Broker Check

Fleet Wealth Fee Structure

Transparent Fee Structure
At Fleet Wealth Management, we understand the issues fees raise. Hence, we offer a simple, transparent, and competitive flat fee based on your portfolio’s size. It is designed to be easy to understand and to put your interests first—with no hidden commissions, extra service charges, or taking any unnecessary risk for hedge-fund-like returns. The only additional fees you may incur are trading fees directly billed by the third-party custodian housing your portfolio. However, we want to keep these fees as low as possible, since our revenue is based on your portfolio’s size.

No Commissions
We believe Fleet Wealth Management's fees are often lower than those charged by other firms. Why? Many asset managers charge commissions on products they sell in addition to management fees. Some, like annuity commissions, can be upwards of 10%! This creates huge conflicts of interests. Often, better and more affordable products exist, but commissioned financial professionals are often incentivized to sell products providing higher returns for them.

Mutually Aligned Interests
Some firms base their fees on performance, claiming it encourages mutually successful investing. But performance-based fees may mean the manager chases short-term returns to maximize fee collections—and shuns proper risk management in the process. Others determine their fees by asset class, presuming bond management should be cheaper. Yet this can encourage a manager to maintain more equity allocation, which may not be appropriate. Both scenarios ignore your personal financial situation and long-term goals. Finally, going totally low cost may seem appealing. But you get what you pay for—often a no-service, do-it-yourself approach. That’s fine if managing your life savings is your forte, you are always cool-headed and rational about markets, and your idea of a splendid retirement is research and management.

When comparing portfolio management services, remember fees misaligned with your interests can jeopardize your retirement goals. That’s why at Fleet Wealth Management we believe a straightforward investment strategy with transparent fees based on the size of your assets is the best way to help clients. When we succeed, our clients succeed.