Mayport Wealth Management

med school scholarship 2019

Mayport founder Adam Grossman is a fee-only fiduciary advisor and a Chartered Financial Analyst. He earned an MBA from the MIT Sloan School. Mayport was founded on the belief that quality investment advice can be delivered for a reasonable, flat fee. Mayport’s mission is to create a financial plan that will meet both your short-term and long-term goals so that you can focus on your career and your family, with the comfort of knowing that you have a solid plan in place. Our investment approach emphasizes simplicity, low-cost and tax-sensitivity.

Comprehensive Wealth Management includes:
Financial plan: Understanding your goals then preparing a detailed plan to work toward those goals.
Investment management: We develop an investment strategy for each of your accounts then manage your accounts according to this strategy.Retirement plan guidance: For your 401(k) or 403(b), Mayport will help you choose a set of funds that fits your plan and keeps your costs low.
Financial consultation: If business or investment opportunities are presented to you, we can help you analyze them. And, Mayport is available to answer other financial questions that may come up.
Web portal: To help you monitor progress toward your goals, Mayport’s web portal provides a consolidated view of your entire financial picture in one organized location.

Financial Planning and Investment Consulting includes:
Financial plan: Understanding your goals then preparing a detailed plan to work toward those goals.
Investment guidance: We develop an investment strategy for each of your accounts then provide you with guidance so you can implement it.
Retirement plan guidance: For your 401(k) or 403(b), Mayport will help you choose a set of funds that fits your plan and keeps your costs low.
Financial consultation: Analyze any any business or investment opportunities presented to you and answer other financial questions that may come up.

 

Fee Structure:

Fee structure: Fixed annual retainers ranging from $5,000 to $20,000, depending only  upon the complexity of the client’s situation.  The size of the client’s account does not necessarily  impact the fee.  Examples of factors that increase complexity include: a large, pre‐existing portfolio of  individual stocks; multiple private investments or outside business interests; international tax liabilities;  or ongoing, complex, estate planning needs.  Fees are fixed for a year at a time and may stay the same,  increase or decrease each year as the client’s situation evolves.

Fee structure: For financial planning, Mayport works  on a simple, hourly basis.  Most projects range from $1,000 to $5,000, depending upon the scope.