Working with an adviser may come with potential downsides such as payment of fees This is not an offer to buy or sell any security or interest. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. SmartAssetĭoes not review the ongoing performance of any Adviser, participate in the management of any user’sĪccount by an Adviser or provide advice regarding specific investments. Matching platform based on information gathered from users through our online questionnaire. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our Services are limited to referring users to third party advisers registered or chartered as fiduciaries Securities and Exchange Commission as an investment adviser. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, Sources: Bureau of Labor Statistics (BLS),Ĭouncil for Community and Economic Research Long $1 million would cover retirement expenses in each of the cities in our study.Ĭities where $1 million lasted the longest ranked the highest in the study. Then, we divided $1 million by the sum of each of those annual numbers to determine how We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. The average cost of living for retirees in the largest U.S. To adjust those national average spending levels based on the costs of each expense category (housing,įood, healthcare, utilities, transportation and other) in each city. We then applied cost of living data from the Council for Community and Economic Research How many years of retirement a $1 million nest egg would cover in cities across America.įirst, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures We analyzed data on average expenditures for seniors, cost of living and investment returns to determine After all, a few things are more personal than your finances, and you don’t want to feel self-conscious talking about your goals and dreams to the person who is supposed to help you realize them. It’s the best way to get a sense of how comfortable he or she makes you feel.
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SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.To contact Cirrus Wealth, call (216) 503-9310, and send a message on its website contact page.Īll information was accurate as of the writing of this article. Opening an Account With Cirrus Wealth Management In its most recent SEC filings, Cirrus Wealth had no disclosures to report.
So though they charge fees for their advisory services, they do receive commissions from third parties in their other roles, which poses a conflict of interest. Most advisors are also insurance agents and broker representatives. Learn more about advisors' typical costs here. Its management fees follow this tiered schedule: AUMĬheck out the table below to see estimated fees for Cirrus Wealth management services: *Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.Įstimated Investment Management Fees at Cirrus Wealth* Unlike many firms, it also charges an annual administration fee of 0.25%, not to exceed $750 per year. Like most, if not all, firms, Cirrus Wealth bases management fees on a percentage of the client’s AUM.
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Instead, it says it primarily “will advise you on how to allocate your assets among various classes of securities or third-party money managers.” It generally uses investment model portfolios and strategies developed by third parties and invests in equities, debt securities (including laddered bonds), mutual funds, exchange-traded funds (ETFs) and publicly traded real estate investment trusts (REITs). Cirrus Wealth Management Investing PhilosophyĬirrus does not apply quantitative or qualitative analysis of individual securities.
It also offers stand-alone financial planning and pension consulting services. The firm provides portfolio management services on a discretionary and non-discretionary basis. Services Offered by Cirrus Wealth Management The firm works with individuals who are and aren’t high net worth, pension and profit-sharing plans, charitable organizations and corporations.Ĭirrus Wealth generally has no set minimums, though it may close accounts whose balances are too low to be cost-effective at the sole discretion of the firm. Cirrus Wealth Management Client Types and Minimum Account Sizes
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