MRA Wealth Management
No commissions. Fee-based advice.
“An investment in knowledge pays the best interest.”
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MRA Wealth Management
Annual Fee range 0.40% – 2.00%
Investment Advisory Services provided for an annual fee based on the total assets in the accounts under management and case complexity. Case complexity is determined by a combination of meetings per year, number of goals and net worth structure. Service includes:
- Dedicated Financial Advisor. Most of our advisors have over 20 years of industry experience.
- Asset allocation / portfolio construction advice for investments under management by MRA
- Investment policy statement and full access to MRA Investment Committee’s portfolio holdings
- 401k / 403B investment advice and trading through RetirementBuilder service
- Number of meetings/check-ins per year: typically from TWO to FOUR (based on your situation).
MRA Investment Committee
MRA Investment Committee (“IC”) is responsible for the management process of the firm’s WealthBuilder Risk Managed Portfolios (Exchange Traded Funds – ETFs) and Strategic Opportunity Portfolio (all stock portfolio). Most investment committee members have over 20 years of financial services experience in managing portfolios on behalf of clients.
The IC employs a top-down approach to the investment management process and divides the investment portfolio approach into “core” (traditional asset allocation) and “explore” (tactical asset allocation) holdings. As clients move up in risk from one portfolio to another, their “explore” allocation increases compared to their “core” allocation. Some examples of an “explore” holding include clean energy, cloud computing, online retailers, while “core” holdings may include the S&P 500, the Nasdaq index or the Barclays aggregate bond index. This approach is key in the IC’s effort to generate better investment outcomes for clients given each level of portfolio risk. In addition, the IC reviews all portfolio allocations on a quarterly basis or as needed. Prior to each IC meeting, each IC member does their own due diligence on each existing holding in all of our portfolios. The member then makes a recommendation to either hold, sell, increase or decrease the position. The member offers their reasoning to the rest of committee. Two thirds of the committee must agree on a given action prior to any action being put into motion.
Paul S. Plemenos
Director of Wealth Management
Marco Lima, CFP®
CEO, Wealth Advisor
Beth P. Wahlig
Director of Socially Responsible Investing