Meridian Wealth Management

Voice: 949-754-3151 Fax: 253-550-3114

www.meridianwealth.com

[email protected]

• Year practice began: 2001
• Number of advisors in office: 1 advisor, 1 part-time assistant
• Number of clients: 60 client households
• Compensation method(s): Primarily hourly fees, some retainer fees
• Average fee for a comprehensive financial plan: $1,200
• Hourly Rate: $125 per hour for teachers, $150 per hour for all other clients
• Fee for managing assets: Currently a percentage of assets under management, from 0.7% of the first $200,000 to 0.1% of assets above $2 million. Dauenhauer is in the process of converting to a retainer fee structure for asset management in which fees will be based on the number of hours worked on behalf of the client (at the $150 per hour or $125 per hour rate).
• Client demographics: Primarily teachers and employees of state and local governments in and around Orange County, California. Most clients are between the ages of 45 and 65, with an average net worth of $500,000 to $750,000. (This includes the equity in their homes, which can be substantial in the Orange County area.)
• Previous incarnations: Financial advisor at Morgan Stanley Dean Witter, trader and financial plan writer at Smith Barney, sales assistant and 401(k) telephone representative at Merrill Lynch
• Professional designation: CFP
• Outside interests: Spending time with his wife and son, church activities, reading, golf, softball, skiing