Broadway Wealth Solutions
Assets Under Management
$265.8M
Number of Clients
755
Number of Advisors
9
Average Client AUM
$352K
AUM per Advisor
$29.5M
Compensation
Fee-Only (AUM)
About This Firm
Broadway Wealth Solutions, Inc. provides fee-based investment advisory services on a discretionary basis and related financial planning services. The firm manages custom investment portfolios, on a discretionary or non-discretionary basis, according to the Client's risk profile and investment objectives. They use strategic asset allocation, make tactical adjustments, and pursue a reasonable potential return for the level of risk assumed. BWSI has a sub-advisory agreement with First Trust for direct indexing strategies.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $2.0M | 0.80% |
| $2.0M - $5.0M | 0.60% |
| $5M+ | 0.50% |
Advisory fees may be negotiated under certain circumstances.
Fee Estimator
You'll pay an annual fee based on your portfolio size (see rates in table). For clients utilizing the First Trust Direct Indexing Strategy, there is an additional sub-advisory fee of 0.30% of account value per year, with a minimum fee of $1,500 per account per year, billed directly by First Trust. The combined annual fee for the First Trust Direct Indexing Strategy will range from approximately .80% - 1.30%, depending on asset levels. The minimum account size for the First Trust Direct Indexing Strategy is $500,000. Advisory fees may be negotiated under certain circumstances.
Areas of Practice
Location
1177 N.E. Loop 410, 5th Floor, San Antonio, TX, 78209