Magnifymoney Advisor

CRD#313186
Investment Advisor Firm

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Overview

Magnifymoney Advisor operates as an advisory company headquartered in Charlotte, North Carolina. The firm has a small team, including 2 financial advisors. Magnifymoney Advisor does not act as a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal investments like options, stocks and bonds.



The firm's main office is located at 1415 Vantage Park Drive, Charlotte, North Carolina 28203. It is allowed to serve clients throughout 50 U.S. states and territories.

Editorial note: Under some conditions, firms can register as exempt reporting advisors with the SEC, meaning they file an abridged version of the Form ADV. As a result, this is all of the publicly available information for Magnifymoney Advisor. Please visit the SEC website for more information at https://www.sec.gov

Number of Advisors

2

Disclosures

No

Office Location

1415 Vantage Park Drive
Charlotte, NC 28203

Magnifymoney Advisor by the Numbers

Total Number of Employees

3

National Average: 64
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Fee Structure

Financial advisory fees vary depending on which services the firm provides the client. Fees charged by Magnifymoney Advisor typically consist of non-traditional fee structures. Magnifymoney Advisor does not provide a wrap fee program, in which the company offers a bundle of services for a single fee.

Available

  • Offered by 10% of firms

    Other

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

Unavailable

  • Find one of the 69% of firms that offer this fee type

    Percentage of Assets

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    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.

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

    Hourly

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    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

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    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

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    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

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    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.

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Disclosures

Magnifymoney Advisor does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Magnifymoney Advisor

Christopher Pacini
Charlotte, NC

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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 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.