Guides › Financial Advisor Fees
Updated September 28, 2026. Quick answer: UMB Private Wealth Management discloses a whole-balance breakpoint schedule starting at 1.25% in its UMB Private Wealth Management, LLC Form ADV Part 2A Brochure (September 18, 2026). Converted to dollars, that runs $6,250 a year on a $500,000 account; see the full table below for $250,000, $1 million and $2 million.
The published numbers
From the UMB Private Wealth Management, LLC Form ADV Part 2A Brochure (September 18, 2026): “Banded Asset Management Fee Schedule: Household Market Value / Fee %: Under $1 Million 1.25%; $1-3 Million 1.15%; $3-5 Million 1.00%; $5-10 Million 0.80%; $10-15 Million 0.70%; $15-25 Million 0.60%; $25-50 Million 0.55%; Over $50 Million 0.50%. Minimum Household Fee $5,000. UMBPWM will apply the minimum household fee of $5,000 where the calculated advisory fee would otherwise fall below that amount.”
Note: UMBPWM states its Banded Asset Management Fee Schedule applies to all household account balances, including accounts below its stated account minimum where the firm has exercised discretion to waive it, and separately applies a $5,000 minimum household fee where the calculated advisory fee would otherwise fall below that amount.
- Under $1,000,000: 1.25%
- $1,000,000 to $2,999,999: 1.15%
- $3,000,000 to $4,999,999: 1.00%
- $5,000,000 to $9,999,999: 0.80%
- $10,000,000 to $14,999,999: 0.70%
- $15,000,000 to $24,999,999: 0.60%
- $25,000,000 to $49,999,999: 0.55%
- Over $50,000,000: 0.50%
Minimum annual fee: $5,000.
What you would pay
| Account balance | Annual fee (dollars) | Effective rate |
|---|---|---|
| $250,000 | $5,000 | 2.00% |
| $500,000 | $6,250 | 1.25% |
| $1,000,000 | $11,500 | 1.15% |
| $2,000,000 | $23,000 | 1.15% |
UMBPWM uses a whole-balance breakpoint schedule: the single rate for your household’s bracket applies to the entire balance. At $250,000 (under $1 million, 1.25% = 3,125) the $5,000 minimum household fee dominates and applies instead; at $500,000 (1.25% = 6,250) the schedule amount exceeds the minimum and applies; at $1,000,000 and $2,000,000 the household falls in the ‘$1-3 Million’ bracket at 1.15% (11,500 and 23,000).
How this compares
Our benchmark of published adviser fee schedules puts the weighted median annual cost near $2,000 to $2,500 on $250,000 (the benchmark). At $500,000, UMB Private Wealth Management’s own published rate runs $6,250 a year.
Comparing UMB Private Wealth Management against a full move? Read the general mechanics of switching financial advisors, or use a dated termination letter once you decide.
Compare your next step
Just comparing fees? Keep reading the fee guide.Optional next step
Explore an adviser match
Compare the services and the full fee before deciding whether to hire anyone.
- No fee to request a match
- No obligation to hire
Expect questions about your situation, your name, email and phone, and phone verification by text. A match is not guaranteed.
The form is run by Kapitalwise, our advisor-matching partner. Kapitalwise sends your details to advisers who pay for the introduction, so expect calls and texts. Clear Money Guide is paid when you submit the form, whether or not you ever hire anyone. This is free to you and there is no obligation to hire anyone.
Opens here. Nothing loads and nothing reaches Kapitalwise until you press the button.
How our partner relationships workCompare an adviser match before you decide
Ask about the full fee, what it covers and how the adviser is paid. A match is an introduction, not a recommendation from Clear Money Guide.
- Free matching service
- No obligation to hire
The matching service is run by WiserAdvisor, an independent advisor-matching company. It opens on their site, asks for your ZIP code and a few questions, and matches you with 2 to 3 vetted advisors. It is free to you. WiserAdvisor states the service is built for portfolios of $250,000 and above. By submitting, you consent to emails, phone calls and text messages from WiserAdvisor and up to three advisors, so expect to be contacted. Advisers pay for the introduction. Clear Money Guide is paid when you complete the form, whether or not you ever hire anyone. There is no obligation to hire anyone.
Continue to WiserAdvisorOpens on WiserAdvisor’s site in a new tab.
Source: WiserAdvisor’s service descriptionSources
- UMB Private Wealth Management, LLC Form ADV Part 2A Brochure (September 18, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1058414
- SEC Investment Adviser Public Disclosure, UMB Private Wealth Management, LLC (CRD #306374): https://adviserinfo.sec.gov/firm/summary/306374
- UMB Private Wealth Management, LLC, SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/306374/PDF/306374.pdf
Methodology. This page was built September 28, 2026, drawing on UMB Private Wealth Management’s own SEC-filed disclosure and, where cited, its published fee schedule, with sources linked above; any figure we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
Weighing whether to move ahead? Read the full UMB Private Wealth Management review.
What does it take to open an account? See UMB Private Wealth Management’s minimum investment, straight from its own Form ADV Part 2A brochure.
Comparing UMB Private Wealth Management against other options? See UMB Private Wealth Management alternatives, including a lower-fee full-service firm, a flat-fee route and a robo/hybrid.