Worthen Financial Advisors
Assets Under Management
$30.9M
Number of Clients
87
Number of Advisors
1
Average Client AUM
$356K
AUM per Advisor
$30.9M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Worthen Financial Advisors offers investment management on a non-discretionary basis, creating portfolios of mutual funds and ETFs. They also provide ongoing financial planning and monitoring services through a subscription-based membership. They utilize third-party platforms like Focus Partners Advisor Solutions and Betterment for Advisors. A minimum account size of $250,000 is generally requested for investment management.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $500K | 1.15% |
| $500K - $1000K | 0.90% |
| $1.0M - $3.0M | 0.75% |
| $3.0M - $5.0M | 0.60% |
| $5.0M - $10.0M | 0.55% |
| $10M+ | 0.50% |
Fees may be assessed based on the total balance of all accounts for members of the client's family or related businesses.
Fee Estimator
Investment management fees are based on a percentage of your assets (see table). For accounts under $250,000, there's a $249 monthly financial monitoring fee in addition to the AUM fee, until the agreed-upon household assets under management are met. This monthly fee may be waived at Worthen's discretion once the AUM minimum is reached. Financial planning is offered through a subscription program for $249/month. A one-time fee of $750 is required for access to a self-preparation will or trust software.
Areas of Practice
Location
104 Melody Lane, Friendswood, TX, 77546
