Fmp Wealth Advisers

FMP Wealth Advisers, formerly known as Financial Management Professionals, Inc., was established in 1987 and is based in Austin, Texas. The firm specializes in providing personalized financial planning and investment management services to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and small businesses. FMP Wealth Advisers strictly operates as a fee-only financial planning and investment management firm, refraining from selling products for commissions. The firm manages approximately $1.13 billion in assets for around 736 clients, with most assets managed on a discretionary basis. Clients have the option to place restrictions on their investments, and the firm offers tailored relationships by recommending a combination of investment profiles or portfolios based on individual goals and risk levels. FMP Wealth Advisers employs various investment strategies, including dynamic asset allocation and fully invested asset allocation, and may use geared funds in certain allocations. The firm acts as a fiduciary for retirement clients, ensuring advice is provided in the client's best interest. Clients are provided with quarterly reports and annual reviews of their accounts. FMP Wealth Advisers does not charge performance-based fees and does not vote on client securities proxies. The firm maintains a strict Code of Ethics and does not accept referral fees. Clients are responsible for determining the custodian for their accounts, with Schwab being a recommended option.