Frequently Asked Questions
Here are some of the most common questions we receive. As always, feel free to reach out if you’d like to learn more.
Questions
As fiduciaries, we are legally and ethically bound to prioritize your best interests. We are also holistic financial planners. This means we offer a variety of services, including investment management, retirement planning, estate planning and more. We don’t believe in one-size-fits-all plans. We tailor our plans to your individual situation.
We specialize in working with individuals aged 50 and older who have at least $1 million in investable assets.
As a holistic financial planner, we offer a variety of services, including:
• Financial planning
• Risk analysis
• Retirement strategies
• Tax efficiency
• Estate planning
• Small business strategies
• Insurance
• Social Security
• Investment management
Absolutely! We make it easy on you by taking care of the paperwork. Then we help design an investment strategy that fits your retirement goals.
Yes. Virtual meetings allow us to help families anywhere in the country.
We charge annual portfolio management fees based on the total assets in your account, with no account minimum. Fees are not based on capital gains and are billed in arrears using the average daily account balance. Rates range from 1.50% for accounts under $100,000 to 0.50% for accounts over $5 million.
Magnolia Wealth uses Fidelity and Charles Schwab as a third-party custodian for both investment and retirement accounts. As of August 2025, Charles Schwab oversees more than $11.2 trillion in client assets and serves millions of investors. They securely hold your investment accounts and even provide annual reporting to you and the IRS.