Investment Consulting

What are Peck Wealth Management’s fees?

Total Assets Under Management Annual Fee*
$500,000 - $1,000,000 1.00%
$1,000,001 - $5,000,000 0.75%
$5,000,001 - $10,000,000 0.60%
Above $10,000,000 0.50%

*Fees are paid quarterly.

Does PWM have a minimum account size?

We require that a Client relationship have at least one account that meets our $500,000 minimum. We are happy to manage smaller accounts as part of a family relationship. We also recommend ways to consolidate various accounts to simplify financial affairs for our Clients.

Can PWM manage my current account without liquidating the holdings?

We carefully transition new Client accounts in applying our investment strategy. We focus on tax efficiency and make gradual changes to accounts that are tax sensitive. We coordinate the transition of both taxable and tax-exempt accounts to achieve tax efficiency.

What is a Registered Investment Advisor?

The term Registered Investment Adviser (RIA) is used to describe an Investment Adviser who is registered with the Securities and Exchange Commission (SEC) or a state's securities agency. A RIA must adhere to a “Fiduciary” standard of care as defined in the US Investment Advisors Act of 1940. The “Fiduciary” standard requires RIAs to act in a Client's best interest with the intent to eliminate, or at least to expose, all potential conflicts of interest that might incline an investment adviser—consciously or unconsciously—to render advice that is not in the best interest of the Client.

What is the difference between a Broker-Dealer and Registered Investment Advisor?

Broker-Dealers (BD) are "not to be deemed investment advisors" and therefore are not subject to the same “Fiduciary” standards as are Registered Investment Advisers. A Broker-Dealer Registered Representative typically earns commissions based on trades or sales targets and is required to recommend securities that are deemed "Suitable" for each Client. The FINRA “Suitability” standard requires that a member shall make reasonable efforts to obtain information concerning a Client's investment objective, and financial and tax status before recommending securities transactions. The “Suitability” standard is a lower standard then the “Fiduciary” duty of insuring that the investor’s interest comes first. The “Suitability” standard simply requires that the investment recommendation is suitable for the Client.

Why select an Independent Advisor?

There are significant differences among wealth advisory firms. It is important to know how each firm works and how each is paid. A highlight of PWM’s structure is our stated core value of maintaining a fiduciary duty in all aspects of serving our clients. Our fiduciary promise means there are no conflicts that compromise our responsibility to act in the best interest of each Client. At many brokerage and financial service firms, commission based compensation or the need to meet goals within the overall corporate structure can compromise true objectivity.

What is a CFA?

The Chartered Financial Institute (CFA) awards this designation to investment professionals that have passed a series of comprehensive exams covering topics such as economics, financial statement analysis, fixed income, equity, portfolio management and ethics. This credential is globally recognized for setting high standards of integrity, investment competence and professional experience and excellence.

What is the role of the custodian?

PWM does not hold Client assets or serve as a custodian. PWM’s Client assets are held at high quality financial institutions, in Client name and with complete transparency. The Client receives a monthly statement and trade confirmations from the third party custodian.

Who are some of the custodians for PWM Client accounts?

TD Ameritrade, Charles Schwab and JPMorgan Private Bank. While PWM is agnostic as to our Clients’ choice of custodian, our portfolio management systems are seamlessly connected to the RIA institutional services and technology of TD Ameritrade.