Few investors realize that there are two sets of standards among advisors. True advisors are bound by a rigorous “fiduciary standard,” which compels them to put their clients’ interests first at all times. Brokers, on the other hand, are salespeople, and they are subject to a far looser rule known as the “suitability standard.” The suitability standard allows brokers to take the size of their sales commission into account when deciding which investment or other financial product to recommend to clients. We believe this creates potential conflicts of interest that clients should avoid.
Fee-only advisors never receive compensation from product manufacturers. Because we get paid the same no matter what they recommend, we are free to make the recommendations we believe are best for you.
What’s more, fee-only advisors are known for taking your whole financial picture into account. Brokers, who earn sales commissions for selling investments or insurance, may be more likely to focus on those products rather than “ancillary” areas like cash-flow management, tax minimization or estate planning.
David G. Niggel, our principal, is deeply committed to enhancing his expertise in order to serve clients better. He is a Chartered Financial Consultant® as well as a Certified Financial Planner™professional. In addition, David earned the AIF® designation from the Center for Fiduciary Studies in 2013. The AIF designation certifies that he has specialized knowledge of the fiduciary standard of client care and of how to apply that knowledge to the investment management process. David holds a bachelor’s degree in business administration/accounting from Millersville University of Pennsylvania.
We provide the greatest benefit for private clients with at least $250,000 to invest, and retirement plans with at least $1 million of investable assets. We prefer clients who think of themselves as our partners and are active participants in communicating and working to achieve their goals.
As a fiduciary advisor, we believe in complete transparency when it comes to fees. You’ll find our fee schedule below.
| Individual Clients (Minimum account size of $250,000) Assets Under Management Annual Rate | |
| Up to $1,000,000 | 1.00% |
| $1,000,001 - $5,000,000 | 0.75% |
| $5,000,001 - $20,000,000 | 0.50% |
| Over $20,000,000 | 0.35% |
| 401(k) Retirement Plans (Minimum account size of $1,000,000) Assets Under Management Annual Rate | |
| Up to $1,000,000 | 1.00% |
| $1,000,001 - $2,000,000 | 0.80% |
| $2,000,001 - $5,000,000 | 0.60% |
| Over $10,000,000 | 0.40% |
No one can outguess the market. At Key Wealth Partners, we reject the “trading” that so often leads investors astray. Instead, we emphasize patience and discipline to harness the market’s long-term rewards. We rely on careful asset allocation and diversification as we seek to earn the returns our clients require while minimizing risk. And because every dollar counts, we strive to keep costs and tax liabilities to a minimum.
Yes. We welcome the opportunity to work hand in hand with your trusted professionals to accomplish the goals laid out in your financial plan. We also have the ability to refer clients to carefully vetted experts in our professional network as required.
Simply provide us with the most recent account statement from your current advisor. We’ll take care of the rest.