What does myCIO Wealth Partners do?
myCIO Wealth Partners is an SEC-registered, advisor-led wealth management firm serving high-net-worth individuals, families, corporate executives, trusts, and institutions.
It combines customized investment management with financial planning, with CIO- and CFO-style support available to certain clients. The service can coordinate portfolio strategy with taxes, retirement, estate planning, executive compensation, and insurance.
The firm generally requires $1 million in investable assets, while its standard asset-based fee schedule carries a $25,000 minimum annual fee. These thresholds make the service better suited to larger portfolios and clients with more complex planning needs who are likely to use its broader investment and financial planning support.
myCIO primarily builds portfolios using mutual funds and ETFs, private investment funds, non-traded REITs, sub-advisors, and independent managers, with individual stocks and bonds used more selectively. Management can be discretionary or non-discretionary, so clients can either delegate trading authority or retain final approval over recommendations.
What are the pros and cons of myCIO Wealth Partners?
Here are some of the pros and cons of myCIO Wealth Partners.
Pros of myCIO Wealth Partners:
- Integrated service: Investment decisions can be coordinated with tax, estate, insurance, executive compensation, and wealth-transfer planning.
- Customized advice: Clients receive individualized allocation, manager selection, monitoring, and reporting rather than a standardized digital portfolio.
- Complex-wealth capabilities: The service addresses concentrated stock positions, alternative investments, family-office coordination, and multigenerational planning.
Cons of myCIO Wealth Partners:
- High fee: The formal minimum is $1 million, but the $25,000 minimum annual fee may make smaller qualifying relationships expensive.
- Layered costs: Clients may pay myCIO’s advisory fee plus fund expenses, transaction charges, custodian costs, and others.
- Portfolio complexity: Private funds, non-traded REITs, and outside managers can add fees, reduce liquidity, and complicate oversight.
myCIO Wealth Partners fees: How much does myCIO Wealth Partners cost?
For investment advisory services, myCIO generally charges a negotiable asset-based annual fee based on the market value and type of assets under management.
Assets under management | Annual advisory fee |
|---|---|
First $25 million | 0.50% |
Next $25 million | 0.35% |
Next $25 million | 0.20% |
Next $25 million | 0.15% |
Next $100 million | 0.08% |
Next $200 million | 0.06% |
Next $100 million | 0.05% |
Next $500 million | 0.04% |
Additional assets | Negotiable |
Minimum annual advisory fee | $25,000 |
Other service fees:
Services | Fee range |
|---|---|
Fixed-fee investment management | $10,000–$300,000 |
Stand-alone financial planning | $10,000–$300,000 fixed, or $100–$600 hourly |
Retirement plan consulting | $15,000 to $30,000 fixed |
Tax preparation | $250 to $200,000 |
For example, a $1 million portfolio would generate a $5,000 fee at the 0.50% rate, but the $25,000 minimum annual fee means the client would pay $25,000 instead, which makes the standard pricing structure better suited to clients with larger portfolios.
You may also pay transaction charges, fund-level expenses and separate manager fees, while additional services such as retirement plan consulting carry separate fixed fees.
What is myCIO Wealth Partners’s minimum account size?
myCIO generally requires $1 million in investable assets for investment advisory services.
The firm may waive or reduce the minimum or negotiate fees based on factors such as future assets, related accounts, account composition, retention, or other client-specific circumstances.
Who should choose myCIO Wealth Partners?
myCIO Wealth Partners works well for:
- High-net-worth investors: The service is designed around large, customized advisory relationships rather than small accounts.
- Clients with complex portfolios: The firm may oversee outside managers, private funds, REITs, concentrated stock, and multi-asset portfolios.
- Investors who want human judgment: Clients work with advisors and can choose discretionary management or retain approval rights.
- Executives and families with planning needs: Personal CFO and executive planning can address stock options, cash flow, taxes, education, retirement, and insurance.
Who might not benefit as much:
- Cost-sensitive investors: The $25,000 minimum annual fee and possible layered costs may be too high for simpler portfolios.
- New investors: A $1 million general minimum makes the service inaccessible for many beginners.
- Simple investors: Private funds, outside managers, and customized structures may be more complex than necessary.
myCIO Wealth Partners: Is it secure?
myCIO has several safeguards for client assets and personal information.
It is SEC-registered, and client securities are generally held with qualified third-party custodians such as Schwab or Fidelity rather than by myCIO itself. SEC registration subjects the firm to federal investment-adviser regulation, while independent custody separates the holding of client assets from myCIO’s portfolio management role.
The firm also uses technical, administrative, and physical safeguards to protect client information. These controls are intended to reduce unauthorized access, misuse, or disclosure and limit access to sensitive information to authorized personnel. However, these safeguards do not protect clients from investment or market losses.
myCIO Wealth Partners: Customer service
Clients primarily work directly with myCIO’s advisory team and can contact the firm by phone, email, fax, or in person.
It reviews managed accounts on an ongoing basis, encourages clients to discuss their financial planning and investment performance at least annually, and may provide additional account reports monthly, quarterly, or as needed.
This service model gives clients regular access to advisors and ongoing portfolio oversight, making it better suited to those who value a continuing advisory relationship rather than primarily self-service support.
Is myCIO Wealth Partners worth it?
myCIO Wealth Partners may be worth considering for high-net-worth clients who need coordinated investment management and financial planning, particularly around taxes, estate planning, executive compensation, concentrated stock, and alternative investments.
Its customized, advisor-led model and broad planning scope are the main strengths. The key trade-offs are the $1 million general asset minimum, the $25,000 minimum annual advisory fee, negotiable pricing, and potential additional costs from private funds or outside managers.
It is less suitable for investors seeking low-cost, standardized portfolio management or a primarily digital service.
Get expert financial advice
If you're seeking professional financial advice, Unbiased can match you with a financial advisor who will help you manage your money and maximize your investments.