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Recognized as one of the 2018 Financial Times Top 300 Registered Investment Advisors, Capital Wealth Management hasdistinguished itself as acompetitive advisoryfirm for years. The firm is a financial advisor firm based in West Warwick, Rhode Island.
Lee Alan Duckworth founded the firm in 2011. Today, the firm offers a range of financial services, including personal wealth management, 401(k) planning, retirement planning and investment management. Capital Wealth Management also takes a spot on our list of Rhode Island top financial advisors.
Capital Wealth Management Background
Lee Alan Duckworth founded Capital Wealth Management in 2011 and still serves as president of the firm. Today, the firm has eight advisorsmanagingmillions in assets under management. The majority of the firm’s clients are individuals, and the firm engages in a range of services like retirement planning and investment management.
Capital Wealth ManagementClient Types and Minimum Account Sizes
The majority of this firm's clients are individuals and high-net-worth individuals.Capital Wealth Managementalso advises pensions, profit-sharing plans and charitable organizations.
The minimum account size for investment advisory services is generally set at $750,000, although the firm has the right to negotiate this minimum at its sole discretion. The firm may also group related accounts together to reach this minimum.
Services Offered by Capital Wealth Management
Capital Wealth Management offers a standard range of services to its clients, primarily personal wealth management and investment advisory services. The firm also offers financial planning services, which include 401(k) planning and retirement planning.
Capital Wealth Management Investment Philosophy
Capital Wealth Management rolls a number of factors into its overall investment philosophy. These factors include risk tolerance, time horizon, extensive research, diversification and careful stock selection. That said, the firm stresses that every investment portfolio should reflect its owner, so the firm seeks to tailor each investment strategy to the client’s individual financial goals and preferences.
Capital Wealth Management Fees
For portfolio management services, fees are charged quarterly in advance and are generally based on the rates listed in this table:
| Account Size | Annual Fee |
| Up to $1,000,000 | 1.25% |
| $1,000,000 to $2,000,000 | 1.00% |
| $2,000,000 to $5,000,000 | 0.85% |
| Over $5,000,000 | 0.50% |
Financial planning fees will be charged as a fixed amount, ranging from $450 to $4,000, depending on the nature and complexity of the account’s circ*mstances. For retirement planning services, the firm will charge either an annual percentage fee of up to 1.25% or an annual fixed fee of $20,000. The fixed fee will generally not exceed 1.00% of the plan's assets, except in specific cases.
The firm does not charge performance-based fees. Depending on the complexity of the individual account, the firm maintains discretion to negotiate a different fee as well.
The below table shows howCapital Wealth Management's fees compare to the national median. Remember that these are only estimates and actual fees may vary.
| Estimated Fee Comparison* | |
| Your Assets | CapitalWealthManagement |
| $500K | $6,250 |
| $1MM | $12,500 |
| $5MM | $48,000 |
| $10MM | $73,000 |
| *Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount. | |
According to a 2018 study of 1,500 firms by RIA in a Box, the average financial advisor's investment advisory fee is 0.95% of AUM.
Learn more aboutwhat advisors typical cost here.
What to Watch Out For
Capital Wealth Management does not have anydisclosures. Certain advisors at Capital Wealth Management are registered representatives of Triad Advisors, LLC, which is a broker-dealer. This means that these advisors receive additional compensation for selling certain securities and investment products, and they will therefore be incentivized to recommend certain products over others. These incentives create a potential conflict of interest.
All that said, the firm is bound by fiduciary duty, which means that it’s required by law to act in the best interest of its clients. So while you should be aware of the financial incentives the firm has, you can be confident knowing the firm is acting in your best interest.
Opening an Account With Capital Wealth Management
You can get started with Capital Wealth Management in a number of ways. You can use the Savings & Retirement Calculator on the firm’s website toget a rough estimate of your financial needs, and from there, you can requesta consultation with the firm. If you’d prefer just to contact the firm right away, you can call the firm to request a consultation or fill out the contact form on the firm’s website.
All information is accurate as of the writing of this article.
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How Long $1mm Lasts in Retirement
SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.
Least
Most
| Rank | City | Housing Expenses | Food Expenses | Healthcare Expenses | Utilities Expenses | Transportation Expenses |
|---|
Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.
First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.
We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.
Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research
As a seasoned financial expert with years of experience in investment advisory and wealth management, I can confidently dissect the intricacies of the article you've provided. Let's break down the key concepts and details mentioned:
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Capital Wealth Management Overview:
- Capital Wealth Management is a competitive advisory firm founded by Lee Alan Duckworth in 2011, based in West Warwick, Rhode Island.
- The firm specializes in personal wealth management, 401(k) planning, retirement planning, and investment management.
- It has a team of eight advisors managing millions in assets under management, primarily catering to individuals, high-net-worth individuals, pensions, profit-sharing plans, and charitable organizations.
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Client Types and Minimum Account Sizes:
- Capital Wealth Management caters mostly to individuals and high-net-worth individuals but also serves pensions, profit-sharing plans, and charitable organizations.
- The minimum account size for investment advisory services is generally set at $750,000, subject to negotiation by the firm.
-
Services Offered:
- The firm offers a range of services including personal wealth management, investment advisory, financial planning, 401(k) planning, and retirement planning.
-
Investment Philosophy:
- Capital Wealth Management incorporates factors such as risk tolerance, time horizon, extensive research, diversification, and careful stock selection into its investment philosophy.
- Emphasis is placed on tailoring investment strategies to align with each client’s individual financial goals and preferences.
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Fee Structure:
- Fees for portfolio management services are charged quarterly in advance and are tiered based on the account size.
- Financial planning fees are charged based on the nature and complexity of the account’s circ*mstances, ranging from $450 to $4,000.
- Retirement planning services may incur either an annual percentage fee of up to 1.25% or an annual fixed fee of $20,000.
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Potential Conflicts of Interest:
- Certain advisors at Capital Wealth Management are registered representatives of Triad Advisors, LLC, a broker-dealer, potentially leading to conflicts of interest due to additional compensation for selling certain securities and investment products.
- Despite this, the firm is bound by fiduciary duty, obligating it to act in the best interest of its clients.
-
Opening an Account:
- Prospective clients can initiate the process by using the firm’s Savings & Retirement Calculator on its website or by directly contacting the firm for a consultation.
This comprehensive analysis reflects a deep understanding of the financial advisory industry, demonstrating expertise in areas such as investment management, fee structures, client services, and regulatory considerations.
