Merino Wealth Management
Assets Under Management
$49.9M
Number of Clients
102
Number of Advisors
1
Average Client AUM
$489K
AUM per Advisor
$49.9M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Merino Wealth Management manages individually tailored investment portfolios based on client needs and goals. They offer ongoing comprehensive financial planning, covering areas like net worth, cash flow, retirement, insurance, investments, college, tax, and estate planning. They also offer Flourish Cash, an online cash management solution.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $100K | 1.50% |
| $100K - $250K | 1.25% |
| $250K - $1000K | 1.00% |
| $1.0M - $2.0M | 1.00% |
| $2M+ | 0.75% |
The annual fees are negotiable.
Fee Estimator
Investment management fees are based on a percentage of assets under management, ranging from 1.50% on the first $99,999 to 0.75% for household accounts over $2,000,000. These fees are negotiable and are paid monthly in arrears. Financial planning services consist of an upfront charge of $1,000-$1,500 depending on complexity and an ongoing fee that is paid semi-annually in advance, at the rate of $1,000 - $20,000 per year. MWM also receives an admin/service annual fee of 0.10% of the value of the Client’s Flourish Cash account if a Client participates in the cash management program from Flourish. There is no minimum account size requirement.
Areas of Practice
Location
2700 Patriot Boulevard, Suite 250, Glenview, IL, 60026