Bowers Wealth Management, Inc

CRD#145476
Investment Advisor Firm

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Learn more about Bowers Wealth Management, Inc

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Bowers Wealth Management, Inc is a financial advisor firm based in Glenbrook, Nevada. It oversees $148.8 million in total assets over 259 client accounts, placing it in the mid-tier of firms in the nation by assets under management (AUM). The company has a small team, including 2 financial advisors. Bowers Wealth Management, Inc does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments like bonds, options and stocks.

    Bowers Wealth Management, Inc administers all of the company's client assets in a discretionary manner. Discretionary management means that a portfolio manager makes transaction choices for the client's account without requiring the client's consent. The company's average account size is $574,501. An average advisor at Bowers Wealth Management, Inc administers around 130 client accounts.

    Bowers Wealth Management, Inc's main office is at 1236 U.S. 50, Glenbrook, Nevada 89413. Bowers Wealth Management, Inc is permitted to serve customers across a number of states, including Arizona, California, Florida, Michigan, Nevada, Texas and Washington.

    Assets Under Management

    $148.8 million

    Number of Advisors

    2

    Disclosures

    No

    Office Location

    1236 U.S. 50
    Glenbrook, NV 89413

    Bowers Wealth Management, Inc by the Numbers

    Total Assets Under Management

    $148.8 million

    National Average: $8.6 billion
    Total Number of Employees

    2

    National Average: 64
    Total Number of Accounts

    259

    National Average: 375,227
    Average Account Size

    $574.5 thousand

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial advisory services usually are based on which services are offered. However, fees charged by the company typically consist of the following fee structure: asset-based. Bowers Wealth Management, Inc does not supply a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

    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

    • Find one of the 21% of firms that offer this fee type

      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

      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 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.

    Back to Overview

    Types of Clients

    The firm provides services to retail investors and high net worth investors. Out of its 259 accounts, Bowers Wealth Management, Inc's biggest client type by number of accounts is high net worth investors, though it also manages money for 60 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the firm's customers are non-U.S. persons.

    • High-Net-Worth Individuals* - 53.57%
    • Other Individuals - 46.43%
    • 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

    Bowers Wealth Management, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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