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ML&R Wealth Management Review

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ML&R Wealth Management, registered in 2000, serves 6 state(s) with a licensed staff of 15 advisors. ML&R Wealth Management manages $1.5 billion and provides investment advisory services for 611 clients (1:41 advisor/client ratio).



Firm Information


Summary Firm
Overall Rating
Minimum Investment $1,000,000
Average Client Balance $2,458,544
Total AUM $1.5 billion
Advisor / Client Ratio 1:41
Languages Offered English, Spanish
Specialities Established Professionals, Women Professionals, Non-Profits, Private Foundations, Business Owners
Clientele We serve high-net-worth serves individuals, families, business owners, and non-profit organizations
Website Visit Site
Phone Number 512-275-2700
Headquarters Austin, TX
Locations See locations
Facebook Visit Profile
Twitter stuartvicksmith
LinkedIn Visit Profile
SEC Filings View SEC IAPD CRD #109359

Investment Philosophy


ML&R Wealth Management looks at an individual's goals to understand what is most important to them. We then focus our efforts to achieve diversification, control costs, and manage appropriate levels of risk to figure out the best plans moving forward. Our philosophy is rooted in academic research and incorporates long-term investment strategies into their personal finances.



Disciplinary Questions


After checking the disciplinary records of ML&R Wealth Management, our system found no disciplinary questions to ask. Checks take place monthly.



Conflict Questions


After checking the regulatory records of ML&R Wealth Management, our system has identified the following question(s) to ask. Learn more.


Does ML&R Wealth Management offer mutual funds that have 12b-1 fees?


12b-1 fees increase the total annual cost of owning a mutual fund with no guarantee of higher returns. Some firms receive these fees as payments, which creates an incentive to promote them.


Does ML&R Wealth Management offer products that have performance-based fees, or does it accept performance-based fees? Will any of my assets be invested in those products?


When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. For instance, research has shown that mutual funds that use incentive fees take on more risk that funds that do not, and tend to double down and increase their risk following a poor performance. This could be detrimental to a client during down markets.


Does ML&R Wealth Management perform side-by-side management? How does ML&R Wealth Management mitigate conflicts that arise from managing accounts with differing fee structures?


This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Side-by-side management can create an incentive for the advisor to favor the larger funds, potentially leading to unequal trading costs and unfavorable trade executions for their retail clients.


Which securities does ML&R Wealth Management trade for itself that it will also be recommending to me?


ML&R Wealth Management has marked in their disclosures that they trade recommended securities. While this often can be seen as "eating your own cooking," there are several inherent conflicts that can arise. For example, front running is when a financial professional buys or sell securities ahead of their client. In short, any financial professional should disclose all positions they hold (or have sold short) that they will also be recommending to you.


Our system found no other conflict questions to ask. Checks take place monthly.



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Disciplinary History


An important aspect of the Trust Algorithm is processing the SEC Form ADV Part 1 filing of each Registered Investment Advisor (RIA). “Item 11 Disclosure Information” contains a list of valuable disclosures that are relevant for Americans.

As identified in SEC Form ADV Part 1, Item 11 “Disclosure Information”, the Trust Algorithm identified the following disciplinary disclosures for ML&R Wealth Management:




Cost


Unfortunately, there is no single, uniform pricing standard for working with a financial advisor. Catchphrases, including "fee-only," can be helpful; however, Americans often get confused with competitors promoting "fee-based" in response. To learn more, explore our series of articles about what financial advisors do and what it may cost to work with one, as well as what their titles mean and how to make a smart choice.

Ultimately, to understand the underlying costs of advisory services, we always recommend asking for an itemized fees breakdown and reading the firm's ADV Part 2 Brochure (Item 5, "Fees and Compensation").


View Fee Disclosures




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This automated report was generated using SEC and FINRA data and was last updated on October 4th, 2022*. For data support, email "support@investor.com". Views: 83 (trailing six months). Firms that receive a 4.5 or 5-star rating are considered Trusted by investor.com. Learn more.


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