Vector Wealth Management
Assets Under Management
$1.5B
Number of Clients
844
Number of Advisors
11
Average Client AUM
$1.8M
AUM per Advisor
$135.3M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Vector Wealth Management offers investment management services, allocating assets among mutual funds, ETFs, individual securities, and independent managers. They also provide non-discretionary investment management for employer-sponsored retirement plans and 529 plans. Financial planning services include distribution, insurance, retirement, and tax planning.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $500K | 1.20% |
| $500K - $1.0M | 1.00% |
| $1.0M - $3.0M | 0.85% |
| $3.0M - $5.0M | 0.75% |
| $5M+ | 0.65% |
Fee schedule is for new clients who retain Vector after March 31, 2019. Vector reserves the right to discuss and agree upon an appropriate fee that may either be higher or lower than the stated schedule.
Fee Estimator
Vector charges an annual fee based on a percentage of assets under management. For example, the first $500,000 is billed at 1.2%, the next $500,000 at 1%, and the next $2,000,000 at 0.85%. Fees are generally prorated and billed quarterly in arrears, but legacy SNS clients are billed in advance. Vector reserves the right to negotiate fees higher or lower than the stated schedule. A minimum portfolio size of $500,000 is required.
Areas of Practice
Location
43 Main Street Se, Suite 236, Minneapolis, MN, 55414