Argent Wealth Management, Inc.

Wealth Management Service

This service includes:

  • Development of a Comprehensive Financial Plan.
  • Ongoing support to the Client for the Comprehensive Financial Plan including: 1. Implementation and maintenance of the Investment Plan, and 2. Coordination with the Client’s insurance professionals, tax advisors, and attorneys to facilitate the achievement of the Client’s insurance, tax, and estate planning objectives.
  • Reports of investment account balances, holdings, performance, portfolio income, and realized gains & losses.  Reporting frequency is quarterly for the first four full calendar quarters of the engagement and then semiannually after that.  Client has option to maintain quarterly reporting frequency after the first full year for a higher fee (see below).
  • The minimum term of agreement for the Wealth Management Service is four full calendar quarters.


The components of the Comprehensive Financial Plan are (as applicable to the Client):

  • Statement and review of current financial position.
  • Cash flow and debt management plan.
  • Investment Plan, including: 1. Establish quantified financial goals (retirement, education, etc.), 2. Develop an Investment Policy Statement detailing the Client’s investment philosophy, risk tolerance, and target asset allocation, and 3. Provide specific investment recommendations for all accounts.
  • Risk management review, including: 1. Life insurance, 2. Health and disability insurance, 3.Property and casualty insurance, 4. Excess liability insurance, and 4. Long-term care insurance.
  • Income tax review.
  • Estate plan review.


Notes:

  • The Advisor cannot offer accounting or specific tax advice.  The income tax review is intended to identify planning opportunities in conjunction with the Comprehensive Financial Plan.  Any suggestions made should be discussed with a tax advisor prior to implementation.
  • The Advisor is not an attorney and cannot offer legal advice or prepare legal documents.  The estate plan review is intended to help identify gaps and/or planning opportunities only.  Any suggestions made should be discussed with an attorney prior to implementation.
  • The Comprehensive Financial Plan may be delivered in various formats (email, spreadsheet, PDF, hard copy, etc.) and in separate components (e.g. Investment Plan, life insurance review, tax review, etc.).  Wealth Management Clients will not receive a consolidated printed copy of the Comprehensive Financial Plan unless they specifically request it.


The Wealth Management Service fee consists of two parts:

  1. A flat financial planning fee of $5,000 per year, billed quarterly in advance, for the first four full calendar quarters (prorated for any partial quarters prior to the first full calendar quarter).  After the first four full calendar quarters the fee is reduced to $3,500 per year, billed quarterly in advance, unless the client elects to maintain a quarterly reporting frequency in which case the $5,000 per year financial planning fee is maintained.
  2. A variable investment management fee of 0.25% of the Investment Portfolio per year, billed quarterly in advance. The initial Investment Portfolio value is calculated using account values as near to the start date as possible and then recalculated annually based on year-end account values.  The recalculated variable investment management fee applies for four quarters starting with the next billing after recalculation.


The Investment Portfolio includes:

  • Taxable investment accounts (e.g. individual, joint, trust) excluding: 1. Employer stock plan accounts (restricted stock units (RSUs), employee stock purchase plan (ESPP), and stock options), and 2. Accounts holding only money market mutual funds.
  • Individual retirement accounts (IRAs) including Traditional, Rollover, Roth, SEP, SIMPLE, and Inherited.
  • Individual 401k accounts.
  • Employer defined contribution plans (e.g. 401k, 403b, 457, 401a).
  • Employer deferred compensation plans.
  • 529 college savings accounts.
  • Variable annuities.
  • Note: Occasionally specific accounts that would otherwise be included as part of the Investment Portfolio may be excluded upon mutual agreement of the Client and the Advisor.



Investment Advisory Service

This service includes:

  • Development of an Investment Plan.
  • Ongoing support to the Client for the implementation and maintenance of the Investment Plan.
  • Reports of investment account balances, holdings, performance, portfolio income, and realized gains & losses. a) Reporting frequency is quarterly for the first 4 full calendar quarters of the engagement and then semiannually after that. For example: a new Client as of 3/1 would receive quarterly reports as of 6/30, 9/30, 12/31, and 3/31, and semiannual reports (6/30 and 12/31) thereafter. b) Client has option to maintain quarterly reports after the first full year for a higher fee (see below).
  • The minimum term of agreement for the Investment Advisory Service is four full calendar quarters.


This service includes:

  • Development of an Investment Plan.
  • Ongoing support to the Client for the implementation and maintenance of the Investment Plan.
  • Reports of investment account balances, holdings, performance, portfolio income, and realized gains & losses.  Reporting frequency is quarterly for the first four full calendar quarters of the engagement and then semiannually after that.  Client has option to maintain quarterly reports after the first full year for a higher fee (see below).


The components of the Investment Plan are:

  • Establish quantified financial goals (retirement, education, etc.)
  • Develop an Investment Policy Statement detailing the Client’s investment philosophy, risk tolerance, and target asset allocation.
  • Provide specific investment recommendations for all accounts.


The Investment Advisory Service fee consists of two parts:

  • A flat financial planning fee of $3,500 per year, billed quarterly in advance, for the first four full calendar quarters (prorated for any partial quarters prior to the first full calendar quarter).  After the first four full calendar quarters the fee is reduced to $2,500 per year, billed quarterly in advance, unless the client elects to maintain a quarterly reporting frequency in which case the $3,500 per year financial planning fee is maintained.
  • A variable investment management fee of 0.25% of the Investment Portfolio per year, billed quarterly in advance. The initial Investment Portfolio value is calculated using account values as near to the start date as possible and then recalculated annually based on year-end account values.  The recalculated variable investment management fee applies for four quarters starting with the next billing after recalculation.


The Investment Portfolio includes:

  • Taxable investment accounts (e.g. individual, joint, trust) excluding: 1. Employer stock plan accounts (restricted stock units (RSUs), employee stock purchase plan (ESPP), and stock options), and 2. Accounts holding only money market mutual funds.
  • Individual retirement accounts (IRAs) including Traditional, Rollover, Roth, SEP, SIMPLE, and Inherited.
  • Individual 401k accounts.
  • Employer defined contribution plans (e.g. 401k, 403b, 457, 401a).
  • Employer deferred compensation plans.
  • 529 college savings accounts.
  • Variable annuities.
  • Note: Occasionally specific accounts that would otherwise be included as part of the Investment Portfolio may be excluded upon mutual agreement of the Client and the Advisor.



Financial Consulting Service

This is an hourly service at $300/hour providing:

  • Advice on specific financial issues and/or,
  • Coaching or validation in addressing a particular financial topic.


For Financial Consulting Service engagements, Advisor will provide Advice and/or Coaching or Validation in addressing applicable financial topics based on information provided by Client. Client will use their best efforts to provide information promptly to Advisor to facilitate the engagement. Client acknowledges that when four months have elapsed from the date they sign this agreement, if the information provided is incomplete, Advisor will provide recommendations to the extent information is available and the engagement will be considered complete. At that time, any remaining unpaid fees will be due by the Client.


The Financial Consulting Service does not include ongoing monitoring of the Client’s personal circumstances, financial objectives, investment portfolio, or plan implementation to make sure the recommendations given at the time of the engagement remain appropriate for the Client.  Clients seeking ongoing monitoring of their personal circumstances, financial objectives, investment portfolio, and/or plan implementation should consider the Wealth Management Service or the Investment Advisory Service.