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How does the advisor help clients – Key Takeaways:
Berenz Wealth Management, LLC is dedicated to helping clients achieve their financial goals through personalized and comprehensive wealth management services. With a team of experienced and qualified financial experts, the firm offers a range of services to meet the unique needs of each client.
- Personalized approach: Berenz Wealth Management, LLC understands that each client has their own financial goals and needs. They provide personalized financial plans and strategies to help clients achieve their specific goals.
- Holistic approach: In addition to traditional investment management services, the firm also offers comprehensive financial planning, retirement planning, estate planning, and tax planning services. This holistic approach ensures that all aspects of a client’s financial well-being are taken into consideration.
- Continued support: Berenz Wealth Management, LLC maintains a close relationship with clients to provide ongoing support and monitoring of their financial plans. This includes regular reviews and updates as needed to ensure that clients stay on track towards achieving their goals.
Facts and Insights
Berenz Wealth Management, LLC is a registered investment advisor (RIA) with the Securities and Exchange Commission (SEC). This means that they are held to a fiduciary standard, which requires them to always act in the best interests of their clients.
The firm serves clients in 35 states and manages over $500 million in assets. They have a team of 12 advisors, with a combined experience of over 100 years in the financial industry.
Assets Under Management, Number of Advisors and Time in Business:
| Assets Under Management (AUM) | Number of Advisors | Time in Business |
|---|---|---|
| $500 million | 12 | Over 100 years |
Financial Services Offered
Berenz Wealth Management, LLC offers a range of financial services to help clients build and protect their wealth. These services include:
- Investment management: The firm creates customized investment portfolios based on a client’s risk tolerance, financial goals, and preferences.
- Financial planning: Berenz Wealth Management, LLC helps clients develop comprehensive financial plans to address their short-term and long-term financial goals.
- Retirement planning: The firm assists clients in planning for a financially secure retirement through strategies such as risk management, tax planning, and income planning.
- Estate planning: Berenz Wealth Management, LLC helps clients create an estate plan that ensures their assets are distributed according to their wishes and minimizes estate taxes.
- Tax planning: The firm works with clients to develop tax-efficient investment strategies and minimize their tax liability.
Client Types
Berenz Wealth Management, LLC serves a diverse range of clients, including individuals, families, trusts, and small businesses. They have experience working with clients at different stages of their financial journey, from young professionals to retirees.
Fees & Compensation
Berenz Wealth Management, LLC charges a fee based on a percentage of assets under management. This fee is typically 1% or less, depending on the size of the client’s portfolio. The firm believes in transparent and fair compensation, and does not receive any commissions or third-party fees for recommending specific financial products.
Background
Berenz Wealth Management, LLC was founded in 2005 by John Berenz, a Certified Financial Planner (CFP) with over 30 years of experience in the financial industry. The firm is headquartered in Milwaukee, Wisconsin and has satellite offices in other parts of the country to better serve their clients.
Financial Advisor Disclosures to Know
As a registered investment advisor, Berenz Wealth Management, LLC is required to disclose certain information to clients and potential clients. This may include any conflicts of interest, past legal or disciplinary actions, and the firm’s code of ethics.
Clients can access this information on the firm’s Form ADV, which is filed with the SEC and is available on their website or through the SEC’s website.