Essex Private Wealth Management LLC
Assets Under Management
$293.6M
Number of Clients
212
Number of Advisors
4
Average Client AUM
$1.4M
AUM per Advisor
$73.4M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Essex Private Wealth Management provides customized investment advisory solutions through continuous client contact. They identify client goals, risk tolerance, and financial situations to create investment strategies, primarily using mutual funds and ETFs. Financial planning services are offered as part of wealth management or separately.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $500K | 1.00% |
| $500K - $1.0M | 0.80% |
| $1.0M - $3.0M | 0.70% |
| $3.0M - $4.0M | 0.60% |
| $4.0M - $5.0M | 0.50% |
| $5M+ | 0.50% |
Fees negotiable over $5,000,000.
Fee Estimator
Essex Private Wealth Management charges a fee based on assets under management for wealth management services, which includes both investment management and financial planning. For standalone financial planning, they charge $250 per hour, which may be negotiable. Fees are negotiable at the sole discretion of the advisor. Certain legacy clients may have different fee schedules.
Areas of Practice
Location
7 Grove Street, Suite 201, Topsfield, MA, 01983