Sherman Wealth Management LLC
Assets Under Management
$122.0M
Number of Clients
137
Number of Advisors
3
Average Client AUM
$891K
AUM per Advisor
$40.7M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Sherman Wealth Management offers investment advisory services, including wealth management, investment management, financial planning, cash management, and retirement plan advisory. They customize advice to each client's needs through an "open architecture" approach, constructing portfolios with low-cost, diversified mutual funds, ETFs, and alternative investments. They also provide financial planning services as a component of wealth management or separately.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $500K | 1.00% |
| $500K - $1.0M | 0.90% |
| $1.0M - $3.0M | 0.75% |
| $3.0M - $6.0M | 0.60% |
| $6.0M - $10.0M | 0.40% |
| $10M+ | 0.25% |
Fees may be negotiable.
Fee Estimator
Wealth management fees are based on a tiered schedule applied to assets under management, advisement, and/or supervision. Fees are generally paid quarterly. Financial planning services are offered as project-based engagements (billed hourly up to $550/hour or fixed fee) or ongoing advisory services (annual fee up to $10,000). Retirement plan advisory fees are up to 1.00% annually or a fixed annual fee. Educational seminars and workshops range from $0-$20,000 per event or $0-$500 per participant. Fees may be negotiable.
Areas of Practice
Location
9841 Washingtonian Blvd, Suite #200, Gaithersburg, MD, 20878
