Financial Management Strategies, INC.
Assets Under Management
$619.5M
Number of Clients
1,733
Number of Advisors
18
Average Client AUM
$357K
AUM per Advisor
$34.4M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
FMS provides continuous asset management based on individual client needs, using model portfolios and offering retirement plan advisory services. They also offer comprehensive financial planning, including income tax, investments, education funding, retirement, disability, long-term care, estate, and insurance planning. Consulting services are also available.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $100K | 1.50% |
| $100K - $250K | 1.50% |
| $250K - $500K | 1.25% |
| $500K - $1.0M | 1.00% |
| $1M+ | 1.00% |
Fees may be negotiable on a client-by-client basis.
Fee Estimator
FMS charges fees based on a percentage of assets under management, ranging from 0.50% to 1.50% annually. Fees are deducted from client accounts quarterly. Retirement plan advisory fees range from 0.10% to 1.50% of assets under management or are charged on an hourly basis ($75-$250/hour) or fixed fee basis ($1,000-$25,000). Financial planning fees range from $250 to $10,000 or are charged hourly ($75-$250/hour). There is no minimum account size.
Areas of Practice
Location
9200 South Hills Blvd., Suite 310, Broadview Hts., OH, 44147