Modern Wealth Management, LLC
Assets Under Management
$6.1B
Number of Clients
6,716
Number of Advisors
106
Average Client AUM
$916K
AUM per Advisor
$58.0M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
MWM offers discretionary investment management services for a fee based on AUM. They provide an inclusive combination of services related to investment management, tax planning, financial planning, risk management planning, and estate planning. MWM also offers 3(38) investment management services for employer-sponsored plans.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $500K | 1.50% |
| $500K - $1000K | 1.25% |
| $1.0M - $3.0M | 1.00% |
| $3.0M - $5.0M | 0.75% |
| $5.0M - $10.0M | 0.65% |
| $10M+ | 0.55% |
Fees are negotiable and may be lower than the standard schedule.
Fee Estimator
MWM charges an annual fee based on a percentage of assets under management, as detailed in the fee table. These fees are negotiable and may be lower than the standard schedule. Clients may also be charged a negotiated annual flat fee rate. Financial planning fees range from $2,500 to $10,000 for clients who decline investment management services. Third-Party Money Manager fees may be in addition to MWM's fees, typically ranging from 0 to 100 basis points annually.
Areas of Practice
Location
13550 W 95th St., Lenexa, KS, 66227
