Fortis Private Wealth Advisors, LLC

CRD#304494
Investment Advisor Firm

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Overview

Fortis Private Wealth Advisors, LLC is located at 6100 Blue Lagoon Drive, Miami, FL. The firm employs 1 financial advisor to manage client portfolios and provide financial guidance. Fortis Private Wealth Advisors, LLC is not a registered broker-dealer.

Fortis Private Wealth Advisors, LLC oversees $91.2 million in assets under management across 11 accounts, all of which are discretionary. The services offered include portfolio management for individuals and small businesses, and the selection of other advisers. The firm caters to high net worth investors, with high net worth investors being the largest client type by accounts. The fee structure at Fortis Private Wealth Advisors, LLC is asset-based. The firm has 5 high net worth clients.

Fortis Private Wealth Advisors, LLC is registered in the state of Florida.

Assets Under Management

$91.2 million

Number of Advisors

1

Disclosures

No

Office Location

6100 Blue Lagoon Drive
Miami, FL 33126

Fortis Private Wealth Advisors, LLC by the Numbers

Total Assets Under Management

$91.2 million

National Average: $8.6 billion
Total Number of Employees

3

National Average: 64
Total Number of Accounts

11

National Average: 375,227
Average Account Size

$8.3 million

National Average: $23.0 thousand
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Products and Services

Services offered by Fortis Private Wealth Advisors, LLC can include portfolio management for individuals and small businesses and selection of other advisers. However, Fortis Private Wealth Advisors, LLC did not provide financial planning services to any of its customers in the previous fiscal year. The Company does not sell products or offer services apart from investment advice to its investment advisory clients.

Core Advisor Services

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    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 46% of firms

    Portfolio Management

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

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    Market Timing Services

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

Other Services

  • Offered by 20% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees for financial management typically depend on the type of financial services provided. Fees billed by Fortis Private Wealth Advisors, LLC typically consist of the following fee type: asset-based.

Available

  • Offered by 69% 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.

Unavailable

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    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.

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

    Commissions

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    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 26% 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 0% 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 32% of firms that offer this fee type

    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.

  • Find one of the 10% 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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Types of Clients

The firm works with high net worth investors. Fortis Private Wealth Advisors, LLC's biggest client type by number of accounts is high net worth investors, but it also caters to 5 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of at least $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

Created with Highcharts 6.0.7
  • High-Net-Worth Individuals* - 100%
  • Other Individuals - 0%
  • Corporations - 0%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Fortis Private Wealth Advisors, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Created with Highcharts 6.0.7
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Financial Advisors at Fortis Private Wealth Advisors, LLC

Leticia Santiago
Miami, FL

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The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.