as options, stocks and bonds.

Bonnema Wealth Management LLC manages all of the firm's accounts on a discretionary basis. Discretionary management is a structure in which a portfolio manager makes buy and sell judgments for the client's account without requiring the client's permission. Bonnema Wealth Management LLC's average account size is $594,934. $50,000,000 of its investments for financial planning services were in securities, with under $100,000 placed in non-securities. The average advisor at Bonnema Wealth Management LLC manages around 148 client accounts.

Bonnema Wealth Management LLC's central office is at 7373 E. Doubletree Ranch Rd., #200, Scottsdale, Arizona 85258. The firm is permitted to provide services to investors across a number of states, including Arizona and California.

Assets Under Management

$88.1 million

Number of Advisors

1

Fee Structure

Asset-based, Hourly, Fixed

Disclosures

No

Office Location

7373 E. Doubletree Ranch Rd., #200
Scottsdale, AZ 85258

Bonnema Wealth Management LLC by the Numbers

Total Assets Under Management

$88.1 million

National Average: $3.3 billion
Total Number of Employees

1

National Average: 4,943
Total Number of Accounts

148

National Average: 2,522
Average Account Size

$594.9 thousand

National Average: $1.3 million

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Products and Services

Financial services that Bonnema Wealth Management LLC provides can include financial planning services and portfolio management for individuals and small businesses. In the prior fiscal year, the company provided financial planning services to 51-100 of its accounts. Bonnema Wealth Management LLC does not sell products or offer services apart from investment advisory services to its investment advisory customers.

Core Advisor Services

  • Offered by 45% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 63% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

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Fee Structure

Financial advisory fees typically vary depending on the type of services offered. Fees charged by the company most likely are comprised of the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company. Bonnema Wealth Management LLC can withdraw the charges directly from client funds.

Available

  • Offered by 75% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 37% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 40% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 3% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Disclosures

Bonnema Wealth Management LLC does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA