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360 Wealth Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

As described on its website, the number 360 represents the firm's mission to provide wealth management that encompasses 360 degrees of each client's life. 360 Wealth Management, which is also known as Advisor Resource Council, is a financial advisor firm headquartered in Dallas, Texas. The firm primarily works with individuals, but it also offers its services to retirement plans, corporations and charitable organizations. It has a plethora of financial planning and investment management offerings.

While 360 Wealth Management employees some of its own financial advisors, it also does business with independent advisors, known as investment advisor representatives (IARs). This firm is a fee-based advisory operation, which means that it doesn't earn income solely from client fees - certain members of its staff can also earn commissions for selling insurance products and securities. 

 

360 Wealth Management Background

360 Wealth Management was founded in 2012, and ownership of the firm is split evenly between three employees: principals Chad Atkins and Brandon Day and chief compliance officer (CCO) Sarah Pais. Altogether, these individuals have about 50 years of experience in the investment and advisory industries.

Certifications earned by advisors at the firm include certified financial planner (CFP), chartered life underwriter (CLU) and accredited investment fiduciary (AIF). The IARs in the firm's network hold a range of certifications and designations.

360 Wealth Management Client Types and Minimum Account Sizes

Individuals below the high-net-worth threshold constitute the vast majority of 360 Wealth Management's clients. The remainder of this client base consists of high-net-worth individuals, pension plans, charitable organizations and corporations.

Depending on the program you subscribe to, your minimum investment requirement will vary:

  • Asset management programs
    • Cheval: $25,000 - $67,000
    • Disciplined Momentum: $10,000
    • ARC ETF and Mutual Fund Models: $5,000
    • SMART: $10,000
  • LPL Financial programs
    • Manager Access Select Network (MAN): $100,000
    • Optimum Market Portfolios (OMP): $10,000
    • Personal Wealth Portfolios (PWP): $250,000
    • Model Wealth Portfolios (MWP): $25,000
    • Guided Wealth Portfolios (GWP): $5,000

Services Offered by 360 Wealth Management

360 Wealth Management offers a fairly wide range of services to its clients. These include:

  • Wealth management
    • Risk-adjusted investment management
    • Financial planning
      • Cash management
      • Retirement planning
      • Risk management
      • Estate planning
      • Tax planning
  • Integrated specialty services
    • Charitable giving
    • Client education
    • Legal services
    • Banking/credit services
    • Insurance planning
  • Corporate retirement plan management

360 Wealth Management Investment Philosophy

360 Wealth Management begins the investment management process by identifying the individual objectives of each client, as well as their time horizon, risk tolerance and income needs. The firm encourages every client to adopt a long-term perspective and consider investing for at least five years. After the client's needs have been established, the firm uses fundamental risk analysis to determine an asset allocation that makes sense for them.

360 Wealth Management also advises its clients that the consistent implementation of both investment strategies and financial plans are just as important as the formulations of those strategies and plans.

360 Wealth Management Fees

Advisory fees for investment management services from 360 Wealth Management vary depending on the size of your account and complexity of your needs. These charges are based on a wrap fee program, meaning all advisory, transaction, custodian and other fees are combined into a single rate. Fees are billed in arrears on a monthly, quarterly, semi-annual or annual basis.

360 Wealth Management Fees
AUM Maximum Annual Fee Rate
Up to $499,999 2.75%
$500K - $999,999 2.50%
$1,000,000 - $1,999,999 2.25%
$2,000,000 - $4,999,999 2.00%
$5,000,000+ 1.75%

For financial planning services, the fee may be a fixed amount or based on the client’s gross annual income. Half of the fee will be paid when the client accepts the client services agreement, and the other half will be paid once the firm presents the completed plan. 

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at 360 Wealth Management*
Your Assets 360 Wealth Management Fee Amount
$500K $12,500
$1MM $22,500
$5MM $87,500
$10MM $175,000

What to Watch Out For

360 Wealth Management has no disclosures listed on its Form ADV. However, some of the advisors at 360 Wealth Management act as insurance agents and registered representatives of a broker-dealer. Because of these affiliations, these advisors have the ability to sell clients certain insurance products and securities for a commission.

While this presents a potential conflict of interest, the firm and each of its advisors and IARs abide by fiduciary duty. This legally binds them to act in clients' best interests no matter what.

Opening an Account With 360 Wealth Management

There are a few different ways you can get in touch with 360 Wealth Management. You can visit the firm’s website and fill out the contact form with your name, email address and a short message. You can also call the firm at (913) 491-0500.

Tips to Help You Plan for Retirement

  • Finding the right financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • Don’t forget to include Social Security payments in your retirement income calculations. If you’re unsure of how much you’re likely to receive from the government, check out SmartAsset’s Social Security calculator.

All information is accurate as of the writing of this article.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research