Semus Wealth Partners, LLC
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Learn more about Semus Wealth Partners, LLC
Semus Wealth Partners, LLC is a financial advisory company that has its headquarters in Boca Raton, Florida. The company controls $185.0 million in total assets across 887 client accounts, placing it in the mid-tier of investment advisory firms in the country by assets under management (AUM). It has a small group, including 2 financial advisors. Semus Wealth Partners, LLC is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are defined as tradable financial assets like options, bonds and stocks.
Semus Wealth Partners, LLC oversees the majority of its client assets in a discretionary manner. Discretionary management is a structure in which a portfolio manager has the discretion to make transaction judgments without requiring the client's approval. It also oversees 10 non-discretionary accounts with a total of $9.1 million in AUM. The company's average account size is $208,609. The average advisor at Semus Wealth Partners, LLC oversees about 444 client accounts.
Semus Wealth Partners, LLC's main office is located at 150 E Palmetto Park Road, Boca Raton, Florida 33432. Semus Wealth Partners, LLC is allowed to provide services to clients across 5 states, including Florida, New Jersey, North Carolina, Pennsylvania and Texas.
Assets Under Management
Number of Advisors
Semus Wealth Partners, LLC by the Numbers
Products and Services
Semus Wealth Partners, LLC offers multiple services, which can include financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the prior fiscal year, Semus Wealth Partners, LLC provided financial planning services to 26-50 of its accounts. Semus Wealth Partners, LLC does not sell products or offer services apart from investment advice to its investment advisory customers.
Core Advisor Services
Offered by 31% 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 46% of firms
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.
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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This is the hosting of seminars or workshops to educate investors on financial concepts.
Financial management fees are based on which services are provided. Fees billed by the company may include any blend of the following fee types: asset-based, hourly or fixed. Semus Wealth Partners, LLC participates in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Offered by 69% of firms
Percentage of AssetsShow 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 21% of firms
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 32% of firms
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 1% of firms that offer this fee type
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
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
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 10% of firms that offer this fee type
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
It provides services to retail investors, high net worth investors and state or municipal government entities. Out of its 887 customers, Semus Wealth Partners, LLC's biggest client is retail investors, but it also caters to 70 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone 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). None of its customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 24.56%
- Other Individuals - 74.74%
- Corporations - 0.7%
- 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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Semus Wealth Partners, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Semus Wealth Partners, LLC
Boca Raton, FL
Boca Raton, FL
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The content in this profile was updated by SmartAsset on 4/16/2023. 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 email@example.com.
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