Money Concepts Capital Corp is a broker-dealer and financial advisory firm that's headquartered in Palm Beach Gardens, Florida. The firm currently has billions in assets under management (AUM) thousands of clients. As a result, the firm also has an large team of on-staff financial advisors.
Clients of Money Concepts Capital Corp are mainly individuals, though the firm also has an institutional client base. Its advisory services include a selection of financial planning services and investment portfolio management services.
Money Concepts Capital Corp Background
Money Concepts Capital Corp first opened its doors for business in 1991. When providing investment advisory services, the firm also operates under the name Money Concepts Advisory Service, which is a division of Money Concepts Capital Corp. The firm is registered in all 50 states and Washington, D.C., and it is under the direct ownership of Money Concepts International, Inc. and indirect ownership of World Investment Network, Inc.
The executive team at this firm is led by president and CEO Denis Walsh. Walsh and his colleagues hold a number of advisory certifications, including certified financial planner (CFP), certified estate planner (CEP), certified fund specialist (CFS) and more.
Money Concepts Capital Corp Minimum Account Sizes and Client Types
The client base at Money Concepts Capital Corp is dominated by individuals below the high-net-worth threshold. The firm does have a few high-net-worth individual clients too, though, and it also works with pension and profit-sharing plans, banks and corporations.
Depending on the program and strategy you subscribe to, this firm's minimum account size requirements vary from $10,000 all the way up to $1 million. These minimums are subject to negotiation at the discretion of the firm.
Services Offered by Money Concepts Capital Corp
Money Concepts Capital Corp is a broker-dealer, but it also provides clients with investment portfolio management and financial planning services. Financial planning services may cover a wide variety of topics, like:
- Discussion and review of financial goals
- Implementation of financial strategies
- Cash flow and budget review
- Retirement planning
- Education planning
- Investment review
- Risk analysis
- Trust, wealth transfer and estate planning
- Tax planning
Investment management services are provided through a multitude of programs, strategies and model portfolios. The firm's four main programs feature different strategies and models, but they are:
- Guided Portfolio Solutions Program
- Managed Allocation Program
- MAP Advisor Assisted Program
- Guided Portfolio Solutions Program - Retirement Plan Network
- World Class Pension Program
Through the "Guided Portfolio Solutions Program - Retirement Plan Network" service, the firm offers retirement plan consulting for both plan administrators and participants.
Money Concepts Capital Corp Investment Philosophy
Money Concepts Capital Corp looks to work with each client to determine their individual investment and financial goals. In addition to this, the firm will look at their time horizon, tolerance for risk and any investment restrictions they might have. Based on these findings, a specific strategy will be chosen for them.
Since there are so many platforms and strategies available at the firm, there isn't a single, overarching philosophy at play, nor are there specific types of investments used across every platform. That said, advisors tend to use both fundamental and technical methods of analysis to help inform their investment decisions. They also place an emphasis on using strategic asset allocation and modern portfolio thoery (MPT) principles to help drive growth in clients' portfolios.
Fees Under Money Concepts Capital Corp
When it comes to investment management, there are many different fee schedules that the firm abides by. Fees can vary significantly depending on the platform or strategy that's used. The Guided Portfolio Solutions Program typically charges an annual rate of up to 2%, whereas the Managed Allocation Program has a more in-depth fee schedule.
| Managed Allocation Program Fee Schedule | |
| Portfolio Value | Quarterly Fee |
| $10K - $50K | 0.45% |
| $50K - $100K | 0.40% |
| $100K - $500K | 0.3750% |
| $500K - $1MM | 0.3125% |
| $1MM and up | 0.25% |
The firm's MAP Advisor Assisted Program has its own fee schedule too.
| MAP Advisor Assisted Program Fee Schedule | |
| Portfolio Value | Quarterly Fee |
| $10K - $1MM | 0.325% |
| $1MM - $3MM | 0.25% |
| $3MM - $5MM | 0.225% |
| $5MM - $10MM | 0.1875% |
| $10MM and up | 0.15% |
In general, fees are calculated and charged on a quarterly basis, in advance. The firm does not charge performance-based fees, and fee rates may be negotiated on a client-to-client basis.
The financial planning services at this firm are typically contracted for a year at a time. The minimum fee for these services is $250 per quarter. However, specific fees are determined for each client individually.
Learn more about advisors' typical costs here.
What To Watch Out For
Money Concepts Capital Corp has several regulatory and civil judicial disclosures listed on its Form ADV. These disclosures relate to a wide variety of infractions, such as regulatory and legal violations, failure to report and failure to comply with certain standards. For more information, see the firm's Form ADV.
Money Concepts Capital Corp is a registered broker-dealer, and many of its advisors are also registered insurance agents. This makes the firm fee-based, as these advisors can receive commissions in addition to standard advisory fees. Despite the potential conflict of interest that arises from this, the firm is a fiduciary, which legally obligates it to act in the best interests of clients at all times.
Opening an Account with Money Concepts Capital Corp
If you're interested in opening an account with Money Concepts Capital Corp, you can either call (561) 472-2000 or visit its website and fill out a contact form.
All information is accurate as of the writing of this article.
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