Net Worth Advisors

Net Worth Advisors provides investment consulting by gathering clients’ financial information, goals, risk tolerance and time horizon and recommending third‑party portfolio managers rather than directly managing underlying investments. The firm uses a percentage‑of‑assets consulting fee model collected through the selected third‑party managers and notes that mutual fund and transaction fees assessed by custodians also apply.

Net Worth conducts due diligence on recommended managers, generally preferring managers with at least a five‑year track record, and supplies clients with each manager’s ADV Part 2 while monitoring model portfolios and asset allocations. The firm accepts discretionary authority to choose third‑party managers, does not take custody of client assets, and relies on custodians to deliver monthly statements and legal notices.

Compared with many peers that directly manage individual or high‑net‑worth accounts, Net Worth’s business model is centered on consulting and implementation through outside managers and on hybrid representatives who also act as LPL-registered brokers and licensed insurance agents (the brochure discloses representatives spend about 50% of their time on those activities). Net Worth also discloses it receives a portion of fees collected by third‑party managers and that it does not vote client proxies, which can affect how implementation and certain conflicts of interest are handled relative to other firms.