Cannon Wealth Management Services
Assets Under Management
$213.1M
Number of Clients
403
Number of Advisors
7
Average Client AUM
$529K
AUM per Advisor
$30.4M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Cannon Wealth Management Services provides tailored financial planning and discretionary/non-discretionary investment advisory services. They serve individuals, high net worth individuals, family offices, trusts, estates, private foundations, and qualified retirement plans. Investment strategies utilize mutual funds, ETFs, equity securities, corporate bonds, REITs, private funds/alternative investments, and variable annuities.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $100K | 1.80% |
| $100K - $250K | 1.68% |
| $250K - $500K | 1.55% |
| $500K - $1000K | 1.43% |
| $1.0M - $2.0M | 1.30% |
| $2.0M - $3.0M | 1.18% |
| $3.0M - $4.0M | 1.05% |
| $4.0M - $5.0M | 0.93% |
| $5.0M - $7.5M | 0.80% |
| $7.5M - $10.0M | 0.68% |
| $10.0M - $12.5M | 0.55% |
| $12.5M - $15.0M | 0.42% |
| $15M+ | 0.30% |
CWMS and the client may choose to negotiate an annual advisory fee that varies from the ranges and schedules set forth above.
Fee Estimator
Financial planning fees are fixed, ranging up to $25,000 depending on complexity. Some clients may be subject to hourly fees up to $400. Investment management fees are based on a percentage of assets under management, as detailed in the fee schedule. Fees are incremental, meaning they are charged on a "waterfall" basis. CWMS and the client may negotiate a different annual advisory fee. There is no minimum portfolio size or minimum initial investment to open an account.
Areas of Practice
Location
2160 Country Club Road, Winston Salem, NC, 27104