Altfest Personal Wealth Management
Assets Under Management
$1.6B
Number of Clients
688
Number of Advisors
16
Average Client AUM
$2.4M
AUM per Advisor
$101.4M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Altfest manages tailored investment portfolios, pooled investment vehicles, and offers financial planning on retirement, cash flow, debt management, and estate planning. They also provide ERISA fiduciary services to employee benefit plans, using various 401(k) platforms.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $3.0M | 1.00% |
| $3.0M - $6.0M | 0.75% |
| $6M+ | 0.50% |
For portfolios below $2,000,000, there will be a minimum advisory fee administered equivalent to one tenth of one percent (.10) in addition to the fee schedule above. Fees can be and have been negotiated.
Fee Estimator
Investment management fees are based on a percentage of your assets: 1% on the first $3 million, 0.75% on amounts between $3,000,001 and $6,000,000, and 0.5% on amounts over $6,000,000 annually. For portfolios below $2,000,000, there's a minimum advisory fee equivalent to 0.1% in addition to the fee schedule. The firm has a minimum portfolio size of $1,000,000, but may make exceptions. For "young professionals", there is a minimum quarterly fee of $1,250. Select Investment Review clients are charged $600-$900 per hour. Financial planning fees are fixed and agreed upon before services begin. ERISA Fiduciary Services have their own fee schedule based on plan assets.
Areas of Practice
Location
445 Park Avenue, 6th Floor, New York, NY, 10022
