Franklin, Parlapiano, Turner & Welch LLC
Assets Under Management
$771.0M
Number of Clients
103
Number of Advisors
4
Average Client AUM
$7.5M
AUM per Advisor
$192.8M
Compensation
Fee-Only (AUM)
About This Firm
Franklin, Parlapiano, Turner & Welch LLC (FPTW) offers fee-only asset management services through their Managed Account Program. Services range from pre- and post-retirement distribution strategies to college planning, multigenerational wealth management, and retirement planning. The firm uses seven investment models based on a client’s risk profile.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $1.0M | 1.25% |
| $1.0M - $2.0M | 0.70% |
| $2.0M - $3.0M | 0.65% |
| $3.0M - $6.0M | 0.60% |
| $6.0M - $8.0M | 0.50% |
| $8.0M - $12.0M | 0.40% |
| $12.0M - $50.0M | 0.25% |
| $50M+ | 0.25% |
Fees may be negotiable.
Fee Estimator
FPTW offers a Managed Account Program with fees calculated as a percentage of assets under management. For example, a $1,500,000 portfolio would incur a fee of $12,500 + 0.70% of the amount over $1,000,000. The firm generally requires a minimum account size of $3,000,000, but this may be waived at FPTW's discretion. Fees may be negotiable depending on the circumstances.
Areas of Practice
Location
15115 Park Row, Suite 140, Houston, TX, 77084-4945