Manske Wealth Management, LLC

CRD#164401
Investment Advisor Firm

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Learn more about Manske Wealth Management, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Manske Wealth Management, LLC operates as an advisory firm located in Houston, Texas. The firm has $426.4 million in assets over 405 client accounts, placing it among the larger financial advisory firms in the nation by assets under management (AUM). It has a small team, including 6 financial advisors. Manske Wealth Management, LLC is not a registered broker-dealer, meaning it cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer firm to do so. Securities are defined as tradable fiscal assets like options, equities and bonds.

    Manske Wealth Management, LLC manages all of the firm's client assets in a discretionary manner. Discretionary management means that a portfolio manager makes transaction decisions for the client's account without requiring client approval. Manske Wealth Management, LLC oversees about $1.1 million in assets for every customer account. The average advisor at Manske Wealth Management, LLC administers about 68 client accounts, making it about average in terms of personalization.

    The company's main office is located at 1010 N. San Jacinto, Houston, Texas 77002. The firm is registered to provide services to customers in the state of Texas.

    Assets Under Management

    $426.4 million

    Number of Advisors

    6

    Disclosures

    No

    Office Location

    1010 N. San Jacinto
    Houston, TX 77002

    Manske Wealth Management, LLC by the Numbers

    Total Assets Under Management

    $426.4 million

    National Average: $8.6 billion
    Total Number of Employees

    10

    National Average: 64
    Total Number of Accounts

    405

    National Average: 375,227
    Average Account Size

    $1.1 million

    National Average: $23.0 thousand
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    Products and Services

    Manske Wealth Management, LLC offers a number of services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and selection of other advisers. In the prior fiscal year, it provided 11-25 of its clients with financial planning services. The company does not sell products or offer services other than investment advisory services to its investment advisory 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

      Portfolio Management

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

    • Find a firm that offers this service

      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.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

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

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    Fee Structure

    Financial advisory fees vary depending on which services the firm provides the client. However, fee types charged by Manske Wealth Management, LLC most likely consist of the following fee types: asset-based or fixed. The firm does participate in a wrap fee program, in which the company 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.

    • Offered by 32% of firms

      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.

    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 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 caters to retail investors, pension plans and corporations. Out of its 405 clients, Manske Wealth Management, LLC's biggest client type by number of accounts is retail investors. None of the company's clients reside abroad.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 91.27%
    • Corporations - 8.73%
    • 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

    Manske Wealth Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Manske Wealth Management, LLC

    Christopher Manske
    Houston, TX
    Michael Brinkley
    Houston, TX
    Joseph Sowards
    Houston, TX
    Chance Burroughs
    Houston, TX
    Zachary Welborn
    Houston, TX
    Elijah Lopez
    Houston, TX

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