Vision2020 Wealth Management Corp.
Located in Phoenix, Vision2020 Wealth Management Corp. has billions of dollars in assets under management (AUM). Vision2020 Wealth Management's advisory services are offered through a network of investment advisor representatives (IARs) who serve both individual clients and individual investors.
As a fee-based firm, some IARs may earn commissions for selling or recommending securities or insurance. This is a different fee structure from a fee-only firm, whose revenue comes solely from the fees that clients pay, not third-party commissions.
Vision2020 Wealth Management Background
The firm does not have a website, so information about it is limited. The practice registered with the SEC and a number of states in 2010. Vision2020 is a subsidiary of Advisor Group, Inc., a wholly-owned subsidiary of Advisor Group Holdings, Inc.
A consortium of investors primarily owns Advisor Group Holdings through RCP Artemis Co-Invest, L.P. That group of investors includes RCP Genpar Holdco LLC, RCP Genpar L.P., RCP Opp Fund II GP, L.P., and The Berliniski Family 2006 Trust.
Vision2020 Wealth Management Client Types and Minimum Account Sizes
The minimum to open an account varies based on account type. A $5,500 minimum applies to the firm's advisor-managed account program.
With relatively low minimums, it’s no surprise then that the vast majority of clients do not have a high net worth. Specifically, there are almost 82,000 of them versus the nearly 15,000 who do have a high net worth.
In addition to individuals, the firm works with pension and profit-sharing plans, charitable organizations, corporations, local governments, banks and other business entities.
Services Offered by Vision2020 Wealth Management
Vision2020 offers the following services and programs:
- Discretionary portfolio management
- Separately Managed Accounts (SMA)
- Genesis Model Portfolios Accounts (GMPAs)
- Unified Managed Accounts (UMAs)
- Strategist UMA (SUMA)
- Tax management: Clients can have the following services added to their accounts:
- Tax-sensitive overlay: Using predefined parameters, this service employs a rebalancing process using tax-aware portfolio management techniques to better maximize after-tax returns.
- Tax management service: Using more customizable parameters, this service seeks to control the realization of large unrealized gains of an account.
- SRI screens
- Socially Responsible Investing screen is an available option to attach to an account
Vision2020 Wealth Management Investing Philosophy
Vision2020 doesn’t follow one specific strategy. Instead, it seeks to provide any strategy appropriate to a client’s needs and preferences. It does this by outsourcing portfolio management to third parties.
Fees Under Vision2020 Wealth Management
All fees for services at the firm are negotiable. The program fee includes the investment manager’s fee, which is up to an annual 1.4%, and the custodian’s fee. The total fee will not exceed 2.75% of assets under management (AUM).
What to Watch Out For
Vision2020 reported one disclosure last year related to an advisory affiliate but has not reported any disclosures in its most recent SEC filings.
As noted earlier, your Vision2020 IAR may also be a broker-dealer representative who receives commissions on transactions. This means he or she may have more conflicts of interest than an advisor who only provides investment advice and management. That said, as an SEC-registered investment advisor, Vision2020 is legally obligated to work in clients’ best interests as a fiduciary. (As brokers, they must only make suitable recommendations.)
Additionally, the firm does not offer financial planning. If you are seeking guidance on financial matters that do not involve investing per se (such as estate planning) or want a one-time financial plan, use SmartAsset’s financial advisor tool to find someone who better fits your needs.
Opening an Account With Vision2020 Wealth Management
If you are interested in opening an account with Vision2020 Wealth Management, call the firm directly at (800) 552-3319 since it does not operate a website.
All information was accurate as of the writing of this article.
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