FAQs

*Assuming 5% annualized hypothetical growth of 500k portfolio vs 8% hypothetical annualized growth of advisor-managed portfolio over 25 years. Based on a 2022 Vanguard study titled, “Putting a value on your value: Quantifying Vanguard Advisor’s Alpha” implementing Vanguard’s Advisor Alpha framework can add up to, or even exceed, 3% net of returns. Click here to access the full research report in its entirety.

The information contained above is for illustrative purposes only. The above targets are estimates based on certain assumptions and analysis made by the advisor. There is no guarantee that the estimates will be achieved. All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.

Frequently Asked Questions

What are the fees for Renew Wealth Management?

The annual fee starts at 1% of assets and decreases at higher asset levels (see chart). Enrollment minimum is $500,000. Fees for your enrolled account are based on daily asset levels and are applied at the end of each month. There are no withdrawal fees. We are a fee-only advisor, meaning we do not earn commissions. Our fees are based on a percentage of assets under management along with fixed rates for financial plans.

Billable Assets	Fee Schedule
First $2 million*	1.00%
Next $3 million (more than $2M up to $5M)	0.80%
Next $5 million (more than $5M up to $10M)	0.70%
Next $15 million (more than $10M up to $25M)**	0.60%
Assets over $25 million	0.50%

Additional Services	Cost
Comprehensive Financial Plan Includes detailed retirement, tax, investment and estate plan. Includes 4 hours of financial consultation to include implementation steps.	$1,700
Estate Planning & Preparation (Unlimited Access)
Our best-in-class estate planning document offering includes: Individual Revocable Trusts (i.e., Living Trusts): Includes a Pour-Over Will, Nomination of Guardianship, Tangible Personal Property List (if applicable), General Assignment, Certificate of Trust, Schedule of Property, and Wealth’s proprietary Trust Owner’s Manual Last Will & Testament: Includes a Nomination of Guardianship, Tangible Personal Property List (if applicable), and Wealth’s proprietary Will Manual Advance Health Care Directive: Includes HIPAA Authorization	$820
Our best-in-class estate planning document offering includes: Review of current Estate Documents. Access to Amend Revocable Trust Individual and Joint Revocable Trusts (i.e., Living Trusts): Includes a Pour-Over Will, Nomination of Guardianship, Tangible Personal Property List (if applicable), General Assignment, Certificate of Trust, Schedule of Property, and Wealth’s proprietary Trust Owner’s Manual Last Will & Testament: Includes a Nomination of Guardianship, Tangible Personal Property List (if applicable), and Wealth’s proprietary Will Manual Advance Health Care Directive: Includes HIPAA Authorization Financial Power of Attorney Nomination of Guardianship Detailed Estate Tax Analysis & Strategy	$1,490

*Subject to a minimum annual fee of $6,000
** Tax filing and Estate Planning to include creation of, updating, drafting or answering questions provided at no additional cost.

Will householding reduce my total advisory fee?

Typically yes, by linking accounts the combined assets will reach our tiered fee schedule breakpoints faster. This can reduce your household's overall effective advisory fee.

Do you only work with individuals in the local DC metro area?

We work with clients nationwide as well as globally, as long as they are U.S. citizens or permanent U.S. residents. Our services leverage secure digital communication tools to provide comprehensive financial services remotely, allowing us to assist clients regardless of their location. In some cases, we also travel to meet clients in person when necessary or preferred.

What makes your firm different than traditional financial advisors?

Our firm stands out from traditional financial advisors by initiating our process with a tax-centric analysis first, which forms the foundation for developing a legal tax reduction or minimization strategy combined with wealth management. We specialize in serving Executives, Veteran Entrepreneurs, Political officials, and Federal Employees, offering comprehensive wealth management expertise to address their complex financial needs. Our uniquely tailored services are further enhanced by our founder holding an active Top Secret with Sensitive Compartmented Information (TS/SCI) clearance, providing an added layer of understanding for clients with sensitive positions.

Are you a fiduciary advisor?

Yes, as a Registered Investment Advisor we adhere to fiduciary standards, meaning we are legally required to put your interests first in all advice and recommendations.

Where is my money kept?

In our advisory role, we never take custody of client assets. We utilize Charles Schwab & Co., Inc. and Altruist as the custodian of client accounts and as our primary broker. Our relationship with Charles Schwab & Co., Inc. and Altruist Financial LLC is an arm’s length transaction with no exchange of funds between Charles Schwab & Co., Inc., Altruist Financial LLC and us. When your account is established with Charles Schwab & Co., Inc. or Altruist Financial LLC, you provide us with limited trading authorization on your account. This authority allows us to process trades directly in client accounts.

How do I begin?

Typically, we only need a copy of your most recent account statement and your signatures on a few forms. We will take care of setting up your new account and transferring your assets.

What branch of service did your Founder serve in and what was his Military Occupational Specialty (MOS)?

He served in the US Army National Guard for over 20 years. His primary MOS was Air Defense Artillery Officer (14A) and secondary was Signal Officer (25A).

I'm a Navy veteran. Does the Founder root against Navy football when they play Army each year?

While the Founder has immense respect for the Naval Academy and their football program, he admits he may get a bit animated rooting for his Army Black Knights during the classic Army-Navy rivalry game each year. But he promises that when it comes to objectively managing finances, any team allegiances are left off the field. We take pride in serving veterans from all military branches with the utmost dignity and respect.