Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right
Loading
Tap on the profile icon to edit
your financial details.

National Asset Management Review

Your Details Done
by Updated

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.

National Asset Management provides investment advice through affiliated independent advisory representatives (IARs). In other words, you may not directly work with an employee of National Asset Management when you sign up with the firm. Instead, you may work with an advisory affiliate that the firm is partnered with.

This is a fee-based firm, which means some advisors can earn compensation beyond just client-paid fees. A fee-only firm, on the other hand, earn all compensation from their own clients.

National Asset Management Background

National Asset Management established its business in 1994. Based in Boca Raton, Florida, it is a wholly owned subsidiary of the National Holdings Corporation.

National Asset Management Client Types and Minimum Account Sizes

National Asset Management works with individuals above and below the high-net-worth threshold, trusts, estates, business entities, private funds and qualified pension and profit-sharing plans. 

Minimum account sizes vary, depending on the IAR you work with and the programs you enroll in.

Services Offered by National Asset Management 

IARs associated with National Asset Management generally provide ongoing investment management and financial planning services. In most cases, clients may impose reasonable restrictions on these investment portfolios. Some advisors may also offer services outside of what National Asset Management provides.

National Asset Management Investing Philosophy

Investment philosophies run the gamut depending on the IAR you work with. In general, though, an IAR provides investment advice tailored to your individual risk tolerance and long-term objectives. To diversify your portfolios, they may turn to various security types and asset classes. These may include:

  • Mutual funds
  • Exchange-traded funds (ETFs)
  • Equities
  • Options
  • Fixed income securities
  • Structured notes
  • Interests in partnerships such as real estate and oil and gas 

Fees Under National Asset Management 

Management fees depend on the investment program and are generally charged as a percentage of assets under management (AUM). Your IAR will provide their fee schedule to you, though the firm's Portfolio Advisor Program does use a specific fee schedule, which is below.

Portfolio Advisor Program Fee Schedule
AUM Maximum Annual Fee
First $250,000 2.75%
Next $750,000 2.50%
Above $1,000,000 2.00%

Accounts may also incur certain charges from custodians, brokers and third-party investment managers. National Asset Management directly deducts its fees quarterly and in advance. 

What to Watch Out For

National Asset Management reported 18 disclosures on the Form ADV it filed with the Securities and Exchange Commission (SEC). Three of these disclosures apply to the firm directly, while the other 15 are attributed to various advisory affiliates. Two of these three disclosures are regulatory in nature, while the last one is a civil judicial action disclosure.

National Asset Management IARs may also be registered representatives and/or licensed insurance agents. These dual roles may present potential conflicts of interest due to extra commissions earned. That said, National Asset Management is required to serve in a fiduciary capacity. This means it must provide advice in your best interest.

Opening an Account With National Asset Management

If you want to become a client of National Asset Management, simply call the firm at (561) 981-1000 or fill out the contact form on its website.

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

Tips for Finding the Right Financial Advisor

  • You may not know where to start the process of choosing a financial advisor. However, finding a qualified 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.
  • Want an advisor who doesn’t receive sales commissions? In the industry, that’s what’s called a “fee-only” advisor.

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