Based in the Finger Lakes region of Central New York, we have over two decades of experience delivering investment management and consulting services to clients across the United States.
Based in the Finger Lakes region of Central New York, we have over two decades of experience delivering investment management and consulting services to clients across the United States.
Your company may explain the mechanics of exercising your stock options, but they can’t tell you when to exercise or how much you should own relative to your net worth.
Your company may explain the mechanics of excerising stock options, but they cna't tell you when to exercise, how long to hold the stock, or how much you should own as a percentage of your net worth.
Source: Schwab Stock Plan Service, Inc.
2018 Equity Compensation Plan Participant Survey, 9/29/2017
A surprising majority of business owners have no transition plan in place. When it comes time to make important decisions about your business, will you be ready?
Althoguh being an entrepreneur can have many payoffs, the demands on your time can make personal financial planning more difficult.
With personal and business priorites not always being in sync, managing both can sometimes feel overwhelming.
Wilmington Trust
Family financial conversations are rarely easy. Many people are uncomfortable and resist talking openly with loved ones about important wealth planning matters.
Whether it's providing for your children's education, getting your estate plan in order, or dealing with your parents' financial well-being, every family financial situation is different.
Over time you come to realize that, in addition to the family business, you need to start to focus on the "business of family".
Fidelity Investments
After a 20 year career working with two large investment firms, John founded Sammut Wealth Management in January, 2014. Offering independent consulting and investment management services, he specializes in helping executives make more informed decisions concerning their company stock and total wealth.
Erin brings a wealth of experience, lots of personality, and an incredibly strong work ethic to our company and clients. As Director of Client Services, Erin’s responsibilities include overseeing all client administration and operations. In addition, she handles vendor and partner relations, oversees operational systems and workflows, and is in charge of marketing and public relations for the firm.
I started in the retail business, working for Banana Republic in Washington, DC and Los Angeles. I was later promoted to store manager, overseeing a number of locations in the Baltimore/Washington region.
My background in retail sales taught me lessons in delivering a great customer experience, which is part of our mission at SWM. And managing a group of stores for a major retailer helped me learn the basics of running a successful operation. Later, I was hired as the Executive Assistant for the Mid-Atlantic Vice President, which gave me valuable experience working in an executive capacity at a Fortune 500 company.
In 2008, I started a personal concierge business called “The Go-to Girl”, where I helped a select group of clients organize their homes, maintain their property, help plan events, and align with specialists. Later, while still active in the concierge business, I joined Finger Lakes Realty Partners as office manager and became a licensed agent.
My parents died young (Father at 63, Mother at 66). My dad was in charge of financials and my mom wasn’t really involved, so when he died I could see that my Mom became stressed and overwhelmed because she didn’t have the day to day involvement that he did. This was very common with this generation. At Sammut Wealth Management I want to really empower spouses to become more knowledgeable about their financial household so that they have confidence when the time comes for decision making.
The best thing about my work is to see the smile on a client’s face or hear the happiness in their voice when they need help and I have a solution. Giving our clients the best support and experience is very rewarding to me.
It’s challenging sometimes. Thank goodness John and I have a very open line of communication and we laugh a lot. We have come into this marriage and business as a team speaking our truths, helping each other grow in our strengths while continually improving our weaknesses.
John and I have made a conscious effort to become healthy in our mind, body and spirit. I love to meditate, practice Pilates, yoga, circuit train and cross country ski to break up our upstate New York winters. We also love to travel and spend time with our dog Samson!
Sammut Wealth Management is partnered with Commonwealth Financial Network®, a broker-dealer and investment adviser who assists us in providing an exceptional client experience.
Founded in 1979, Commonwealth has the scale, stability, and resources to help us deliver innovative and integrated solutions. With a staff of more than 850, Commonwealth helps approximately 1,950 independent advisors* serve their clients. The firm is privately held and manages total account assets of approximately $161 billion.*
Commonwealth is our secret weapon. As the nation’s largest privately held independent broker-dealer, the firm's vast infrastructure is built around doing whatever it takes to deliver everything advisors need to serve their clients. The firm’s always–expanding resources help ensure that we can deliver the best possible guidance and the prompt, personal service you expect and deserve. Among the many reasons we choose to affiliate with them, here are a few:
In addition, we are proud to be associated with an organization that has received acknowledgments of its workplace culture year after year in the Boston and San Diego areas where its home offices are staffed. The firm has been recognized 38 times and counting as a Best Place to Work by:
*As of 12/31/18
** Fidelity Clearing & Custody SolutionsSM (FCCS) is an independent company, unaffiliated with Commonwealth. FCCS is a service provider to Commonwealth and provides clearing, custody, and other brokerage services to Commonwealth through National Financial Services LLC (NFS), member NYSE, SIPC. 807841.1.0
A wealth management consulting arrangement may be best suited to those clients who seek comprehensive planning services incorporating cash flow, assets, liabilities and property, including investment programs not under our direct custody.
Depending on the scope and duration of the consulting project, we may charge an hourly rate of $300/hr or flat retainer fee detailed below.
| Basic | Advanced | Concierge | A La Carte | |
| Annual Fees | $1,200 - $2,500 | $2,500 - $6,000 | $5,000 - $15,000 | $300/hr |
| Organizer360 Portals | ✔️ | ✔️ | ✔️ | As Needed |
| Balance Sheet / Net Worth | ✔️ | ✔️ | ✔️ | |
| Education Planning / Planned Expenses | ✔️ | ✔️ | ✔️ | |
| Savings Strategy | ✔️ | ✔️ | ✔️ | |
| Fiduciary Investment Consulting (401k/Held Away Assets) | ✔️ | ✔️ | ||
| Retirement Income Planning (Including Social Security) | ✔️ | ✔️ | ||
| Employer Benefits | ✔️ | ✔️ | ||
| Risk Management & Insurance | ✔️ | ✔️ |
| Business Planning and Continuity Strategy | ✔️ | As Needed | ||
| Strategic Tax Planning | ✔️ | |||
| Trust & Estate Plan Review | ✔️ | |||
| Equity Compensation Programs (Stock, RSUs, ESPPs) | ✔️ | |||
| Deferred Compensation Planning | ✔️ |
PPS Custom Program (Transactions) Account clients will pay an annual management fee, as outlined in the breakpoint fee schedule below. The management fee is negotiable, billed quarterly, and, unless otherwise agreed, shall be based on the value of assets in the Account.
In addition to the annual management fee, PPS Custom Program clients may pay transaction charges, administrative charges, and miscellaneous account fees and charges, as described in the PPS Client Agreement and Commonwealth’s ADV Part 2A Brochure.
Assets Under Management | Annual Fee % |
| $0 - $500,000 | 1.10% |
| $500,000 - $1,000,000 | 1.00% |
| $1,000,000 - $2,500,000 | 0.80% |
| $2,500,000 - $5,000,000 | 0.70% |
| $5,000,000 - $10,000,000 | 0.60% |
| > $10,000,000 | 0.50% |
