Reed Financial Services, INC.
Assets Under Management
$345.8M
Number of Clients
349
Number of Advisors
4
Average Client AUM
$991K
AUM per Advisor
$86.5M
Compensation
Commission-BasedFee-Only (AUM)Fixed/Hourly
About This Firm
Reed Financial Services offers discretionary investment management based on model portfolios, financial planning services, and consulting services. They follow a team approach to client service. Representatives are also associated with APW Capital, Inc. and licensed insurance agents, but the core business focuses on investment management and planning.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $500K | 1.25% |
| $500K - $2.0M | 1.00% |
| $2M+ | 0.85% |
Fee Estimator
For investment management, you'll pay a percentage of your assets under management, billed quarterly in advance. The maximum rate is 1.25% on the first $500,000, 1.00% on the next $1,500,000, and 0.85% on amounts over $2,000,000. Financial planning and consulting services are offered for an hourly fee ($100-$400/hour) or a fixed fee (up to $5,000 or more). A minimum of $500,000 is generally required to open and maintain an advisory account, but this may be waived. Additional fees include brokerage, custodial, and investment company expenses.
Areas of Practice
Location
5885 Landerbrook Drive, Suite 110, Cleveland, OH, 44124