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Learn more about Bowen Wealth
Bowen Wealth operates as a financial advisor company that has its headquarters in Mount Pleasant, South Carolina. The company administers $50.2 million in total assets over 317 customer accounts. Bowen Wealth has a small group, including 1 financial advisor. Bowen Wealth does not act as a registered broker-dealer, meaning the firm cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable financial assets like equities, bonds and options.
Bowen Wealth manages all of the firm's client assets on a discretionary basis. Discretionary management signifies that buy and sell choices are made by an investment advisor without requiring the customer's consent. The firm's average account size is $158,233. The typical financial advisor at Bowen Wealth manages about 317 client accounts.
Bowen Wealth's headquarters is located at 497 Bramson Court, Mount Pleasant, South Carolina 29464. The company is allowed to serve investors in the state of South Carolina.
Assets Under Management
Number of Advisors
Bowen Wealth by the Numbers
Products and Services
Bowen Wealth offers a number of services, which can consist of financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the last fiscal year, Bowen Wealth provided financial planning services to 101-250 of its clients. The firm does sell products or offer services aside from investment advice to its clients.
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 advisory fees vary depending on the type of services offered. However, fees billed by the company likely consist of the following fee structures: asset-based or fixed. The company does not provide 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 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 21% of firms that offer this fee type
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
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
Bowen Wealth provides services to retail investors and high net worth investors. Out of its 317 clients, Bowen Wealth's biggest client type by number of accounts is retail investors, but it also caters to nine high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are non-U.S. persons.
- High-Net-Worth Individuals* - 2.84%
- Other Individuals - 97.16%
- 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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Bowen Wealth does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Bowen Wealth
Mount Pleasant, SC
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