Miami Wealth Management ®

CRD#298416
Investment Advisor Firm

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Learn more about Miami Wealth Management ®

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Miami Wealth Management ® operates as an advisory firm that has its headquarters in Miami, Florida. Miami Wealth Management ® manages $158.4 thousand in assets over four customer accounts. Miami Wealth Management ® has a small group, including 1 financial advisor. Miami Wealth Management ® is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer company to do so. Securities are defined as exchangable fiscal investments like bonds, stocks and options.

    Miami Wealth Management ® oversees all of the company's client assets on a discretionary basis. Discretionary management signifies that a portfolio manager has the discretion to make buy and sell judgments for the client's account without needing client consent. The investment advisory firm's average account size is $39,602. An average advisor at Miami Wealth Management ® administers around four client accounts, making it one of the most personalized advisor firms in the country.

    The firm's central office is located at 701 Brickell Ave, Miami, Florida 33131. The company is registered to serve clients in the state of Florida.

    Assets Under Management

    $158.4 thousand

    Number of Advisors

    1

    Disclosures

    No

    Office Location

    701 Brickell Ave
    Miami, FL 33131

    Miami Wealth Management ® by the Numbers

    Total Assets Under Management

    $158.4 thousand

    National Average: $8.6 billion
    Total Number of Employees

    1

    National Average: 64
    Total Number of Accounts

    4

    National Average: 375,227
    Average Account Size

    $39.6 thousand

    National Average: $23.0 thousand
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    Products and Services

    Financial services provided by Miami Wealth Management ® include portfolio management for individuals and small businesses and selection of other advisers. Notably, the firm did not provide any of its customers with financial planning services in the last financial year. The firm is not engaged in selling products or offering services other than investment advisory services to its investment advisory accounts. Miami Wealth Management ® is affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer.

    Core Advisor Services

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      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.

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      Publication of Periodicals

      This is the publication of various financial education materials.

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      Educational Seminars/Workshops

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

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    Fee Structure

    Fees charged by financial advisors largely are based on which services the firm provides the client. Fees billed by the company typically consist of the following fee type: asset-based. The firm does not participate in a wrap fee program, in which the company offers a service bundle for a single 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.

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    Disclosures

    Miami Wealth Management ® does not have any disclosures.

    Please visit its Form ADV for more details.

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