Guides › Financial Advisor Fees
Updated September 24, 2026. Quick answer: $5,000 for VestWise. Park Avenue Securities’ own Form ADV Part 2A brochure states this figure directly, though the firm can waive or reduce it at its own discretion. At that minimum, Park Avenue Securities’ own published fee schedule works out to $22.50 a year.
The minimum, in the firm’s own words
“The program’s minimum initial investment requirement is $5,000. However, there is no minimum dollar amount to open a VestWise account.”
On waivability: “The minimums … for the VestWise program may be modified or waived by Park Avenue on a case-by-case basis.”
Minimum investment and what it would cost
| Program | Minimum investment | Annual fee at that minimum | Waivable? |
|---|---|---|---|
| VestWise | $5,000 | $22.50 | Yes, at the firm’s discretion |
| Source: VestWise Wrap Fee Program Brochure (Form ADV Part 2A, Appendix 1), June 18, 2026 | |||
$5,000 at VestWise’s disclosed 0.45% maximum annual fee: $5,000 x 0.45% = $22.50.
Park Avenue Securities’ own fee schedule at other balances
| Account balance | Annual fee |
|---|---|
| $250,000 | $1,125 |
| $500,000 | $2,250 |
| $1,000,000 | $4,500 |
| $2,000,000 | $9,000 |
What else to know
Park Avenue Securities’ VestWise digital advisory program requires $5,000 before it invests your money in its Model Portfolio (an account can be opened with less, but stays in cash sweep); the minimum may be waived case by case.
What a larger account would cost
The minimum is only the entry point. On a $500,000 account, Park Avenue Securities’ own published fee schedule runs $2,250 a year; see the full dollar breakdown from Park Avenue Securities’ own fee disclosure across several account sizes. It is also worth knowing whether Park Avenue Securities is a fiduciary before you decide.
Already a client and thinking about the minimum a different way, like whether you could get a better deal elsewhere? 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
- VestWise Wrap Fee Program Brochure (Form ADV Part 2A, Appendix 1) (June 18, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1048783
- SEC Investment Adviser Public Disclosure, Park Avenue Securities LLC (CRD #46173): https://adviserinfo.sec.gov/firm/summary/46173
- Park Avenue Securities LLC, SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/46173/PDF/46173.pdf
Methodology. This page was built September 24, 2026, quoting directly from Park Avenue Securities’ own current Form ADV Part 2A / wrap-fee brochure, with the source linked above. The annual-fee-at-the-minimum figure applies that same brochure’s own published fee schedule to the disclosed minimum dollar amount; any distinction 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, and it is not a substitute for reading the firm’s own Form ADV Part 2A. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
Weighing whether to move ahead? Read the full Park Avenue Securities review, including its fiduciary status and what it costs to leave.
Comparing Park Avenue Securities against other options? See Park Avenue Securities alternatives, including a lower-fee full-service firm, a flat-fee route, and a robo/hybrid.
How much do you need to open an account? Compare the minimum investment at 128 advisory firms, each taken from the firm’s own Form ADV Part 2A brochure.