Preston Wealth Advisors, LLC.
Assets Under Management
$261.3M
Number of Clients
380
Number of Advisors
4
Average Client AUM
$688K
AUM per Advisor
$65.3M
Compensation
Fee-Only (AUM)
About This Firm
Preston Wealth Advisors, LLC (PWA) offers investment advice to individuals, families, and related entities. Services include discretionary and non-discretionary investment management, financial planning, and sub-advisory services. PWA also manages private funds (GovCon Fund, LP and GovCon Fund II, LP). They utilize both active and passive asset management strategies.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $500K | 1.60% |
| $500K - $2.0M | 1.40% |
| $2.0M - $5.0M | 1.25% |
| $5M+ | 1.00% |
The advisory fee is negotiable based on the type of client, the complexity of the client's situation, and the potential for additional account deposits. The annual Advisory Fee charged by the Firm will never be more than 2.0% of the client’s assets under management.
Fee Estimator
For typical investment advisory services, clients pay a percentage of their assets under management. For example, the annual fee is 1.60% on the first $500,000. The minimum account size is $500,000, but lesser amounts may be accepted at the firm's discretion. Financial planning services are included for private clients. If financial planning is requested separately, fees are based on an hourly rate. PWA also charges a 1.00% fee for its management of 1031 Like-Kind Exchanges.
Areas of Practice
Location
1886 Metro Center Drive, Suite 620, Reston, VA, 20190